Raub Brock Capital Management LP Lowers Holdings in Domino's Pizza Inc $DPZ

Key Points

• Raub Brock Capital Management LP has reduced its holdings in Domino's Pizza Inc by 2.4%, now owning 32,764 shares, which accounts for 3.2% of its total holdings.
• Domino's Pizza announced a quarterly dividend of $1.74 per share, reflecting an annualized yield of 1.7% based on a payout ratio of 40.42%.
• Despite missing earnings estimates with an EPS of $3.81, Domino's reported a 4.3% year-over-year revenue increase for the quarter, totaling $1.15 billion.

Raub Brock Capital Management LP trimmed its position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,764 shares of the restaurant operator's stock after selling 805 shares during the period. Domino's Pizza makes up about 3.2% of Raub Brock Capital Management LP's holdings, making the stock its 16th biggest position. Raub Brock Capital Management LP owned approximately 0.10% of Domino's Pizza worth $14,764,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Praxis Investment Management Inc. purchased a new stake in shares of Domino's Pizza during the 1st quarter worth $414,000. Sowell Financial Services LLC purchased a new stake in shares of Domino's Pizza during the 1st quarter worth $282,000. Cornerstone Wealth Group LLC boosted its position in shares of Domino's Pizza by 41.0% during the 1st quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator's stock worth $9,381,000 after purchasing an additional 5,939 shares in the last quarter. Value Partners Investments Inc. boosted its position in shares of Domino's Pizza by 317.4% during the 1st quarter. Value Partners Investments Inc. now owns 7,397 shares of the restaurant operator's stock worth $3,401,000 after purchasing an additional 5,625 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its position in shares of Domino's Pizza by 2.9% during the 1st quarter. Ritholtz Wealth Management now owns 2,299 shares of the restaurant operator's stock worth $1,056,000 after purchasing an additional 64 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Domino's Pizza

In other news, Director James A. Goldman sold 1,000 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the transaction, the director owned 3,384 shares of the company's stock, valued at $1,527,842.16. This represents a 22.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.83% of the company's stock.

Domino's Pizza Stock Down 2.7%

Domino's Pizza stock opened at $411.43 on Wednesday. Domino's Pizza Inc has a 52 week low of $397.12 and a 52 week high of $500.55. The firm's 50-day simple moving average is $446.00 and its 200 day simple moving average is $460.14. The firm has a market capitalization of $13.97 billion, a PE ratio of 23.89, a P/E/G ratio of 2.32 and a beta of 1.12.

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

Domino's Pizza Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, September 15th. Domino's Pizza's dividend payout ratio is 40.42%.

Wall Street Analyst Weigh In

DPZ has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on shares of Domino's Pizza from $465.00 to $490.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 22nd. Guggenheim boosted their target price on shares of Domino's Pizza from $485.00 to $490.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 27th. UBS Group restated a "buy" rating and set a $540.00 target price on shares of Domino's Pizza in a research report on Tuesday, July 22nd. Loop Capital boosted their target price on shares of Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, Barclays boosted their price objective on shares of Domino's Pizza from $420.00 to $425.00 and gave the stock an "underweight" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $492.88.

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.

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