Parr Mcknight Wealth Management Group LLC Lowers Stock Position in Domino’s Pizza Inc $DPZ

Parr Mcknight Wealth Management Group LLC lowered its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 64.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,089 shares of the restaurant operator’s stock after selling 1,933 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in Domino’s Pizza were worth $454,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DPZ. Annis Gardner Whiting Capital Advisors LLC raised its position 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 buying an additional 34 shares during the last quarter. Johnson Financial Group Inc. grew its stake in shares of Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 56 shares during the period. MUFG Securities EMEA plc bought a new stake in shares of Domino’s Pizza during the 2nd quarter valued at about $46,000. Smartleaf Asset Management LLC grew its stake in shares of Domino’s Pizza by 64.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 43 shares during the period. Finally, Atlantic Union Bankshares Corp grew its stake in shares of Domino’s Pizza by 85.5% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 141 shares of the restaurant operator’s stock valued at $61,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

NASDAQ DPZ opened at $310.56 on Monday. The company has a market capitalization of $10.33 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.44 and a beta of 0.98. The stock has a 50 day moving average price of $344.86 and a 200-day moving average price of $385.87. Domino’s Pizza Inc has a one year low of $297.48 and a one year high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The company had revenue of $1.15 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.33 EPS. As a group, equities analysts predict that Domino’s Pizza Inc will post 19.14 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $1.99 dividend. The ex-dividend date is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.6%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.83%.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total value of $152,822.08. Following the sale, the executive vice president owned 9,352 shares in the company, valued at $2,928,672.32. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.89% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Evercore cut their price objective on Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating for the company in a research note on Tuesday, April 28th. TD Cowen cut their price objective on Domino’s Pizza from $377.00 to $350.00 and set a “hold” rating for the company in a research note on Wednesday, May 27th. Morgan Stanley cut their price objective on Domino’s Pizza from $430.00 to $395.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. JPMorgan Chase & Co. cut their price objective on shares of Domino’s Pizza from $450.00 to $440.00 and set an “overweight” rating for the company in a report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Domino’s Pizza from $480.00 to $435.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $418.13.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.