Chevy Chase Trust Holdings LLC Sells 25 Shares of Domino’s Pizza Inc $DPZ

Chevy Chase Trust Holdings LLC decreased its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 0.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,086 shares of the restaurant operator’s stock after selling 25 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Domino’s Pizza were worth $8,150,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DPZ. GAMMA Investing LLC lifted its holdings in Domino’s Pizza by 17.2% in the first quarter. GAMMA Investing LLC now owns 566 shares of the restaurant operator’s stock valued at $260,000 after acquiring an additional 83 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Domino’s Pizza by 207.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,208 shares of the restaurant operator’s stock valued at $13,880,000 after acquiring an additional 20,379 shares during the period. State of Alaska Department of Revenue lifted its holdings in Domino’s Pizza by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the restaurant operator’s stock valued at $1,856,000 after acquiring an additional 100 shares during the period. Blue Trust Inc. lifted its holdings in Domino’s Pizza by 242.6% in the first quarter. Blue Trust Inc. now owns 185 shares of the restaurant operator’s stock valued at $85,000 after acquiring an additional 131 shares during the period. Finally, Praxis Investment Management Inc. bought a new position in Domino’s Pizza in the first quarter valued at about $414,000. Institutional investors own 94.63% of the company’s stock.

Insider Buying and Selling

In related news, Director James A. Goldman sold 1,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the transaction, the director directly owned 3,384 shares of the company’s stock, valued at approximately $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DPZ. Weiss Ratings restated a “buy (b-)” rating on shares of Domino’s Pizza in a research report on Wednesday, October 8th. Morgan Stanley upped their price target on Domino’s Pizza from $520.00 to $535.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Bank of America upped their price target on Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Benchmark upped their price target on Domino’s Pizza from $535.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Finally, Barclays reduced their price target on Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating for the company in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $489.92.

Domino’s Pizza Trading Up 1.6%

NASDAQ:DPZ opened at $422.94 on Tuesday. Domino’s Pizza Inc has a 12-month low of $397.12 and a 12-month high of $500.55. The stock has a 50-day moving average price of $438.89 and a 200 day moving average price of $457.19. The stock has a market capitalization of $14.29 billion, a P/E ratio of 24.72, a P/E/G ratio of 2.20 and a beta of 1.12.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The firm 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 $4.19 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. On average, research analysts predict that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be paid a dividend of $1.74 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.6%. Domino’s Pizza’s dividend payout ratio is presently 40.68%.

Domino’s Pizza 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.