Deutsche Bank AG cut its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ – Get Rating) by 18.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,343 shares of the restaurant operator’s stock after selling 17,576 shares during the quarter. Deutsche Bank AG owned 0.22% of Domino’s Pizza worth $30,921,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. GPS Wealth Strategies Group LLC raised its position in Domino’s Pizza by 1,300.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 84 shares of the restaurant operator’s stock worth $33,000 after acquiring an additional 78 shares in the last quarter. First Horizon Advisors Inc. raised its position in Domino’s Pizza by 209.7% in the second quarter. First Horizon Advisors Inc. now owns 96 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 65 shares in the last quarter. Valley National Advisers Inc. purchased a new position in shares of Domino’s Pizza in the first quarter valued at $51,000. Trust Co. of Vermont purchased a new position in shares of Domino’s Pizza in the second quarter valued at $67,000. Finally, Parallel Advisors LLC increased its position in shares of Domino’s Pizza by 91.6% in the second quarter. Parallel Advisors LLC now owns 182 shares of the restaurant operator’s stock valued at $71,000 after buying an additional 87 shares in the last quarter. 96.44% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. UBS Group upgraded Domino’s Pizza from a “neutral” rating to a “buy” rating and dropped their price target for the company from $430.00 to $385.00 in a research report on Tuesday, October 4th. StockNews.com assumed coverage on Domino’s Pizza in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Cowen dropped their price target on Domino’s Pizza from $410.00 to $362.00 and set a “market perform” rating for the company in a research report on Tuesday, September 27th. Northcoast Research upgraded Domino’s Pizza from a “neutral” rating to a “buy” rating and set a $460.00 price target for the company in a research report on Friday, November 18th. Finally, Stephens dropped their price objective on Domino’s Pizza from $368.00 to $335.00 and set an “equal weight” rating for the company in a research report on Friday, October 14th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Hold” and an average price target of $408.38.
Domino’s Pizza Stock Up 4.2 %
Domino’s Pizza (NYSE:DPZ – Get Rating) last announced its quarterly earnings data on Thursday, October 13th. The restaurant operator reported $2.79 earnings per share for the quarter, missing the consensus estimate of $2.98 by ($0.19). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Domino’s Pizza had a net margin of 10.02% and a negative return on equity of 10.64%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.24 EPS. Analysts anticipate that Domino’s Pizza, Inc. will post 12.02 earnings per share for the current fiscal year.
Domino’s Pizza Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $4.40 annualized dividend and a dividend yield of 1.12%. Domino’s Pizza’s dividend payout ratio (DPR) is 35.60%.
In other news, Director James A. Goldman sold 399 shares of the business’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $330.00, for a total transaction of $131,670.00. Following the sale, the director now directly owns 6,123 shares of the company’s stock, valued at $2,020,590. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.12% of the company’s stock.
Domino’s Pizza Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
- Get a free copy of the StockNews.com research report on Domino’s Pizza (DPZ)
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