Domino’s Pizza Inc $DPZ Shares Sold by Global Trust Asset Management LLC

Global Trust Asset Management LLC lowered its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 54.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109 shares of the restaurant operator’s stock after selling 130 shares during the quarter. Global Trust Asset Management LLC’s holdings in Domino’s Pizza were worth $49,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alpine Bank Wealth Management purchased a new position in shares of Domino’s Pizza in the first quarter valued at $25,000. LRI Investments LLC purchased a new position in shares of Domino’s Pizza in the first quarter valued at $27,000. Zions Bancorporation National Association UT purchased a new position in shares of Domino’s Pizza in the first quarter valued at $27,000. Signature Resources Capital Management LLC purchased a new position in shares of Domino’s Pizza in the second quarter valued at $29,000. Finally, SVB Wealth LLC purchased a new position in shares of Domino’s Pizza in the first quarter valued at $36,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DPZ. Wells Fargo & Company raised their price target on Domino’s Pizza from $465.00 to $490.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 22nd. Redburn Atlantic initiated coverage on Domino’s Pizza in a research report on Tuesday, June 10th. They issued a “sell” rating and a $340.00 price target for the company. Royal Bank Of Canada cut Domino’s Pizza from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $550.00 to $500.00 in a research report on Tuesday, July 29th. Loop Capital upped their target price on shares of Domino’s Pizza from $564.00 to $574.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Finally, UBS Group reaffirmed a “buy” rating and set a $540.00 price target on shares of Domino’s Pizza in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $490.78.

Insider Buying and Selling

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of Domino’s Pizza stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the sale, the director owned 3,384 shares in the company, valued at $1,527,842.16. The trade was a 22.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.83% of the stock is owned by company insiders.

Domino’s Pizza Price Performance

DPZ opened at $434.41 on Tuesday. The stock has a market capitalization of $14.75 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 2.39 and a beta of 1.09. The business has a 50-day moving average of $452.26 and a two-hundred day moving average of $461.53. Domino’s Pizza Inc has a 12 month low of $397.12 and a 12 month high of $500.55.

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 analysts’ expectations of $1.14 billion. Domino’s Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $4.03 EPS. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $1.74 dividend. The ex-dividend date is Monday, September 15th. This represents a $6.96 annualized dividend and a yield of 1.6%. Domino’s Pizza’s payout ratio is 40.42%.

Domino’s Pizza Company 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.