Domino’s Pizza Inc $DPZ Shares Sold by Rathbones Group PLC

Rathbones Group PLC lowered its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 20.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 485 shares of the restaurant operator’s stock after selling 125 shares during the quarter. Rathbones Group PLC’s holdings in Domino’s Pizza were worth $219,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. RMG Wealth Management LLC purchased a new position in shares of Domino’s Pizza during the 2nd quarter valued at approximately $25,000. LRI Investments LLC acquired a new stake in Domino’s Pizza during the first quarter worth about $27,000. Zions Bancorporation National Association UT bought a new stake in shares of Domino’s Pizza in the 1st quarter worth approximately $27,000. Signature Resources Capital Management LLC bought a new position in shares of Domino’s Pizza during the second quarter worth about $29,000. Finally, Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Domino’s Pizza in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DPZ shares. Bank of America upped their price target on shares of Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada reduced their target price on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating for the company in a report on Wednesday, October 15th. Weiss Ratings cut Domino’s Pizza from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Guggenheim increased their price objective on Domino’s Pizza from $485.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. Finally, Morgan Stanley boosted their target price on Domino’s Pizza from $520.00 to $535.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $490.32.

Insider Activity at Domino’s Pizza

In other 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 sale, the director owned 3,384 shares of the company’s stock, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.83% of the company’s stock.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $409.23 on Wednesday. The stock’s 50-day moving average is $425.40 and its two-hundred day moving average is $451.05. The firm has a market cap of $13.83 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 2.15 and a beta of 1.09. Domino’s Pizza Inc has a fifty-two week low of $392.89 and a fifty-two week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm posted $4.19 EPS. The company’s revenue was up 6.2% on a year-over-year basis. On average, equities analysts expect that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Announces Dividend

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

Domino’s Pizza 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.