Alpine Woods Capital Investors LLC reduced its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 51.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,847 shares of the restaurant operator's stock after selling 3,000 shares during the period. Alpine Woods Capital Investors LLC's holdings in Domino's Pizza were worth $1,308,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in Domino's Pizza by 97.6% during the 4th quarter. Jones Financial Companies Lllp now owns 990 shares of the restaurant operator's stock worth $415,000 after purchasing an additional 489 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Domino's Pizza in the 4th quarter valued at $15,724,000. Raymond James Financial Inc. bought a new stake in shares of Domino's Pizza in the 4th quarter valued at $32,592,000. Daiwa Securities Group Inc. increased its stake in shares of Domino's Pizza by 9.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 5,188 shares of the restaurant operator's stock valued at $2,177,000 after acquiring an additional 431 shares in the last quarter. Finally, Independent Advisor Alliance increased its stake in shares of Domino's Pizza by 30.1% in the 4th quarter. Independent Advisor Alliance now owns 825 shares of the restaurant operator's stock valued at $346,000 after acquiring an additional 191 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
DPZ has been the subject of a number of recent research reports. BTIG Research set a $530.00 price target on shares of Domino's Pizza and gave the company a "buy" rating in a research note on Monday, April 28th. BMO Capital Markets boosted their price target on shares of Domino's Pizza from $515.00 to $540.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Morgan Stanley lifted their price objective on shares of Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a report on Thursday. Barclays cut their price objective on shares of Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. Finally, Argus reaffirmed a "hold" rating and set a $490.00 price objective on shares of Domino's Pizza in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $487.33.
View Our Latest Report on DPZ
Domino's Pizza Trading Down 1.2%
Shares of Domino's Pizza stock traded down $5.44 on Friday, reaching $464.48. The stock had a trading volume of 421,654 shares, compared to its average volume of 640,638. Domino's Pizza Inc has a 1 year low of $396.06 and a 1 year high of $500.55. The company has a market cap of $15.90 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. The business's 50 day moving average is $467.18 and its two-hundred day moving average is $459.03.
Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, beating analysts' consensus estimates of $4.12 by $0.21. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Domino's Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. Domino's Pizza's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm posted $3.58 earnings per share. On average, equities analysts anticipate that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.
Domino's Pizza Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Friday, June 13th. Domino's Pizza's dividend payout ratio is currently 39.91%.
Domino's Pizza Profile
(
Free Report)
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.
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