Procyon Advisors LLC Purchases 629 Shares of Domino's Pizza Inc $DPZ

Key Points

• Procyon Advisors LLC increased its holdings in Domino's Pizza by 16.5% by purchasing 629 additional shares, bringing their total holdings to 4,431 shares valued at approximately $1.997 million.
• Several analysts have recently adjusted their price targets for Domino's Pizza, with the consensus target now at $490.78, and most analysts rating the stock as a Moderate Buy.
• Domino's Pizza announced a quarterly dividend of $1.74, set to be paid on September 30th, marking a 1.6% dividend yield based on its annual dividends.

Procyon Advisors LLC boosted its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 16.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,431 shares of the restaurant operator's stock after purchasing an additional 629 shares during the quarter. Procyon Advisors LLC's holdings in Domino's Pizza were worth $1,997,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Czech National Bank raised its holdings in Domino's Pizza by 5.5% during the 2nd quarter. Czech National Bank now owns 8,369 shares of the restaurant operator's stock worth $3,771,000 after purchasing an additional 438 shares during the last quarter. Gallacher Capital Management LLC bought a new stake in Domino's Pizza during the 2nd quarter worth about $251,000. Parallel Advisors LLC raised its holdings in Domino's Pizza by 78.7% during the 2nd quarter. Parallel Advisors LLC now owns 938 shares of the restaurant operator's stock worth $423,000 after purchasing an additional 413 shares during the last quarter. Value Partners Investments Inc. raised its holdings in Domino's Pizza by 10.7% during the 2nd quarter. Value Partners Investments Inc. now owns 8,188 shares of the restaurant operator's stock worth $3,683,000 after purchasing an additional 791 shares during the last quarter. Finally, Advisors Capital Management LLC raised its holdings in Domino's Pizza by 3.5% during the 1st quarter. Advisors Capital Management LLC now owns 1,249 shares of the restaurant operator's stock worth $574,000 after purchasing an additional 42 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Sanford C. Bernstein boosted their price objective on Domino's Pizza from $460.00 to $490.00 and gave the stock a "market perform" rating in a report on Tuesday, July 22nd. Guggenheim upped their price target on Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a research note on Wednesday, August 27th. Benchmark upped their price target 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. Royal Bank Of Canada cut Domino's Pizza from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from $550.00 to $500.00 in a research note on Tuesday, July 29th. Finally, Barclays upped their price target on Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $490.78.

Insider Buying and Selling at Domino's Pizza

In other news, Director James A. Goldman sold 1,000 shares of the company'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 value of $451,490.00. Following the completion of the transaction, the director owned 3,384 shares in the company, valued at $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.83% of the stock is owned by company insiders.

Domino's Pizza Stock Performance

Shares of DPZ opened at $442.42 on Wednesday. The firm has a market cap of $15.02 billion, a P/E ratio of 25.69, a PEG ratio of 2.47 and a beta of 1.09. Domino's Pizza Inc has a twelve month low of $397.12 and a twelve month high of $500.55. The firm's 50 day moving average price is $458.95 and its two-hundred day moving average price is $463.14.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing the consensus estimate of $3.93 by ($0.12). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $4.03 EPS. On average, sell-side analysts anticipate that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, September 15th. Domino's Pizza's dividend payout ratio is 40.42%.

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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