SG Americas Securities LLC Sells 15,309 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

SG Americas Securities LLC trimmed its position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 32.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,666 shares of the restaurant operator's stock after selling 15,309 shares during the quarter. SG Americas Securities LLC owned 0.09% of Domino's Pizza worth $14,549,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DPZ. Sherman Asset Management Inc. purchased a new position in Domino's Pizza in the fourth quarter valued at approximately $25,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Domino's Pizza in the fourth quarter worth $25,000. Brown Brothers Harriman & Co. raised its stake in shares of Domino's Pizza by 1,016.7% in the 4th 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 lifted its holdings in shares of Domino's Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after acquiring an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Domino's Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 26 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Domino's Pizza

In other news, EVP Reddy Sandeep sold 399 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the sale, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. This represents a 4.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.83% of the company's stock.

Wall Street Analysts Forecast Growth

DPZ has been the subject of several analyst reports. TD Cowen reaffirmed a "buy" rating and issued a $490.00 target price on shares of Domino's Pizza in a research report on Monday, February 24th. Guggenheim restated a "neutral" rating on shares of Domino's Pizza in a report on Thursday, May 15th. Morgan Stanley lifted their price objective on shares of Domino's Pizza from $492.00 to $510.00 and gave the company an "overweight" rating in a research note on Tuesday, April 29th. Stephens reaffirmed an "equal weight" rating and set a $440.00 price target on shares of Domino's Pizza in a report on Wednesday, April 2nd. Finally, Wells Fargo & Company raised their target price on Domino's Pizza from $445.00 to $465.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Domino's Pizza currently has a consensus rating of "Moderate Buy" and a consensus target price of $492.16.

Domino's Pizza Stock Performance

Shares of NASDAQ DPZ traded up $4.64 during mid-day trading on Thursday, reaching $451.54. The company had a trading volume of 179,089 shares, compared to its average volume of 629,900. The company has a market capitalization of $15.46 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 2.47 and a beta of 1.11. The stock has a fifty day moving average of $473.35 and a two-hundred day moving average of $458.79. Domino's Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $538.44.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.21. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm earned $3.58 earnings per share. The company's revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts forecast that Domino's Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $1.74 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 annualized dividend and a dividend yield of 1.54%. Domino's Pizza's dividend payout ratio is presently 39.91%.

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.