Spinnaker Trust Sells 147 Shares of Domino’s Pizza Inc $DPZ

Spinnaker Trust cut its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 13.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 948 shares of the restaurant operator’s stock after selling 147 shares during the quarter. Spinnaker Trust’s holdings in Domino’s Pizza were worth $427,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in Domino’s Pizza by 17.2% in the first quarter. GAMMA Investing LLC now owns 566 shares of the restaurant operator’s stock worth $260,000 after buying an additional 83 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Domino’s Pizza by 3.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 80,546 shares of the restaurant operator’s stock worth $37,007,000 after acquiring an additional 2,391 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Domino’s Pizza by 1.1% in the 1st quarter. Amalgamated Bank now owns 6,924 shares of the restaurant operator’s stock worth $3,181,000 after acquiring an additional 75 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Domino’s Pizza by 2.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,968 shares of the restaurant operator’s stock valued at $1,823,000 after purchasing an additional 95 shares in the last quarter. Finally, Baskin Financial Services Inc. grew its holdings in shares of Domino’s Pizza by 0.9% during the 1st quarter. Baskin Financial Services Inc. now owns 79,222 shares of the restaurant operator’s stock valued at $36,399,000 after purchasing an additional 669 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $403.96 on Friday. Domino’s Pizza Inc has a 1 year low of $397.12 and a 1 year high of $500.55. The stock has a market capitalization of $13.65 billion, a P/E ratio of 23.61, a P/E/G ratio of 2.15 and a beta of 1.12. The company’s 50-day moving average is $433.61 and its 200 day moving average is $455.33.

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

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be paid a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, December 15th. Domino’s Pizza’s dividend payout ratio is presently 40.68%.

Analyst Ratings Changes

Several research firms have weighed in on DPZ. Wells Fargo & Company lowered their price target on shares of Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 8th. Weiss Ratings downgraded Domino’s Pizza from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. TD Cowen restated a “buy” rating and set a $510.00 target price on shares of Domino’s Pizza in a report on Tuesday, October 14th. UBS Group restated a “buy” rating and set a $540.00 price target on shares of Domino’s Pizza in a research report on Tuesday, July 22nd. Finally, Melius assumed coverage on Domino’s Pizza in a research report on Monday, July 14th. They issued a “hold” rating and a $500.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus price target of $490.32.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of the 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 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.83% of the company’s stock.

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.