Gulf International Bank UK Ltd Sells 899 Shares of Domino's Pizza Inc $DPZ

Key Points

• Gulf International Bank UK Ltd decreased its stake in Domino's Pizza Inc by 32.5%, selling 899 shares and holding 1,864 shares valued at approximately $856,000.
• Domino's Pizza reported earnings per share (EPS) of $3.81, missing analyst expectations of $3.93, with revenue of $1.15 billion for the quarter.
• The company announced a quarterly dividend of $1.74 to be paid on September 30th, representing an annualized dividend yield of 1.5%.

Gulf International Bank UK Ltd cut its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 32.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,864 shares of the restaurant operator's stock after selling 899 shares during the quarter. Gulf International Bank UK Ltd's holdings in Domino's Pizza were worth $856,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Berkshire Hathaway Inc raised its position in Domino's Pizza by 86.5% during the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock valued at $999,868,000 after purchasing an additional 1,104,744 shares in the last quarter. GAMMA Investing LLC boosted its holdings in 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 worth $119,480,000 after buying an additional 259,566 shares during the period. Charles Schwab Investment Management Inc. bought a new position in shares of Domino's Pizza during the 1st quarter valued at about $110,348,000. Invesco Ltd. raised its position in Domino's Pizza by 32.9% in the 1st quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock worth $371,997,000 after purchasing an additional 200,622 shares during the period. Finally, Bristol Gate Capital Partners Inc. bought a new position in shares of Domino's Pizza during the first quarter valued at approximately $92,085,000. 94.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DPZ shares. Wells Fargo & Company raised their target price on shares of Domino's Pizza from $465.00 to $490.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 22nd. Bank of America boosted their price target on shares of Domino's Pizza from $520.00 to $549.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. UBS Group reiterated a "buy" rating and set a $540.00 price target on shares of Domino's Pizza in a report on Tuesday, July 22nd. Guggenheim reiterated a "neutral" rating on shares of Domino's Pizza in a research note on Thursday, May 15th. Finally, Loop Capital lifted 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $489.67.

Domino's Pizza Stock Up 1.3%

Shares of DPZ traded up $5.71 during trading hours on Tuesday, reaching $450.56. The company's stock had a trading volume of 686,531 shares, compared to its average volume of 660,164. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of 26.16, a P/E/G ratio of 2.44 and a beta of 1.09. The company has a 50 day moving average of $458.05 and a two-hundred day moving average of $465.39. 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 posted its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing the consensus estimate of $3.93 by ($0.12). Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the company posted $4.03 earnings per share. The firm's revenue was up 4.3% compared to the same quarter last year. As a group, analysts forecast that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.74 per share. The ex-dividend date is Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.5%. Domino's Pizza's dividend payout ratio (DPR) is 40.42%.

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.