Domino’s Pizza Inc $DPZ Shares Sold by Blue Trust Inc.

Blue Trust Inc. reduced its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 20.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147 shares of the restaurant operator’s stock after selling 38 shares during the period. Blue Trust Inc.’s holdings in Domino’s Pizza were worth $66,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in DPZ. Charles Schwab Investment Management Inc. acquired a new position in Domino’s Pizza during the 1st quarter valued at about $110,348,000. Invesco Ltd. increased its position in Domino’s Pizza by 32.9% during the 1st quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator’s stock valued at $371,997,000 after buying an additional 200,622 shares in the last quarter. Bristol Gate Capital Partners Inc. acquired a new position in Domino’s Pizza during the 1st quarter valued at about $92,085,000. Nuveen LLC acquired a new position in Domino’s Pizza during the 1st quarter valued at about $45,344,000. Finally, Truist Financial Corp increased its position in Domino’s Pizza by 3,692.1% during the 2nd quarter. Truist Financial Corp now owns 73,642 shares of the restaurant operator’s stock valued at $33,183,000 after buying an additional 71,700 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DPZ. Sanford C. Bernstein increased their price objective on Domino’s Pizza from $460.00 to $490.00 and gave the company a “market perform” rating in a report on Tuesday, July 22nd. Jefferies Financial Group cut their price objective on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating on the stock in a report on Monday. Barclays cut their price objective on Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating on the stock in a report on Wednesday, October 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Domino’s Pizza in a report on Wednesday, October 8th. Finally, Melius began coverage on Domino’s Pizza in a report on Monday, July 14th. They issued a “hold” rating and a $500.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus price target of $489.92.

Insider Buying and Selling at Domino’s Pizza

In other news, Director James A. Goldman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the transaction, the director owned 3,384 shares in the company, valued at $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.83% of the stock is currently owned by company insiders.

Domino’s Pizza Stock Down 0.2%

Shares of DPZ opened at $416.26 on Friday. Domino’s Pizza Inc has a 52 week low of $397.12 and a 52 week high of $500.55. The company has a market capitalization of $14.07 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 2.20 and a beta of 1.12. The stock’s 50-day moving average price is $439.25 and its 200-day moving average price is $457.46.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, topping analysts’ consensus estimates of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the business earned $4.19 earnings per share. The company’s revenue was up 6.2% compared to the same quarter last year. As a group, equities analysts anticipate that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be given a dividend of $1.74 per share. The ex-dividend date is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.7%. Domino’s Pizza’s dividend payout ratio is currently 40.68%.

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.