Greenwood Capital Associates LLC Reduces Position in Domino’s Pizza Inc $DPZ

Greenwood Capital Associates LLC lessened its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 12.8% during the 2nd quarter, Holdings Channel reports. The firm owned 1,831 shares of the restaurant operator’s stock after selling 268 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Domino’s Pizza were worth $825,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of DPZ. Alpine Bank Wealth Management purchased a new stake in Domino’s Pizza during the 1st quarter worth approximately $25,000. LRI Investments LLC purchased a new stake in Domino’s Pizza during the 1st quarter worth approximately $27,000. Zions Bancorporation National Association UT acquired a new stake in Domino’s Pizza during the 1st quarter valued at approximately $27,000. Signature Resources Capital Management LLC purchased a new stake in shares of Domino’s Pizza in the 2nd quarter valued at $29,000. Finally, SVB Wealth LLC purchased a new stake in shares of Domino’s Pizza in the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analysts Set New Price Targets

DPZ has been the topic of several recent research reports. Loop Capital upped their price objective on shares of Domino’s Pizza from $564.00 to $574.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Royal Bank Of Canada downgraded shares of Domino’s Pizza from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $550.00 to $500.00 in a report on Tuesday, July 29th. UBS Group reaffirmed a “buy” rating and issued a $540.00 price objective on shares of Domino’s Pizza in a report on Tuesday, July 22nd. Citigroup dropped their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Guggenheim upped their price objective on shares of Domino’s Pizza from $485.00 to $490.00 and gave the company a “neutral” rating in a report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $490.04.

Domino’s Pizza Price Performance

DPZ opened at $426.71 on Friday. The firm has a fifty day moving average price of $448.20 and a 200 day moving average price of $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 cap of $14.49 billion, a P/E ratio of 24.78, a P/E/G ratio of 2.36 and a beta of 1.12.

Domino’s Pizza (NASDAQ:DPZ) last posted 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 company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.03 earnings per share. Equities analysts expect that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $1.74 per share. The ex-dividend date 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 currently 40.42%.

Insider Activity at Domino’s Pizza

In other news, Director James A. Goldman sold 1,000 shares of the stock in a transaction dated 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 sale, the director directly owned 3,384 shares in the company, valued at $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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.