Bank of Nova Scotia Sells 11,205 Shares of Domino's Pizza Inc (NASDAQ:DPZ)

Bank of Nova Scotia reduced its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 75.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,611 shares of the restaurant operator's stock after selling 11,205 shares during the quarter. Bank of Nova Scotia's holdings in Domino's Pizza were worth $1,658,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in DPZ. Wood Tarver Financial Group LLC purchased 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 position in Domino's Pizza in the 1st quarter worth about $25,000. LRI Investments LLC acquired a new position in shares of Domino's Pizza during the 1st quarter worth $27,000. Covestor Ltd increased its position in Domino's Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock worth $34,000 after buying an additional 49 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new position in shares of Domino's Pizza in the 4th quarter valued at approximately $53,000. 94.63% of the stock is currently owned by institutional investors.

Domino's Pizza Price Performance

Shares of Domino's Pizza stock traded down $2.38 during trading on Friday, hitting $440.04. 469,064 shares of the company were exchanged, compared to its average volume of 648,064. The firm has a market capitalization of $14.94 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 2.43 and a beta of 1.09. The firm's fifty day moving average price is $461.06 and its 200 day moving average price is $464.83. Domino's Pizza Inc has a 1-year low of $396.06 and a 1-year high of $500.55.

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

Domino's Pizza Announces Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on DPZ shares. Hsbc Global Res upgraded Domino's Pizza to a "strong-buy" rating in a research note on Tuesday, April 22nd. Melius assumed coverage on Domino's Pizza in a research note on Monday, July 14th. They issued a "hold" rating and a $500.00 price objective on the stock. Royal Bank Of Canada downgraded shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $550.00 to $500.00 in a report on Tuesday, July 29th. UBS Group restated a "buy" rating and set a $540.00 price target on shares of Domino's Pizza in a research report on Tuesday, July 22nd. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Domino's Pizza in a report on Thursday, May 15th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Domino's Pizza has an average rating of "Moderate Buy" and a consensus price target of $489.67.

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.