Walker Asset Management LLC Makes New Investment in Domino’s Pizza, Inc. (NYSE:DPZ)

Walker Asset Management LLC acquired a new position in shares of Domino’s Pizza, Inc. (NYSE:DPZGet Rating) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 660 shares of the restaurant operator’s stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DPZ. Concorde Asset Management LLC grew its position in Domino’s Pizza by 3.1% in the 4th quarter. Concorde Asset Management LLC now owns 1,058 shares of the restaurant operator’s stock valued at $597,000 after buying an additional 32 shares in the last quarter. Roundview Capital LLC grew its position in Domino’s Pizza by 2.6% in the 4th quarter. Roundview Capital LLC now owns 1,346 shares of the restaurant operator’s stock valued at $760,000 after buying an additional 34 shares in the last quarter. Allworth Financial LP grew its position in Domino’s Pizza by 512.5% in the 4th quarter. Allworth Financial LP now owns 49 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 41 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in Domino’s Pizza by 9.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 500 shares of the restaurant operator’s stock valued at $282,000 after buying an additional 43 shares in the last quarter. Finally, Bennett Selby Investments LP grew its position in Domino’s Pizza by 0.3% in the 1st quarter. Bennett Selby Investments LP now owns 15,057 shares of the restaurant operator’s stock valued at $6,129,000 after buying an additional 44 shares in the last quarter. 92.84% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Cynthia A. Headen sold 137 shares of the firm’s stock in a transaction on Monday, April 4th. The stock was sold at an average price of $397.00, for a total value of $54,389.00. Following the completion of the sale, the executive vice president now directly owns 3,362 shares in the company, valued at $1,334,714. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.12% of the company’s stock.

DPZ stock traded down $1.28 during midday trading on Thursday, hitting $388.48. 2,542 shares of the company traded hands, compared to its average volume of 456,676. Domino’s Pizza, Inc. has a twelve month low of $321.15 and a twelve month high of $567.57. The business has a 50 day simple moving average of $363.22 and a 200-day simple moving average of $422.56. The stock has a market capitalization of $14.00 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 2.61 and a beta of 0.70.

Domino’s Pizza (NYSE:DPZGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The restaurant operator reported $2.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.57). The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. Domino’s Pizza had a negative return on equity of 11.66% and a net margin of 11.03%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.00 EPS. Research analysts anticipate that Domino’s Pizza, Inc. will post 12.68 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be given a $1.10 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $4.40 annualized dividend and a yield of 1.13%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 33.72%.

A number of equities research analysts have weighed in on DPZ shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Domino’s Pizza from $440.00 to $380.00 in a report on Friday, April 29th. Guggenheim cut their price target on shares of Domino’s Pizza from $445.00 to $370.00 in a report on Friday, May 6th. Barclays cut their price target on shares of Domino’s Pizza from $355.00 to $326.00 and set an “overweight” rating for the company in a report on Thursday, June 9th. JPMorgan Chase & Co. cut their price target on shares of Domino’s Pizza from $430.00 to $400.00 in a report on Friday, April 29th. Finally, Bank of America cut their price target on shares of Domino’s Pizza from $642.00 to $550.00 and set a “buy” rating for the company in a report on Wednesday, March 2nd. Twenty-one analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Hold” and a consensus price target of $438.54.

Domino’s Pizza Profile (Get Rating)

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through 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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Institutional Ownership by Quarter for Domino's Pizza (NYSE:DPZ)

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