D.A. Davidson & CO. Increases Stock Holdings in Domino’s Pizza Inc $DPZ

D.A. Davidson & CO. boosted its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 32.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,945 shares of the restaurant operator’s stock after acquiring an additional 1,960 shares during the quarter. D.A. Davidson & CO.’s holdings in Domino’s Pizza were worth $3,580,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alpine Bank Wealth Management purchased a new position in Domino’s Pizza during the 1st quarter valued at about $25,000. RMG Wealth Management LLC purchased a new position in Domino’s Pizza during the 2nd quarter valued at about $25,000. LRI Investments LLC purchased a new position in Domino’s Pizza during the 1st quarter valued at about $27,000. Zions Bancorporation National Association UT purchased a new position in shares of Domino’s Pizza in the 1st quarter valued at about $27,000. Finally, Signature Resources Capital Management LLC purchased a new position in shares of Domino’s Pizza in the 2nd quarter valued at about $29,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DPZ. TD Cowen reiterated a “buy” rating and issued a $510.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, October 14th. Benchmark lifted 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. Jefferies Financial Group decreased their price objective on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a research note on Monday, October 13th. BTIG Research reiterated a “buy” rating and issued a $530.00 price objective on shares of Domino’s Pizza in a research note on Wednesday, October 15th. Finally, Barclays decreased their price objective on Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating for the company in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $489.92.

Insider Buying and Selling

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of Domino’s Pizza stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the transaction, the director owned 3,384 shares of the company’s stock, valued at $1,527,842.16. The trade was a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.83% of the stock is currently owned by company insiders.

Domino’s Pizza Stock Down 1.6%

DPZ stock opened at $414.86 on Friday. The business has a 50 day moving average price of $436.64 and a 200 day moving average price of $456.50. The stock has a market cap of $14.02 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 2.23 and a beta of 1.12. Domino’s Pizza Inc has a fifty-two week low of $397.12 and a fifty-two week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last posted 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 firm 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 firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.19 earnings per share. As a group, sell-side analysts anticipate that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders 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 payout ratio is 40.68%.

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.