Blue Trust Inc. Sells 38 Shares of Domino’s Pizza Inc $DPZ

Blue Trust Inc. lowered its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 20.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 147 shares of the restaurant operator’s stock after selling 38 shares during the quarter. Blue Trust Inc.’s holdings in Domino’s Pizza were worth $66,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DPZ. Alpine Bank Wealth Management bought a new position in shares of Domino’s Pizza during the 1st quarter valued at approximately $25,000. RMG Wealth Management LLC bought a new position in shares of Domino’s Pizza during the 2nd quarter valued at approximately $25,000. LRI Investments LLC bought a new position in shares of Domino’s Pizza during the 1st quarter valued at approximately $27,000. Zions Bancorporation National Association UT bought a new position in shares of Domino’s Pizza during the 1st quarter valued at approximately $27,000. Finally, Signature Resources Capital Management LLC purchased a new position in Domino’s Pizza during the 2nd quarter valued at $29,000. Institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

DPZ has been the subject of a number of recent analyst reports. Sanford C. Bernstein boosted their price objective on Domino’s Pizza from $460.00 to $490.00 and gave the company a “market perform” rating in a report on Tuesday, July 22nd. Benchmark boosted their price objective on Domino’s Pizza from $535.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Piper Sandler dropped their price objective on Domino’s Pizza from $477.00 to $443.00 and set a “neutral” rating for the company in a report on Friday, October 10th. UBS Group restated a “buy” rating and set a $540.00 price objective on shares of Domino’s Pizza in a report on Tuesday, July 22nd. Finally, Melius initiated coverage on Domino’s Pizza in a report on Monday, July 14th. They set a “hold” rating and a $500.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $489.92.

Domino’s Pizza Trading Down 0.2%

Shares of DPZ stock opened at $416.26 on Friday. Domino’s Pizza Inc has a twelve month low of $397.12 and a twelve month high of $500.55. The stock has a market capitalization of $14.07 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 2.20 and a beta of 1.12. The stock has a fifty day simple moving average of $439.25 and a two-hundred day simple moving average of $457.46.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.12. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $4.19 EPS. Research analysts predict that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be given a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, December 15th. Domino’s Pizza’s payout ratio is presently 40.68%.

Insider Activity at Domino’s Pizza

In other news, Director James A. Goldman sold 1,000 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the transaction, the director directly owned 3,384 shares of the company’s stock, valued at approximately $1,527,842.16. The trade was a 22.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.83% of the company’s stock.

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.