Vanguard Group Inc. Cuts Position in Domino's Pizza Inc (NASDAQ:DPZ)

Key Points

• Vanguard Group Inc. reduced its stake in Domino's Pizza Inc. by 0.8%, owning 4,010,738 shares worth approximately $1.84 billion as of the latest quarter.
• Domino's reported earnings of $3.81 per share, missing estimates, while revenues increased by 4.3% year-over-year, indicating mixed financial performance.
• The company announced a quarterly dividend of $1.74 per share, resulting in a yield of 1.6%, with payouts reflecting a payout ratio of 40.42%.

Vanguard Group Inc. trimmed its position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,010,738 shares of the restaurant operator's stock after selling 32,780 shares during the quarter. Vanguard Group Inc. owned 11.71% of Domino's Pizza worth $1,842,734,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. HighPoint Advisor Group LLC grew its stake in shares of Domino's Pizza by 3.2% in the first quarter. HighPoint Advisor Group LLC now owns 672 shares of the restaurant operator's stock valued at $332,000 after buying an additional 21 shares in the last quarter. AGP Franklin LLC grew its stake in shares of Domino's Pizza by 0.4% in the first quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator's stock valued at $2,403,000 after buying an additional 21 shares in the last quarter. Allworth Financial LP grew its stake in shares of Domino's Pizza by 16.0% in the first quarter. Allworth Financial LP now owns 174 shares of the restaurant operator's stock valued at $85,000 after buying an additional 24 shares in the last quarter. Lodestone Wealth Management LLC grew its stake in shares of Domino's Pizza by 4.4% in the first quarter. Lodestone Wealth Management LLC now owns 587 shares of the restaurant operator's stock valued at $270,000 after buying an additional 25 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in shares of Domino's Pizza by 1.1% in the first quarter. Concurrent Investment Advisors LLC now owns 2,382 shares of the restaurant operator's stock valued at $1,094,000 after buying an additional 25 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino's Pizza Trading Down 0.5%

Shares of NASDAQ DPZ opened at $440.04 on Friday. The company has a market cap of $14.94 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 2.41 and a beta of 1.09. Domino's Pizza Inc has a 12-month low of $396.06 and a 12-month high of $500.55. The stock's 50 day simple moving average is $460.41 and its 200 day simple moving average is $464.98.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its 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 business had revenue of $1.15 billion for the quarter, compared to the consensus estimate 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 revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $4.03 EPS. As a group, equities analysts forecast that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

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 paid a dividend of $1.74 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $6.96 annualized dividend and a yield of 1.6%. Domino's Pizza's payout ratio is presently 40.42%.

Wall Street Analyst Weigh In

DPZ has been the subject of a number of recent research reports. Robert W. Baird increased their target price on Domino's Pizza from $500.00 to $535.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Guggenheim restated a "neutral" rating on shares of Domino's Pizza in a report on Thursday, May 15th. TD Securities restated a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a report on Monday, April 28th. UBS Group restated a "buy" rating and set a $540.00 price objective on shares of Domino's Pizza in a report on Tuesday, July 22nd. Finally, Argus restated a "hold" rating and set a $490.00 price objective on shares of Domino's Pizza in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Domino's Pizza presently has an average rating of "Moderate Buy" and a consensus price target 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.

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