Victory Capital Management Inc. Lowers Stake in Domino's Pizza Inc (NASDAQ:DPZ)

Victory Capital Management Inc. decreased its stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 7.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,186 shares of the restaurant operator's stock after selling 1,383 shares during the period. Victory Capital Management Inc. owned about 0.05% of Domino's Pizza worth $8,356,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of DPZ. Wood Tarver Financial Group LLC bought a new stake in shares of Domino's Pizza during the fourth quarter valued at approximately $25,000. Alpine Bank Wealth Management acquired a new position in shares of Domino's Pizza during the first quarter valued at approximately $25,000. LRI Investments LLC acquired a new position in shares of Domino's Pizza during the first quarter valued at approximately $27,000. Brown Brothers Harriman & Co. increased its stake in shares of Domino's Pizza by 1,016.7% during the fourth 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. Finally, Covestor Ltd increased its stake in shares of Domino's Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after acquiring an additional 49 shares during the period. Institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Performance

Shares of Domino's Pizza stock traded down $9.78 during trading on Monday, hitting $475.75. The company's stock had a trading volume of 133,738 shares, compared to its average volume of 643,560. The company has a fifty day simple moving average of $465.18 and a two-hundred day simple moving average of $462.70. The company has a market capitalization of $16.15 billion, a PE ratio of 27.59, a P/E/G ratio of 2.66 and a beta of 1.09. Domino's Pizza Inc has a 52 week low of $396.06 and a 52 week high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). The firm 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 for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.03 earnings per share. As a group, analysts predict that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Monday, September 15th. Domino's Pizza's payout ratio is 40.42%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. UBS Group restated a "buy" rating and set a $540.00 price target on shares of Domino's Pizza in a report on Tuesday, July 22nd. Royal Bank Of Canada restated an "outperform" rating and set a $550.00 price target on shares of Domino's Pizza in a report on Tuesday, July 22nd. Bank of America upped their price objective on shares of Domino's Pizza from $520.00 to $549.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Stephens reissued an "equal weight" rating and set a $440.00 target price on shares of Domino's Pizza in a research report on Wednesday, April 2nd. Finally, Melius assumed coverage on shares of Domino's Pizza in a research report on Monday, July 14th. They set a "hold" rating and a $500.00 target price for the company. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Domino's Pizza has a consensus rating of "Moderate Buy" and a consensus price target of $491.52.

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.