Domino’s Pizza, Inc. (NYSE:DPZ) Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 33.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,352 shares of the restaurant operator’s stock after selling 9,824 shares during the quarter. Royal Bank of Canada’s holdings in Domino’s Pizza were worth $5,386,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DPZ. Profund Advisors LLC raised its stake in shares of Domino’s Pizza by 1.2% in the 2nd quarter. Profund Advisors LLC now owns 4,604 shares of the restaurant operator’s stock valued at $1,281,000 after acquiring an additional 54 shares during the period. Cornerstone Advisors Inc. raised its stake in shares of Domino’s Pizza by 36.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 207 shares of the restaurant operator’s stock valued at $58,000 after acquiring an additional 55 shares during the period. Independent Advisor Alliance raised its stake in shares of Domino’s Pizza by 3.7% in the 2nd quarter. Independent Advisor Alliance now owns 1,660 shares of the restaurant operator’s stock valued at $462,000 after acquiring an additional 59 shares during the period. NEXT Financial Group Inc raised its stake in shares of Domino’s Pizza by 85.7% in the 2nd quarter. NEXT Financial Group Inc now owns 130 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 60 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Domino’s Pizza by 1.5% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 4,599 shares of the restaurant operator’s stock valued at $1,280,000 after acquiring an additional 66 shares during the period. Hedge funds and other institutional investors own 94.96% of the company’s stock.

DPZ has been the topic of a number of research reports. OTR Global downgraded shares of Domino’s Pizza to a “positive” rating and set a $280.00 target price on the stock. in a research note on Wednesday, July 10th. Stephens dropped their price target on shares of Domino’s Pizza from $325.00 to $300.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. Bank of America set a $295.00 price target on shares of Domino’s Pizza and gave the stock a “buy” rating in a research note on Wednesday. Northcoast Research reaffirmed a “neutral” rating on shares of Domino’s Pizza in a research note on Monday, October 7th. Finally, Longbow Research set a $320.00 price target on shares of Domino’s Pizza and gave the stock a “buy” rating in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company. Domino’s Pizza currently has an average rating of “Buy” and an average price target of $287.00.

Shares of DPZ stock opened at $257.79 on Friday. The firm has a market cap of $10.54 billion, a P/E ratio of 30.62, a P/E/G ratio of 1.80 and a beta of 0.50. Domino’s Pizza, Inc. has a 1-year low of $220.90 and a 1-year high of $302.05. The firm has a fifty day moving average of $239.53 and a two-hundred day moving average of $259.79.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Tuesday, October 8th. The restaurant operator reported $2.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.01). The company had revenue of $820.81 million for the quarter, compared to analyst estimates of $827.23 million. Domino’s Pizza had a negative return on equity of 12.92% and a net margin of 10.79%. Domino’s Pizza’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.95 earnings per share. Equities research analysts predict that Domino’s Pizza, Inc. will post 9.41 earnings per share for the current fiscal year.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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