Lido Advisors LLC Decreases Holdings in Domino’s Pizza Inc $DPZ

Lido Advisors LLC lowered its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 17.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,600 shares of the restaurant operator’s stock after selling 13,216 shares during the period. Lido Advisors LLC owned about 0.18% of Domino’s Pizza worth $27,307,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. RMG Wealth Management LLC purchased a new stake in Domino’s Pizza during the 2nd quarter worth approximately $25,000. Zions Bancorporation National Association UT purchased a new position in shares of Domino’s Pizza in the first quarter valued at approximately $27,000. Signature Resources Capital Management LLC acquired a new stake in shares of Domino’s Pizza in the second quarter worth approximately $29,000. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Domino’s Pizza during the second quarter worth approximately $31,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Domino’s Pizza during the second quarter worth approximately $34,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DPZ shares. Morgan Stanley lifted their target price on shares of Domino’s Pizza from $520.00 to $535.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Barclays decreased their price target on shares of Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 8th. Piper Sandler reaffirmed a “neutral” rating and set a $445.00 price objective on shares of Domino’s Pizza in a research note on Monday, November 24th. Jefferies Financial Group cut their price objective on shares of Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a report on Monday, October 13th. Finally, Bank of America raised their target price on shares of Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus target price of $490.40.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $419.76 on Friday. The company has a market capitalization of $14.18 billion, a P/E ratio of 24.53, a P/E/G ratio of 2.15 and a beta of 1.09. The company has a 50 day simple moving average of $414.19 and a 200-day simple moving average of $444.46. Domino’s Pizza Inc has a 1 year low of $392.89 and a 1 year high of $500.55.

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

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be issued 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 dividend yield of 1.7%. Domino’s Pizza’s dividend payout ratio is currently 40.68%.

Domino’s Pizza 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.