GPS Wealth Strategies Group LLC grew its holdings in Domino's Pizza, Inc. (NYSE:DPZ – Get Rating) by 1,300.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84 shares of the restaurant operator's stock after purchasing an additional 78 shares during the quarter. GPS Wealth Strategies Group LLC's holdings in Domino's Pizza were worth $33,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of DPZ. Blair William & Co. IL acquired a new stake in Domino's Pizza during the fourth quarter worth approximately $210,000. LPL Financial LLC boosted its position in Domino's Pizza by 8.5% during the fourth quarter. LPL Financial LLC now owns 16,008 shares of the restaurant operator's stock worth $9,034,000 after acquiring an additional 1,255 shares during the last quarter. Eaton Vance Management boosted its position in Domino's Pizza by 2.8% during the fourth quarter. Eaton Vance Management now owns 100,729 shares of the restaurant operator's stock worth $55,709,000 after acquiring an additional 2,755 shares during the last quarter. Wetherby Asset Management Inc. acquired a new stake in Domino's Pizza during the fourth quarter worth approximately $207,000. Finally, 2Xideas AG boosted its position in Domino's Pizza by 7.3% during the fourth quarter. 2Xideas AG now owns 25,561 shares of the restaurant operator's stock worth $14,425,000 after acquiring an additional 1,746 shares during the last quarter. 96.44% of the stock is currently owned by institutional investors and hedge funds.
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Analyst Ratings Changes
A number of brokerages recently issued reports on DPZ. Bank of America decreased their target price on shares of Domino's Pizza from $512.00 to $490.00 and set a "buy" rating on the stock in a research report on Friday, July 22nd. Stifel Nicolaus lifted their price target on shares of Domino's Pizza from $345.00 to $400.00 in a report on Monday, July 18th. Stephens initiated coverage on shares of Domino's Pizza in a report on Thursday, September 22nd. They issued an "equal weight" rating and a $368.00 price target on the stock. Oppenheimer lifted their price target on shares of Domino's Pizza from $435.00 to $445.00 in a report on Friday, July 22nd. Finally, Cowen decreased their price target on shares of Domino's Pizza from $410.00 to $362.00 and set a "market perform" rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $429.32.
Domino's Pizza Price Performance
Domino's Pizza stock opened at $316.35 on Friday. Domino's Pizza, Inc. has a 12-month low of $310.99 and a 12-month high of $567.57. The company has a market capitalization of $11.35 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 2.26 and a beta of 0.61. The firm's fifty day moving average price is $374.30 and its 200 day moving average price is $378.19.
Domino's Pizza (NYSE:DPZ – Get Rating) last released its quarterly earnings results on Thursday, July 21st. The restaurant operator reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.88 by ($0.06). Domino's Pizza had a negative return on equity of 11.24% and a net margin of 10.63%. The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.05 billion. During the same period last year, the firm earned $3.12 EPS. The business's quarterly revenue was up 3.2% on a year-over-year basis. Analysts forecast that Domino's Pizza, Inc. will post 12.57 earnings per share for the current fiscal year.
Domino's Pizza Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.39%. The ex-dividend date is Wednesday, September 14th. Domino's Pizza's dividend payout ratio (DPR) is 34.35%.
Insider Buying and Selling
In related news, EVP Cynthia A. Headen sold 103 shares of Domino's Pizza stock in a transaction on Monday, July 18th. The shares were sold at an average price of $409.26, for a total transaction of $42,153.78. Following the sale, the executive vice president now owns 3,090 shares of the company's stock, valued at approximately $1,264,613.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Domino's Pizza news, EVP Cynthia A. Headen sold 65 shares of the firm's stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $396.75, for a total transaction of $25,788.75. Following the completion of the transaction, the executive vice president now directly owns 3,270 shares of the company's stock, valued at approximately $1,297,372.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Cynthia A. Headen sold 103 shares of the firm's stock in a transaction on Monday, July 18th. The stock was sold at an average price of $409.26, for a total transaction of $42,153.78. Following the transaction, the executive vice president now directly owns 3,090 shares of the company's stock, valued at $1,264,613.40. The disclosure for this sale can be found here. Insiders have sold 4,190 shares of company stock valued at $1,625,744 in the last quarter. Company insiders own 1.12% of the company's stock.
Domino's Pizza Profile
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Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
Further Reading
- Get a free copy of the StockNews.com research report on Domino's Pizza (DPZ)
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