Annex Advisory Services LLC Increases Stock Holdings in Domino's Pizza Inc $DPZ

Key Points

• Annex Advisory Services LLC increased its holdings in Domino's Pizza by 16.5%, now owning approximately 52,128 shares valued at $23.49 million.
• Domino's Pizza reported $3.81 EPS for the last quarter, falling short of analysts' expectations, but showed a 4.3% revenue increase year-over-year.
• The company declared a quarterly dividend of $1.74, which represents a yield of 1.6% and will be paid on September 30th.

Annex Advisory Services LLC increased its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 16.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,128 shares of the restaurant operator's stock after acquiring an additional 7,382 shares during the quarter. Annex Advisory Services LLC owned about 0.15% of Domino's Pizza worth $23,489,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wood Tarver Financial Group LLC acquired a new stake in shares of Domino's Pizza in the 4th quarter valued at approximately $25,000. Alpine Bank Wealth Management acquired a new stake in Domino's Pizza in the 1st quarter valued at $25,000. LRI Investments LLC acquired a new position in shares of Domino's Pizza during the 1st quarter worth approximately $27,000. Zions Bancorporation National Association UT acquired a new position in shares of Domino's Pizza during the 1st quarter worth about $27,000. Finally, SVB Wealth LLC acquired a new position in Domino's Pizza during the first quarter worth approximately $36,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DPZ shares. Royal Bank Of Canada lowered shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $550.00 to $500.00 in a research report on Tuesday, July 29th. Guggenheim lifted their price target on Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a research note on Wednesday, August 27th. Sanford C. Bernstein lifted their price objective on Domino's Pizza from $460.00 to $490.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 22nd. Loop Capital boosted their price target on Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Finally, UBS Group reaffirmed a "buy" rating and set a $540.00 price target on shares of Domino's Pizza in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Domino's Pizza currently has a consensus rating of "Moderate Buy" and an average price target of $490.78.

Domino's Pizza Stock Down 0.9%

DPZ traded down $3.75 during trading hours on Monday, hitting $424.96. The stock had a trading volume of 1,033,226 shares, compared to its average volume of 647,304. Domino's Pizza Inc has a 1 year low of $397.12 and a 1 year high of $500.55. The stock has a market cap of $14.43 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 2.35 and a beta of 1.09. The company's fifty day simple moving average is $456.93 and its 200 day simple moving average is $462.01.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing the consensus estimate of $3.93 by ($0.12). Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter last year, the firm posted $4.03 earnings per share. Domino's Pizza's revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities analysts expect that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, September 15th. Domino's Pizza's dividend payout ratio is presently 40.42%.

Insiders Place Their Bets

In related news, Director James A. Goldman sold 1,000 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the sale, the director directly owned 3,384 shares in the company, valued at $1,527,842.16. This represents a 22.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.83% of the stock is owned by corporate insiders.

About Domino's Pizza

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.