Commerce Bank Decreases Stake in Domino's Pizza Inc (NASDAQ:DPZ)

Key Points

• Commerce Bank has decreased its stake in Domino's Pizza Inc by 8.3%, now holding 7,992 shares worth approximately $3.67 million.
• Domino's Pizza reported a quarterly EPS of $3.81, missing analysts' expectations of $3.93, but its revenue rose by 4.3% year-over-year.
• The company declared a quarterly dividend of $1.74 per share, with a dividend yield of 1.5%, set to be paid on September 30th.

Commerce Bank lowered its position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 8.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,992 shares of the restaurant operator's stock after selling 726 shares during the quarter. Commerce Bank's holdings in Domino's Pizza were worth $3,672,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DPZ. Alliancebernstein L.P. lifted its stake in Domino's Pizza by 7.3% in the fourth quarter. Alliancebernstein L.P. now owns 42,832 shares of the restaurant operator's stock worth $17,979,000 after acquiring an additional 2,918 shares during the last quarter. Trexquant Investment LP purchased a new position in Domino's Pizza in the fourth quarter worth approximately $2,061,000. Huntington National Bank lifted its stake in Domino's Pizza by 7.5% in the fourth quarter. Huntington National Bank now owns 475 shares of the restaurant operator's stock worth $199,000 after acquiring an additional 33 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Domino's Pizza by 2.4% in the fourth quarter. Wells Fargo & Company MN now owns 138,979 shares of the restaurant operator's stock worth $58,338,000 after acquiring an additional 3,273 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of Domino's Pizza during the 4th quarter worth approximately $10,632,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Performance

Shares of Domino's Pizza stock opened at $466.17 on Monday. The company has a market cap of $15.83 billion, a P/E ratio of 27.07, a PEG ratio of 2.56 and a beta of 1.09. Domino's Pizza Inc has a one year low of $396.06 and a one year high of $500.55. The firm has a fifty day moving average of $463.49 and a two-hundred day moving average of $464.71.

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

Domino's Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid 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 1.5%. Domino's Pizza's dividend payout ratio is 40.42%.

Analysts Set New Price Targets

DPZ has been the subject of several recent analyst reports. Bank of America boosted their price objective on shares of Domino's Pizza from $520.00 to $549.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. TD Securities restated a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a research report on Monday, April 28th. Loop Capital boosted their price objective on shares of Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company boosted their price objective on shares of Domino's Pizza from $465.00 to $490.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 22nd. Finally, Barclays boosted their price objective on shares of Domino's Pizza from $420.00 to $425.00 and gave the stock an "underweight" rating in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Domino's Pizza has an average rating of "Moderate Buy" and an average target price of $489.67.

Domino's Pizza 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.

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