Domino's Pizza Inc $DPZ Shares Sold by Focus Partners Wealth

Key Points

• Focus Partners Wealth has reduced its stake in Domino's Pizza Inc by 4.1% after selling 1,708 shares, leaving it with approximately 40,361 shares valued at $18.54 million.
• Domino's recently declared a quarterly dividend of $1.74 per share, with the annualized dividend yield standing at 1.5% and a payout ratio of 40.42%.
• Despite reporting earnings per share of $3.81 for the last quarter, Domino's missed the consensus estimate of $3.93, although revenue increased by 4.3% year-over-year.

Focus Partners Wealth cut its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 4.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,361 shares of the restaurant operator's stock after selling 1,708 shares during the quarter. Focus Partners Wealth owned approximately 0.12% of Domino's Pizza worth $18,544,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new stake in shares of Domino's Pizza in the first quarter worth approximately $25,000. LRI Investments LLC purchased a new position in Domino's Pizza in the 1st quarter valued at $27,000. Zions Bancorporation National Association UT acquired a new stake in Domino's Pizza during the 1st quarter worth $27,000. Wood Tarver Financial Group LLC purchased a new stake in shares of Domino's Pizza during the fourth quarter worth $25,000. Finally, SVB Wealth LLC acquired a new stake in shares of Domino's Pizza in the first quarter valued at about $36,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DPZ. Melius initiated coverage on shares of Domino's Pizza in a research report on Monday, July 14th. They set a "hold" rating and a $500.00 price target on the stock. Barclays boosted their target price on Domino's Pizza from $420.00 to $425.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. UBS Group reaffirmed a "buy" rating and issued a $540.00 price target on shares of Domino's Pizza in a report on Tuesday, July 22nd. Benchmark lifted their price objective on Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, Guggenheim raised their target price 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. 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $490.78.

Insider Activity at Domino's Pizza

In related news, Director James A. Goldman sold 1,000 shares of Domino's Pizza stock in a transaction on Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction of $451,490.00. Following the sale, the director directly owned 3,384 shares in the company, valued at $1,527,842.16. This trade represents a 22.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.83% of the stock is owned by company insiders.

Domino's Pizza Trading Down 2.3%

Shares of DPZ stock traded down $10.05 on Thursday, reaching $428.17. 248,405 shares of the stock were exchanged, compared to its average volume of 637,099. The company has a market capitalization of $14.54 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 2.42 and a beta of 1.09. The business's 50 day moving average price is $458.44 and its 200 day moving average price is $462.97. Domino's Pizza Inc has a twelve month low of $397.12 and a twelve month 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 (EPS) for the quarter, missing the consensus estimate of $3.93 by ($0.12). Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company posted $4.03 earnings per share. The company's revenue was up 4.3% compared to the same quarter last year. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $1.74 dividend. The ex-dividend date is Monday, September 15th. This represents a $6.96 annualized dividend and a dividend yield of 1.6%. Domino's Pizza's dividend payout ratio is presently 40.42%.

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.