Whittier Trust Co. of Nevada Inc. Has $763,000 Stock Holdings in Domino's Pizza Inc (NASDAQ:DPZ)

Whittier Trust Co. of Nevada Inc. reduced its stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 80.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,660 shares of the restaurant operator's stock after selling 6,796 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Domino's Pizza were worth $763,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Alpine Bank Wealth Management acquired a new stake in shares of Domino's Pizza during the first quarter worth $25,000. LRI Investments LLC acquired a new position in shares of Domino's Pizza during the 1st quarter worth about $27,000. Wood Tarver Financial Group LLC bought a new stake in shares of Domino's Pizza in the 4th quarter valued at about $25,000. Brown Brothers Harriman & Co. increased 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 last quarter. Finally, Covestor Ltd raised its position in shares of Domino's Pizza by 158.1% in 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 during the period. 94.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Guggenheim reaffirmed a "neutral" rating on shares of Domino's Pizza in a research report on Thursday, May 15th. Morgan Stanley increased their target price on Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Barclays cut their price target on shares of Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. TD Securities reissued a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a research report on Monday, April 28th. 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, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $487.84.

Domino's Pizza Stock Down 0.6%

Shares of DPZ stock traded down $2.75 on Friday, reaching $465.95. The stock had a trading volume of 1,159,342 shares, compared to its average volume of 642,430. The firm has a market capitalization of $15.95 billion, a price-to-earnings ratio of 26.72, a P/E/G ratio of 2.65 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 firm's 50-day moving average is $466.40 and its two-hundred day moving average is $459.93.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.12 billion. Domino's Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. The business's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.58 EPS. On average, 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 announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $1.74 per share. The ex-dividend date was Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.49%. Domino's Pizza's payout ratio is presently 39.91%.

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.