Goldman Sachs Group Inc. Sells 9,202 Shares of Domino's Pizza Inc $DPZ

Key Points

• Goldman Sachs Group Inc. reduced its stake in Domino's Pizza by 4.6%, selling 9,202 shares and maintaining ownership of 189,283 shares valued at approximately $86.97 million.
• Various analysts have increased their price targets for Domino's Pizza, with the new targets ranging from $490.00 to $574.00, while the consensus rating for the stock is a "Moderate Buy".
• Domino's Pizza reported $3.81 earnings per share for the last quarter, missing estimates, but showed a 4.3% year-over-year revenue growth with total revenue of $1.15 billion.

Goldman Sachs Group Inc. decreased its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 4.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 189,283 shares of the restaurant operator's stock after selling 9,202 shares during the period. Goldman Sachs Group Inc. owned approximately 0.55% of Domino's Pizza worth $86,966,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in DPZ. GAMMA Investing LLC boosted its stake in shares of Domino's Pizza by 53,740.4% in the 1st quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock valued at $119,480,000 after purchasing an additional 259,566 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in shares of Domino's Pizza in the 1st quarter valued at $110,348,000. Invesco Ltd. boosted its stake in shares of Domino's Pizza by 32.9% in the 1st quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock valued at $371,997,000 after purchasing an additional 200,622 shares in the last quarter. Bristol Gate Capital Partners Inc. purchased a new stake in shares of Domino's Pizza in the 1st quarter valued at $92,085,000. Finally, Nuveen LLC purchased a new stake in shares of Domino's Pizza in the 1st quarter valued at $45,344,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Trading Down 1.9%

NASDAQ DPZ traded down $8.13 during trading on Thursday, hitting $430.08. The company had a trading volume of 813,541 shares, compared to its average volume of 547,703. Domino's Pizza Inc has a one year low of $397.12 and a one year high of $500.55. The company has a market cap of $14.60 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 2.40 and a beta of 1.09. The company's fifty day moving average is $457.65 and its 200-day moving average is $462.60.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 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 company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company posted $4.03 earnings per share. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities analysts anticipate 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. Investors of record on Monday, September 15th will be paid a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, September 15th. Domino's Pizza's dividend payout ratio (DPR) is presently 40.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley raised their price target on shares of Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Loop Capital raised their price target on shares of Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Redburn Atlantic started coverage on shares of Domino's Pizza in a report on Tuesday, June 10th. They issued a "sell" rating and a $340.00 price target on the stock. Guggenheim raised their price target on shares of Domino's Pizza from $485.00 to $490.00 and gave the stock a "neutral" rating in a report on Wednesday, August 27th. Finally, Royal Bank Of Canada lowered shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from $550.00 to $500.00 in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $490.78.

Insider Activity

In related news, Director James A. Goldman sold 1,000 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the transaction, 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 this hyperlink. 0.83% of the stock is currently owned by insiders.

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.