IFP Advisors Inc Sells 6,676 Shares of Domino's Pizza Inc $DPZ

Key Points

• IFP Advisors Inc reduced its holdings in Domino's Pizza by 69.6%, selling 6,676 shares during the second quarter and leaving the fund with 2,921 shares valued at approximately $1.4 million.
• Domino's Pizza recently reported earnings of $3.81 per share, falling short of analysts' expectations, while revenue increased by 4.3% year-over-year.
• The company declared a quarterly dividend of $1.74 per share, with an annual yield of 1.7%, reflecting a payout ratio of 40.42%.

IFP Advisors Inc trimmed its position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 69.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,921 shares of the restaurant operator's stock after selling 6,676 shares during the quarter. IFP Advisors Inc's holdings in Domino's Pizza were worth $1,401,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Alpine Bank Wealth Management acquired a new stake in shares of Domino's Pizza in the 1st quarter valued at $25,000. RMG Wealth Management LLC bought a new stake in shares of Domino's Pizza during the 2nd quarter worth $25,000. LRI Investments LLC acquired a new stake in Domino's Pizza in the first quarter valued at about $27,000. Zions Bancorporation National Association UT bought a new position in Domino's Pizza in the first quarter valued at about $27,000. Finally, Signature Resources Capital Management LLC acquired a new position in Domino's Pizza during the second quarter worth about $29,000. 94.63% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director James A. Goldman sold 1,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director owned 3,384 shares of the company's stock, valued at $1,527,842.16. This trade represents a 22.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.83% of the company's stock.

Domino's Pizza Stock Up 0.3%

Shares of NASDAQ DPZ opened at $406.37 on Monday. The company has a market capitalization of $13.80 billion, a PE ratio of 23.60, a P/E/G ratio of 2.22 and a beta of 1.12. Domino's Pizza Inc has a twelve month low of $397.12 and a twelve month high of $500.55. The firm has a fifty day simple moving average of $442.41 and a 200 day simple moving average of $458.89.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results 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 business 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 revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.03 earnings per share. As a group, equities analysts expect that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

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

Wall Street Analysts Forecast Growth

DPZ has been the topic of a number of research analyst reports. Royal Bank Of Canada downgraded shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from $550.00 to $500.00 in a research note on Tuesday, July 29th. Barclays cut their target price on shares of Domino's Pizza from $425.00 to $405.00 and set an "underweight" rating on the stock in a research report on Wednesday. Morgan Stanley upped their price target on shares of Domino's Pizza from $520.00 to $535.00 and gave the stock an "overweight" rating in a report on Wednesday. Piper Sandler cut their price objective on Domino's Pizza from $477.00 to $443.00 and set a "neutral" rating on the stock in a report on Friday. Finally, Benchmark upped their target price on Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $493.30.

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.

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.