Waverly Advisors LLC Reduces Stock Holdings in Domino’s Pizza Inc $DPZ

Waverly Advisors LLC trimmed its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 9.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,793 shares of the restaurant operator’s stock after selling 1,775 shares during the period. Waverly Advisors LLC’s holdings in Domino’s Pizza were worth $5,267,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. SHP Wealth Management purchased a new position in shares of Domino’s Pizza during the 4th quarter valued at $25,000. Rakuten Securities Inc. bought a new position in shares of Domino’s Pizza during the 2nd quarter worth $28,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Domino’s Pizza by 97.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 34 shares during the last quarter. Investors Research Corp increased its holdings in Domino’s Pizza by 9,900.0% in the 2nd quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 99 shares during the last quarter. Finally, MBM Wealth Consultants LLC bought a new stake in Domino’s Pizza in the 1st quarter valued at about $31,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DPZ shares. Morgan Stanley cut their target price on shares of Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th. JPMorgan Chase & Co. lowered their price target on shares of Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. Royal Bank Of Canada upped their price target on shares of Domino’s Pizza from $325.00 to $350.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. Robert W. Baird reaffirmed a “neutral” rating and issued a $350.00 price objective on shares of Domino’s Pizza in a report on Monday, August 24th. Finally, Oppenheimer reduced their price objective on shares of Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. Sixteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Domino’s Pizza has a consensus rating of “Hold” and a consensus target price of $398.06.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly Garcia sold 12,430 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Russell Weiner sold 10,850 shares of the stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the completion of the sale, the chief executive officer owned 43,829 shares in the company, valued at $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 23,767 shares of company stock valued at $7,737,107. 0.89% of the stock is owned by corporate insiders.

Domino’s Pizza Stock Down 1.3%

Shares of NASDAQ DPZ opened at $317.30 on Friday. Domino’s Pizza Inc has a 52 week low of $282.00 and a 52 week high of $458.29. The business has a 50-day simple moving average of $336.15 and a two-hundred day simple moving average of $342.49. The company has a market cap of $10.50 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.48 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The company had revenue of $1.19 billion for the quarter. During the same period in the previous year, the firm earned $3.81 earnings per share. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. Equities research analysts anticipate that Domino’s Pizza Inc will post 18.88 EPS for the current year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $1.99 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.5%. Domino’s Pizza’s payout ratio is currently 45.15%.

About Domino’s Pizza

Domino’s Pizza, Inc is a global restaurant company that operates and franchises stores under the Domino’s brand. Its core business centers on the preparation and delivery of made-to-order pizzas, with carryout and digital ordering also playing important roles in its customer service model.

The company’s menu includes a variety of pizzas, crusts and toppings, along with side dishes, chicken, sandwiches, desserts and beverages. Domino’s also operates a supply chain business that produces and distributes food, equipment and other products to company-owned and franchised stores, supporting consistency across its restaurant network.

Founded in 1960 in Ypsilanti, Michigan, Domino’s was initially known as Dominick’s before adopting its current name in 1965.