National Bank of Canada FI Reduces Holdings in Domino's Pizza Inc (NASDAQ:DPZ)

Key Points

• National Bank of Canada FI has reduced its stake in Domino's Pizza by 32.6%, selling 11,766 shares and now holds approximately 0.07% of the company, valued at $11,190,000.
• Several large investors have entered or increased their positions in Domino's Pizza, with hedge funds and institutional investors owning 94.63% of the company's stock.
• Domino's Pizza reported a quarterly EPS of $3.81, missing estimates, and announced a dividend of $1.74 per share, reflecting an annual yield of 1.6%.

National Bank of Canada FI reduced its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 32.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 24,358 shares of the restaurant operator's stock after selling 11,766 shares during the quarter. National Bank of Canada FI owned 0.07% of Domino's Pizza worth $11,190,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Praxis Investment Management Inc. acquired a new stake in Domino's Pizza during the 1st quarter worth approximately $414,000. Sowell Financial Services LLC purchased a new stake in shares of Domino's Pizza in the 1st quarter valued at approximately $282,000. Merit Financial Group LLC increased its position in shares of Domino's Pizza by 88.5% in the 1st quarter. Merit Financial Group LLC now owns 1,591 shares of the restaurant operator's stock valued at $731,000 after purchasing an additional 747 shares during the last quarter. GAMMA Investing LLC increased its position in shares of 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 valued at $119,480,000 after purchasing an additional 259,566 shares during the last quarter. Finally, Cornerstone Wealth Group LLC increased its position in shares of Domino's Pizza by 41.0% in the 1st quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator's stock valued at $9,381,000 after purchasing an additional 5,939 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino's Pizza Stock Up 0.1%

Shares of NASDAQ DPZ traded up $0.67 during midday trading on Friday, hitting $451.26. The company had a trading volume of 559,573 shares, compared to its average volume of 771,996. Domino's Pizza Inc has a twelve month low of $396.06 and a twelve month high of $500.55. The business has a 50-day simple moving average of $458.61 and a two-hundred day simple moving average of $465.42. The firm has a market capitalization of $15.32 billion, a price-to-earnings ratio of 26.21, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 EPS 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 company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business earned $4.03 EPS. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts forecast that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Dividend Announcement

The firm 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. This represents a $6.96 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, September 15th. Domino's Pizza's dividend payout ratio (DPR) is 40.42%.

Analyst Upgrades and Downgrades

DPZ has been the topic of a number of recent analyst reports. Citigroup increased their price objective on shares of Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Loop Capital increased their target price on shares of Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada downgraded shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from $550.00 to $500.00 in a research report on Tuesday, July 29th. Wells Fargo & Company increased their target price on shares of Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 22nd. Finally, BTIG Research set a $530.00 target price on shares of Domino's Pizza and gave the company a "buy" rating in a research report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $489.67.

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.