Domino’s Pizza Inc $DPZ Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 32.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,945 shares of the restaurant operator’s stock after acquiring an additional 1,960 shares during the quarter. D.A. Davidson & CO.’s holdings in Domino’s Pizza were worth $3,580,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of DPZ. Charles Schwab Investment Management Inc. acquired a new position in shares of Domino’s Pizza in the first quarter valued at approximately $110,348,000. Invesco Ltd. increased its holdings in shares of Domino’s Pizza by 32.9% in the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator’s stock valued at $371,997,000 after purchasing an additional 200,622 shares during the period. Bristol Gate Capital Partners Inc. acquired a new position in shares of Domino’s Pizza in the first quarter valued at approximately $92,085,000. Nuveen LLC acquired a new position in shares of Domino’s Pizza in the first quarter valued at approximately $45,344,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Domino’s Pizza in the second quarter valued at approximately $34,831,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DPZ shares. Royal Bank Of Canada dropped their target price on Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 15th. Wells Fargo & Company dropped their price objective on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 8th. TD Cowen reaffirmed a “buy” rating and set a $510.00 price objective on shares of Domino’s Pizza in a report on Tuesday, October 14th. Barclays dropped 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. Finally, Benchmark upped their price objective on Domino’s Pizza from $535.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Domino’s Pizza has a consensus rating of “Hold” and an average target price of $489.92.

Insider Buying and Selling

In related news, Director James A. Goldman sold 1,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 3,384 shares in the company, valued at approximately $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.83% of the company’s stock.

Domino’s Pizza Stock Down 1.6%

Shares of NASDAQ:DPZ opened at $414.86 on Friday. Domino’s Pizza Inc has a 52-week low of $397.12 and a 52-week high of $500.55. The stock’s fifty day simple moving average is $436.64 and its 200-day simple moving average is $456.50. The company has a market capitalization of $14.02 billion, a P/E ratio of 24.25, a P/E/G ratio of 2.23 and a beta of 1.12.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business earned $4.19 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts anticipate that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be given a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, December 15th. 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.