MAI Capital Management Has $1.16 Million Stock Position in Domino's Pizza Inc $DPZ

Key Points

• MAI Capital Management significantly reduced its stake in Domino's Pizza by 86.8%, selling 16,542 shares, leaving them with 2,519 shares valued at approximately $1,157,000.
• Multiple institutional investors increased their stakes in Domino's Pizza, with GAMMA Investing LLC raising its stake by 53,740.4%, now owning 260,049 shares valued at $119,480,000.
• Domino's Pizza reported $3.81 earnings per share for the last quarter, missing estimates by $0.12, while revenue increased by 4.3% year-over-year to $1.15 billion.

MAI Capital Management trimmed its position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 86.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,519 shares of the restaurant operator's stock after selling 16,542 shares during the quarter. MAI Capital Management's holdings in Domino's Pizza were worth $1,157,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DPZ. Wood Tarver Financial Group LLC bought a new position in Domino's Pizza during the fourth quarter worth about $25,000. Alpine Bank Wealth Management bought a new position in shares of Domino's Pizza during the first quarter worth about $25,000. LRI Investments LLC bought a new stake in Domino's Pizza in the first quarter worth approximately $27,000. Zions Bancorporation National Association UT purchased a new position in shares of Domino's Pizza during the first quarter valued at approximately $27,000. Finally, SVB Wealth LLC purchased a new position in Domino's Pizza in the first quarter worth $36,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DPZ shares. Benchmark boosted their price objective on Domino's Pizza from $535.00 to $540.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. UBS Group restated a "buy" rating and issued a $540.00 price target on shares of Domino's Pizza in a research note on Tuesday, July 22nd. Barclays raised their price target on Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a report on Monday, July 21st. Royal Bank Of Canada cut Domino's Pizza from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $550.00 to $500.00 in a research note on Tuesday, July 29th. Finally, Wells Fargo & Company boosted their price target on Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Domino's Pizza presently has an average rating of "Moderate Buy" and a consensus target price of $490.78.

Domino's Pizza Price Performance

Shares of Domino's Pizza stock traded down $0.75 during trading on Monday, hitting $463.09. 299,307 shares of the stock were exchanged, compared to its average volume of 641,915. The firm's 50-day moving average price is $459.15 and its 200 day moving average price is $464.02. Domino's Pizza Inc has a 12-month low of $396.06 and a 12-month high of $500.55. The stock has a market cap of $15.72 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 2.54 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing the consensus estimate of $3.93 by ($0.12). The company 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%.Domino's Pizza's revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.03 earnings per share. As a group, 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $1.74 dividend. The ex-dividend date is Monday, September 15th. This represents a $6.96 annualized dividend and a dividend yield of 1.5%. Domino's Pizza's dividend payout ratio is 40.42%.

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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.83% of the company's stock.

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.