Domino’s Pizza Inc (NASDAQ:DPZ) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. cut its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 2.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,985 shares of the restaurant operator’s stock after selling 340 shares during the quarter. Scotia Capital Inc.’s holdings in Domino’s Pizza were worth $5,506,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wood Tarver Financial Group LLC purchased a new stake in Domino’s Pizza in the 4th quarter worth approximately $25,000. Alpine Bank Wealth Management purchased a new stake in shares of Domino’s Pizza in the first quarter valued at $25,000. LRI Investments LLC purchased a new stake in shares of Domino’s Pizza in the first quarter valued at $27,000. Covestor Ltd increased its stake in Domino’s Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 49 shares during the last quarter. Finally, Cary Street Partners Financial LLC purchased a new position in Domino’s Pizza during the fourth quarter worth about $53,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $467.98 on Tuesday. The company has a market cap of $15.89 billion, a PE ratio of 27.18, a P/E/G ratio of 2.56 and a beta of 1.09. Domino’s Pizza Inc has a 12 month low of $396.06 and a 12 month high of $500.55. The company has a fifty day moving average price of $463.24 and a two-hundred day moving average price of $464.99.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing the consensus estimate of $3.93 by ($0.12). The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $4.03 earnings per share. Equities research analysts anticipate that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $1.74 per share. The ex-dividend date is Monday, September 15th. This represents a $6.96 annualized dividend and a dividend yield of 1.5%. Domino’s Pizza’s dividend payout ratio is currently 40.42%.

Wall Street Analysts Forecast Growth

Several analysts have commented on DPZ shares. Barclays lifted their price target on Domino’s Pizza from $420.00 to $425.00 and gave the company an “underweight” rating in a report on Monday, July 21st. Hsbc Global Res upgraded shares of Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, April 22nd. Benchmark increased their price target on shares of Domino’s Pizza from $535.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. UBS Group reissued a “buy” rating and set a $540.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, July 22nd. Finally, Morgan Stanley upped their price objective on Domino’s Pizza from $510.00 to $514.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $489.67.

Domino’s Pizza Profile

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