Skandinaviska Enskilda Banken AB publ Trims Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ)
Skandinaviska Enskilda Banken AB publ trimmed its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 1.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,550 shares of the restaurant operator’s stock after selling 121 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Domino’s Pizza were worth $2,447,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Archer Investment Corp purchased a new position in shares of Domino’s Pizza during the fourth quarter valued at approximately $33,000. Parallel Advisors LLC boosted its holdings in shares of Domino’s Pizza by 49.5% in the 1st quarter. Parallel Advisors LLC now owns 148 shares of the restaurant operator’s stock valued at $47,000 after purchasing an additional 49 shares during the last quarter. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Domino’s Pizza during the 4th quarter valued at $46,000. Allred Capital Management LLC increased its holdings in shares of Domino’s Pizza by 26.6% during the 1st quarter. Allred Capital Management LLC now owns 157 shares of the restaurant operator’s stock worth $51,000 after buying an additional 33 shares during the last quarter. Finally, Atticus Wealth Management LLC purchased a new position in shares of Domino’s Pizza in the 1st quarter worth $64,000. Hedge funds and other institutional investors own 91.36% of the company’s stock.
A number of equities research analysts have issued reports on DPZ shares. Wolfe Research initiated coverage on Domino’s Pizza in a research report on Friday, April 17th. They set an “outperform” rating and a $415.00 price target for the company. Northcoast Research raised shares of Domino’s Pizza from a “neutral” rating to a “buy” rating and set a $444.00 target price for the company in a research report on Friday, May 29th. Stifel Nicolaus lifted their price target on shares of Domino’s Pizza from $350.00 to $360.00 and gave the company a “hold” rating in a research report on Wednesday, May 27th. Bank of America raised their price objective on Domino’s Pizza from $370.00 to $405.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Credit Suisse Group upped their target price on Domino’s Pizza from $400.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Twelve equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $378.33.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, April 23rd. The restaurant operator reported $3.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.75. Domino’s Pizza had a negative return on equity of 13.60% and a net margin of 11.75%. The firm had revenue of $873.10 million for the quarter, compared to the consensus estimate of $869.66 million. During the same quarter in the previous year, the company earned $2.20 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, sell-side analysts expect that Domino’s Pizza, Inc. will post 11.32 EPS for the current year.
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 issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, June 12th. Domino’s Pizza’s dividend payout ratio is currently 32.60%.
In other Domino’s Pizza news, EVP John Kevin Vasconi sold 4,675 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $370.60, for a total value of $1,732,555.00. Following the completion of the sale, the executive vice president now owns 8,489 shares of the company’s stock, valued at $3,146,023.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Russell J. Weiner sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $385.00, for a total value of $1,925,000.00. The disclosure for this sale can be found here. Insiders have sold 9,732 shares of company stock worth $3,680,070 over the last ninety days. 1.74% of the stock is currently owned by insiders.
Domino’s Pizza Company Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in 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.
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