Marks Group Wealth Management Inc Sells 32 Shares of Domino’s Pizza Inc $DPZ

Marks Group Wealth Management Inc trimmed its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 5.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 607 shares of the restaurant operator’s stock after selling 32 shares during the period. Marks Group Wealth Management Inc’s holdings in Domino’s Pizza were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DPZ. HighPoint Advisor Group LLC boosted its stake in shares of Domino’s Pizza by 3.2% in the 1st quarter. HighPoint Advisor Group LLC now owns 672 shares of the restaurant operator’s stock worth $332,000 after buying an additional 21 shares during the last quarter. AGP Franklin LLC boosted its position in Domino’s Pizza by 0.4% in the first quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator’s stock worth $2,403,000 after purchasing an additional 21 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its position in shares of Domino’s Pizza by 0.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 4,162 shares of the restaurant operator’s stock valued at $1,912,000 after purchasing an additional 21 shares during the last quarter. Compound Planning Inc. lifted its stake in shares of Domino’s Pizza by 4.1% in the 1st quarter. Compound Planning Inc. now owns 562 shares of the restaurant operator’s stock worth $258,000 after purchasing an additional 22 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of Domino’s Pizza by 16.0% in the first quarter. Allworth Financial LP now owns 174 shares of the restaurant operator’s stock worth $85,000 after buying an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Royal Bank Of Canada downgraded shares of Domino’s Pizza from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $550.00 to $500.00 in a research report on Tuesday, July 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Domino’s Pizza in a research report on Saturday, September 27th. Sanford C. Bernstein lifted their price objective on Domino’s Pizza from $460.00 to $490.00 and gave the company a “market perform” rating in a research report on Tuesday, July 22nd. Melius assumed coverage on shares of Domino’s Pizza in a report on Monday, July 14th. They set a “hold” rating and a $500.00 price target on the stock. Finally, UBS Group reiterated a “buy” rating and issued a $540.00 price target on shares of Domino’s Pizza in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $492.88.

Domino’s Pizza Stock Performance

DPZ opened at $422.91 on Tuesday. The stock has a market capitalization of $14.36 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 2.34 and a beta of 1.12. The company has a fifty day moving average of $447.17 and a 200 day moving average of $460.48. Domino’s Pizza Inc has a fifty-two week low of $397.12 and a fifty-two week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing analysts’ consensus estimates of $3.93 by ($0.12). The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Domino’s Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.03 EPS. On average, equities research analysts forecast that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $1.74 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.6%. Domino’s Pizza’s dividend payout ratio is presently 40.42%.

Insider Buying and Selling

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of Domino’s Pizza stock in a transaction on Monday, August 18th. The shares were 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 of the company’s stock, valued at $1,527,842.16. This trade represents a 22.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.83% of the stock is owned by company insiders.

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.