Janney Montgomery Scott LLC Sells 8,155 Shares of Domino's Pizza Inc (NASDAQ:DPZ)

Janney Montgomery Scott LLC decreased its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 73.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,905 shares of the restaurant operator's stock after selling 8,155 shares during the period. Janney Montgomery Scott LLC's holdings in Domino's Pizza were worth $1,335,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Sherman Asset Management Inc. bought a new position in shares of Domino's Pizza in the fourth quarter worth about $25,000. Wood Tarver Financial Group LLC bought a new position in Domino's Pizza during the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. boosted its stake in Domino's Pizza by 1,016.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after buying an additional 61 shares during the last quarter. Covestor Ltd boosted its stake in Domino's Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after buying an additional 49 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Domino's Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after buying an additional 26 shares during the last quarter. Institutional investors own 94.63% of the company's stock.

Insider Buying and Selling at Domino's Pizza

In other news, EVP Reddy Sandeep sold 399 shares of Domino's Pizza stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. This trade represents a 4.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DPZ has been the subject of a number of research reports. Guggenheim reissued a "neutral" rating on shares of Domino's Pizza in a research note on Thursday, May 15th. Wells Fargo & Company increased their price target on Domino's Pizza from $445.00 to $465.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 29th. Argus reissued a "hold" rating and set a $490.00 price target on shares of Domino's Pizza in a research note on Tuesday, April 29th. BTIG Research set a $530.00 price target on Domino's Pizza and gave the company a "buy" rating in a research note on Monday, April 28th. Finally, TD Securities reaffirmed a "buy" rating and issued a $490.00 price objective on shares of Domino's Pizza in a research note on Monday, April 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $487.17.

Domino's Pizza Stock Down 1.8%

Shares of NASDAQ DPZ opened at $446.39 on Friday. The business has a fifty day simple moving average of $472.61 and a two-hundred day simple moving average of $457.65. The firm has a market cap of $15.28 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 2.54 and a beta of 1.11. Domino's Pizza Inc has a twelve month low of $396.06 and a twelve month high of $516.37.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, beating analysts' consensus estimates of $4.12 by $0.21. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. Domino's Pizza's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.58 EPS. On average, research analysts expect that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Friday, June 13th. Domino's Pizza's dividend payout ratio (DPR) is presently 39.91%.

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.

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