Vaughan Nelson Investment Management L.P. Cuts Position in Domino’s Pizza Inc $DPZ

Vaughan Nelson Investment Management L.P. lessened its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 16.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,075 shares of the restaurant operator’s stock after selling 13,545 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Domino’s Pizza were worth $32,026,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. 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 stake in shares of Domino’s Pizza by 0.4% in the 1st quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator’s stock worth $2,403,000 after buying an additional 21 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of Domino’s Pizza by 0.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 4,162 shares of the restaurant operator’s stock worth $1,912,000 after buying an additional 21 shares during the last quarter. Compound Planning Inc. boosted 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 buying an additional 22 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Domino’s Pizza by 16.0% in the 1st 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.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DPZ. Barclays upped their price objective on Domino’s Pizza from $420.00 to $425.00 and gave the company an “underweight” rating in a research note on Monday, July 21st. Loop Capital upped their price objective on Domino’s Pizza from $564.00 to $574.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Benchmark upped their price objective on Domino’s Pizza from $535.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Redburn Atlantic began coverage on Domino’s Pizza in a research note on Tuesday, June 10th. They issued a “sell” rating and a $340.00 price objective on the stock. Finally, Citigroup dropped their price objective on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $490.04.

Insider Buying and Selling at Domino’s Pizza

In other news, Director James A. Goldman sold 1,000 shares of the company’s 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 transaction, the director owned 3,384 shares of the company’s stock, valued at approximately $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.83% of the company’s stock.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $426.71 on Friday. The company’s fifty day simple moving average is $448.20 and its two-hundred day simple moving average is $460.79. Domino’s Pizza Inc has a 1 year low of $397.12 and a 1 year high of $500.55. The stock has a market capitalization of $14.49 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 2.36 and a beta of 1.12.

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

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued 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 payout ratio is presently 40.42%.

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.