Brookstone Capital Management Sells 276 Shares of Domino’s Pizza Inc $DPZ

Brookstone Capital Management cut its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 4.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,325 shares of the restaurant operator’s stock after selling 276 shares during the quarter. Brookstone Capital Management’s holdings in Domino’s Pizza were worth $2,399,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DPZ. Alpine Bank Wealth Management bought a new position in Domino’s Pizza during the first quarter worth $25,000. RMG Wealth Management LLC bought a new position in Domino’s Pizza during the second quarter worth $25,000. LRI Investments LLC bought a new position in Domino’s Pizza during the first quarter worth $27,000. Zions Bancorporation National Association UT bought a new position in Domino’s Pizza during the first quarter worth $27,000. Finally, Signature Resources Capital Management LLC bought a new position in Domino’s Pizza during the second quarter worth $29,000. 94.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director James A. Goldman sold 1,000 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the sale, the director owned 3,384 shares of the company’s stock, valued at $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 is available through the SEC website. 0.83% of the stock is owned by corporate insiders.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $414.86 on Friday. The firm has a 50-day moving average of $436.64 and a 200-day moving average of $456.50. The stock has a market cap of $14.02 billion, a PE ratio of 24.25, a PEG ratio of 2.23 and a beta of 1.12. Domino’s Pizza Inc has a 52-week low of $397.12 and a 52-week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data 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. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the business posted $4.19 earnings per share. Domino’s Pizza’s revenue was up 6.2% compared to the same quarter last year. Equities research analysts predict that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on DPZ. Royal Bank Of Canada reduced their price objective on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 15th. Piper Sandler reduced their price objective on shares of Domino’s Pizza from $477.00 to $443.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Wells Fargo & Company reduced their price objective on shares of Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 8th. Loop Capital boosted their target price on shares of Domino’s Pizza from $564.00 to $574.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Finally, Melius began coverage on shares of Domino’s Pizza in a research report on Monday, July 14th. They issued a “hold” rating and a $500.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Domino’s Pizza has an average rating of “Hold” and a consensus target price of $489.92.

About Domino’s Pizza

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.