Narwhal Capital Management Sells 1,975 Shares of Domino's Pizza Inc (NASDAQ:DPZ)

Narwhal Capital Management lessened its stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 18.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,753 shares of the restaurant operator's stock after selling 1,975 shares during the period. Narwhal Capital Management's holdings in Domino's Pizza were worth $4,022,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Sherman Asset Management Inc. bought a new stake in Domino's Pizza during the 4th quarter valued at approximately $25,000. Wood Tarver Financial Group LLC acquired a new position in shares of Domino's Pizza during the fourth quarter worth approximately $25,000. Brown Brothers Harriman & Co. boosted its position in shares of Domino's Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after acquiring an additional 61 shares during the period. Covestor Ltd boosted its position in shares of Domino's Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after acquiring an additional 49 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Domino's Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 94.63% of the company's stock.

Insider Activity

In other news, EVP Reddy Sandeep sold 399 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. The trade was a 4.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is currently owned by company insiders.

Domino's Pizza Stock Down 1.5%

DPZ stock traded down $6.84 during midday trading on Wednesday, reaching $453.13. The stock had a trading volume of 571,279 shares, compared to its average volume of 637,637. The firm has a market cap of $15.52 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 2.62 and a beta of 1.11. Domino's Pizza Inc has a twelve month low of $396.06 and a twelve month high of $526.66. The business has a fifty day simple moving average of $473.26 and a two-hundred day simple moving average of $457.73.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping the consensus estimate of $4.12 by $0.21. Domino's Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the previous year, the company earned $3.58 EPS. Domino's Pizza's revenue was up 2.5% on a year-over-year basis. On average, equities analysts predict 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 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 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, June 13th. Domino's Pizza's payout ratio is 39.91%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Domino's Pizza from $500.00 to $550.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Redburn Atlantic initiated coverage on shares of Domino's Pizza in a research note on Tuesday, June 10th. They set a "sell" rating and a $340.00 price target on the stock. Barclays decreased their target price on shares of Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 30th. BTIG Research set a $530.00 price target on shares of Domino's Pizza and gave the stock a "buy" rating in a research report on Monday, April 28th. Finally, Loop Capital raised their price target on shares of Domino's Pizza from $555.00 to $564.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $487.17.

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.