Spinnaker Trust Has $427,000 Stock Holdings in Domino’s Pizza Inc $DPZ

Spinnaker Trust trimmed its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 13.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 948 shares of the restaurant operator’s stock after selling 147 shares during the period. Spinnaker Trust’s holdings in Domino’s Pizza were worth $427,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DPZ. GAMMA Investing LLC raised its position in shares of Domino’s Pizza by 17.2% during the first quarter. GAMMA Investing LLC now owns 566 shares of the restaurant operator’s stock worth $260,000 after purchasing an additional 83 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in Domino’s Pizza by 3.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 80,546 shares of the restaurant operator’s stock valued at $37,007,000 after purchasing an additional 2,391 shares in the last quarter. Amalgamated Bank raised its holdings in Domino’s Pizza by 1.1% during the first quarter. Amalgamated Bank now owns 6,924 shares of the restaurant operator’s stock worth $3,181,000 after buying an additional 75 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Domino’s Pizza by 2.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,968 shares of the restaurant operator’s stock worth $1,823,000 after buying an additional 95 shares during the last quarter. Finally, Baskin Financial Services Inc. lifted its stake in shares of Domino’s Pizza by 0.9% in the first quarter. Baskin Financial Services Inc. now owns 79,222 shares of the restaurant operator’s stock valued at $36,399,000 after buying an additional 669 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Insider Buying and Selling at Domino’s Pizza

In other news, Director James A. Goldman sold 1,000 shares of the stock in a transaction that occurred on 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 transaction, the director directly owned 3,384 shares of the company’s stock, valued at $1,527,842.16. This represents a 22.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DPZ. Guggenheim boosted their target price on shares of Domino’s Pizza from $485.00 to $490.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 27th. Wells Fargo & Company cut their price target on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 8th. Melius started coverage on Domino’s Pizza in a research note on Monday, July 14th. They issued a “hold” rating and a $500.00 price objective for the company. Weiss Ratings lowered Domino’s Pizza from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Finally, Piper Sandler cut their target price on Domino’s Pizza from $477.00 to $443.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $490.32.

Domino’s Pizza Trading Down 0.5%

Shares of Domino’s Pizza stock opened at $403.96 on Friday. The business’s fifty day simple moving average is $433.61 and its 200 day simple moving average is $455.33. Domino’s Pizza Inc has a 12 month low of $397.12 and a 12 month high of $500.55. The firm has a market capitalization of $13.65 billion, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 2.15 and a beta of 1.12.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.12. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates 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 was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $4.19 EPS. Analysts predict that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

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