Allspring Global Investments Holdings LLC Reduces Holdings in Domino's Pizza Inc (NASDAQ:DPZ)

Allspring Global Investments Holdings LLC cut its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 89.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,485 shares of the restaurant operator's stock after selling 29,036 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Domino's Pizza were worth $1,622,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DPZ. Lafayette Investments Inc. increased its stake in shares of Domino's Pizza by 10.9% in the first quarter. Lafayette Investments Inc. now owns 905 shares of the restaurant operator's stock worth $416,000 after buying an additional 89 shares during the period. Achmea Investment Management B.V. boosted its stake in Domino's Pizza by 27.6% in the 1st quarter. Achmea Investment Management B.V. now owns 15,154 shares of the restaurant operator's stock worth $6,963,000 after purchasing an additional 3,281 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in Domino's Pizza by 27.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 25,025 shares of the restaurant operator's stock worth $11,498,000 after purchasing an additional 5,410 shares in the last quarter. KG&L Capital Management LLC boosted its stake in Domino's Pizza by 15.5% in the 1st quarter. KG&L Capital Management LLC now owns 1,992 shares of the restaurant operator's stock worth $915,000 after purchasing an additional 267 shares in the last quarter. Finally, AMI Asset Management Corp raised its position in Domino's Pizza by 69.8% in the 1st quarter. AMI Asset Management Corp now owns 2,364 shares of the restaurant operator's stock worth $1,086,000 after buying an additional 972 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DPZ shares. BTIG Research set a $530.00 target price on Domino's Pizza and gave the stock a "buy" rating in a research report on Monday, April 28th. Bank of America increased their target price on shares of Domino's Pizza from $520.00 to $549.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Loop Capital increased their target price on shares of Domino's Pizza from $555.00 to $564.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Citigroup increased their target price on shares of Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Finally, Guggenheim reissued a "neutral" rating on shares of Domino's Pizza in a report on Thursday, May 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $487.17.

Domino's Pizza Trading Up 1.4%

NASDAQ:DPZ traded up $6.21 during midday trading on Tuesday, hitting $459.43. 600,527 shares of the company traded hands, compared to its average volume of 642,186. The firm's fifty day moving average is $469.03 and its 200-day moving average is $458.26. Domino's Pizza Inc has a 12-month low of $396.06 and a 12-month high of $509.09. The firm has a market capitalization of $15.73 billion, a P/E ratio of 26.34, a P/E/G ratio of 2.57 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $0.21. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm posted $3.58 earnings per share. The business's revenue was up 2.5% compared to the same quarter last year. On average, research analysts expect that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $1.74 dividend. The ex-dividend date was Friday, June 13th. This represents a $6.96 annualized dividend and a dividend yield of 1.51%. Domino's Pizza's payout ratio is currently 39.91%.

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.