Wealth Enhancement Advisory Services LLC Sells 19,413 Shares of Domino's Pizza Inc $DPZ

Key Points

• Wealth Enhancement Advisory Services LLC reduced its holdings in Domino's Pizza by 64.3%, selling 19,413 shares in the second quarter, leaving them with 10,795 shares valued at approximately $4.88 million.
• Domino's Pizza has reported a quarterly EPS of $3.81, missing analysts' estimates, while its revenue for the quarter reached $1.15 billion, up 4.3% year-over-year.
• The company declared a quarterly dividend of $1.74, reflecting a 1.6% dividend yield with a payout ratio of 40.42%, to be paid on September 30th.

Wealth Enhancement Advisory Services LLC trimmed its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 64.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,795 shares of the restaurant operator's stock after selling 19,413 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Domino's Pizza were worth $4,881,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DPZ. GAMMA Investing LLC grew its holdings in Domino's Pizza by 53,740.4% during the first quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock valued at $119,480,000 after purchasing an additional 259,566 shares during the period. Charles Schwab Investment Management Inc. bought a new position in Domino's Pizza during the first quarter valued at $110,348,000. Invesco Ltd. grew its holdings in Domino's Pizza by 32.9% during the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock valued at $371,997,000 after purchasing an additional 200,622 shares during the period. Bristol Gate Capital Partners Inc. bought a new position in Domino's Pizza during the first quarter valued at $92,085,000. Finally, Nuveen LLC purchased a new stake in shares of Domino's Pizza during the first quarter worth $45,344,000. 94.63% of the stock is owned by institutional investors.

Insider Activity

In related 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 sale, the director owned 3,384 shares in the company, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.83% of the company's stock.

Domino's Pizza Stock Performance

Shares of DPZ stock opened at $425.30 on Thursday. Domino's Pizza Inc has a 52-week low of $397.12 and a 52-week high of $500.55. The company has a market capitalization of $14.44 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 2.32 and a beta of 1.09. The business's fifty day moving average is $454.34 and its 200 day moving average is $461.17.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data 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). Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter last year, the business posted $4.03 EPS. The company's quarterly revenue was up 4.3% on a year-over-year basis. On average, sell-side analysts forecast that Domino's Pizza Inc will post 16.74 EPS for the current fiscal 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 given a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, September 15th. Domino's Pizza's dividend payout ratio (DPR) is 40.42%.

Analysts Set New Price Targets

DPZ has been the topic of several recent research reports. Barclays increased their target price on Domino's Pizza from $420.00 to $425.00 and gave the stock an "underweight" rating in a research report on Monday, July 21st. Sanford C. Bernstein increased their target price on Domino's Pizza from $460.00 to $490.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 22nd. Melius initiated coverage on Domino's Pizza in a research report on Monday, July 14th. They set a "hold" rating and a $500.00 target price on the stock. Royal Bank Of Canada downgraded Domino's Pizza from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $550.00 to $500.00 in a research report on Tuesday, July 29th. Finally, Loop Capital increased their target price on Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $490.78.

Domino's Pizza Company 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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