Domino's Pizza Inc $DPZ Shares Sold by Narwhal Capital Management

Key Points

• Narwhal Capital Management has reduced its holdings in Domino's Pizza by 12.2% during the 2nd quarter, leaving them with 7,687 shares valued at approximately $3.46 million.
• Domino's reported a quarterly earnings miss with $3.81 EPS, falling short of analysts' expectations of $3.93 EPS, despite revenue of $1.15 billion exceeding estimates.
• Analysts have mixed ratings on Domino's, with a consensus target price of $491.32 and various price targets from $405.00 to $540.00.

Narwhal Capital Management reduced its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 12.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,687 shares of the restaurant operator's stock after selling 1,066 shares during the period. Narwhal Capital Management's holdings in Domino's Pizza were worth $3,464,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DPZ. Portside Wealth Group LLC grew its holdings in Domino's Pizza by 17.2% in the first quarter. Portside Wealth Group LLC now owns 879 shares of the restaurant operator's stock valued at $404,000 after purchasing an additional 129 shares during the period. Farther Finance Advisors LLC grew its holdings in Domino's Pizza by 219.0% in the first quarter. Farther Finance Advisors LLC now owns 1,174 shares of the restaurant operator's stock valued at $547,000 after purchasing an additional 806 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Domino's Pizza by 5.4% in the first quarter. Harbor Capital Advisors Inc. now owns 4,252 shares of the restaurant operator's stock valued at $1,954,000 after purchasing an additional 217 shares during the period. GAMMA Investing LLC grew its holdings in Domino's Pizza by 17.2% in the first quarter. GAMMA Investing LLC now owns 566 shares of the restaurant operator's stock valued at $260,000 after purchasing an additional 83 shares during the period. Finally, Avanza Fonder AB grew its holdings in Domino's Pizza by 39.1% in the first quarter. Avanza Fonder AB now owns 3,135 shares of the restaurant operator's stock valued at $1,468,000 after purchasing an additional 882 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the transaction, the director owned 3,384 shares of the company's stock, valued at approximately $1,527,842.16. The trade was a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.83% of the company's stock.

Domino's Pizza Stock Performance

NASDAQ DPZ opened at $413.50 on Thursday. The stock's fifty day moving average is $444.76 and its two-hundred day moving average is $459.82. The firm has a market capitalization of $14.04 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 2.25 and a beta of 1.12. Domino's Pizza Inc has a fifty-two week low of $397.12 and a fifty-two week high of $500.55.

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

Domino's Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $1.74 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.7%. Domino's Pizza's payout ratio is 40.42%.

Wall Street Analyst Weigh In

Several analysts have commented on DPZ shares. UBS Group reissued a "buy" rating and issued a $540.00 price objective on shares of Domino's Pizza in a report on Tuesday, July 22nd. Barclays lowered their price target on Domino's Pizza from $425.00 to $405.00 and set an "underweight" rating on the stock in a research note on Wednesday. Guggenheim lifted their price target on Domino's Pizza from $485.00 to $490.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 27th. Citigroup lowered their price target on Domino's Pizza from $500.00 to $480.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 30th. Finally, Morgan Stanley lifted their price target on Domino's Pizza from $520.00 to $535.00 and gave the stock an "overweight" rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $491.32.

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.

Want to see what other hedge funds are holding DPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domino's Pizza Inc (NASDAQ:DPZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.