Stephens Investment Management Group LLC Sells 10,756 Shares of Domino's Pizza Inc $DPZ

Key Points

• Stephens Investment Management Group LLC sold 10,756 shares of Domino's Pizza, reducing its holdings by 5.3%, leaving it with 191,867 shares.
• Domino's Pizza reported a quarterly earnings per share (EPS) of $4.08, exceeding analyst expectations of $3.96, with revenues hitting $1.15 billion.
• The company has declared a quarterly dividend of $1.74, representing an annualized yield of 1.7%, to be paid on December 26th, 2023.

Stephens Investment Management Group LLC cut its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 5.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,867 shares of the restaurant operator's stock after selling 10,756 shares during the quarter. Domino's Pizza accounts for approximately 1.1% of Stephens Investment Management Group LLC's holdings, making the stock its 23rd largest position. Stephens Investment Management Group LLC owned approximately 0.57% of Domino's Pizza worth $86,455,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DPZ. Alpine Bank Wealth Management bought a new position in Domino's Pizza in the 1st quarter valued at approximately $25,000. RMG Wealth Management LLC bought a new position in Domino's Pizza in the 2nd quarter valued at approximately $25,000. LRI Investments LLC bought a new position in Domino's Pizza in the 1st quarter valued at approximately $27,000. Zions Bancorporation National Association UT bought a new position in Domino's Pizza in the 1st quarter valued at approximately $27,000. Finally, Signature Resources Capital Management LLC bought a new position in Domino's Pizza in the 2nd quarter valued at approximately $29,000. 94.63% of the stock is owned by institutional investors.

Insider Transactions at Domino's Pizza

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the sale, the director owned 3,384 shares in the company, valued at approximately $1,527,842.16. This represents a 22.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.83% of the company's stock.

Domino's Pizza Price Performance

NASDAQ:DPZ opened at $419.88 on Wednesday. The firm has a market capitalization of $14.19 billion, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 2.24 and a beta of 1.12. Domino's Pizza Inc has a one year low of $397.12 and a one year high of $500.55. The business has a fifty day moving average price of $438.47 and a 200-day moving average price of $456.93.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, topping the consensus estimate of $3.96 by $0.12. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Domino's Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.Domino's Pizza's revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $4.19 EPS. On average, equities research analysts expect 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 declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, December 15th. Domino's Pizza's dividend payout ratio is presently 40.68%.

Analysts Set New Price Targets

DPZ has been the topic of several research analyst reports. Piper Sandler lowered their price target on Domino's Pizza from $477.00 to $443.00 and set a "neutral" rating on the stock in a report on Friday, October 10th. Bank of America increased their price target on Domino's Pizza from $514.00 to $536.00 and gave the company a "buy" rating in a report on Wednesday, October 15th. Citigroup lowered their price target on Domino's Pizza from $500.00 to $480.00 and set a "neutral" rating on the stock in a report on Tuesday, September 30th. Loop Capital increased their price target on Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Finally, Benchmark increased their price target on Domino's Pizza from $535.00 to $540.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Domino's Pizza presently has an average rating of "Moderate Buy" and an average target price of $489.92.

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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