Focus Partners Wealth Sells 1,708 Shares of Domino’s Pizza Inc $DPZ

Focus Partners Wealth lowered its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,361 shares of the restaurant operator’s stock after selling 1,708 shares during the quarter. Focus Partners Wealth owned approximately 0.12% of Domino’s Pizza worth $18,544,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. HighPoint Advisor Group LLC lifted its holdings in shares of Domino’s Pizza by 3.2% in the 1st quarter. HighPoint Advisor Group LLC now owns 672 shares of the restaurant operator’s stock worth $332,000 after buying an additional 21 shares during the period. AGP Franklin LLC lifted its stake in Domino’s Pizza by 0.4% in the first quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator’s stock worth $2,403,000 after acquiring an additional 21 shares during the period. Nissay Asset Management Corp Japan ADV grew its holdings in Domino’s Pizza by 0.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 4,162 shares of the restaurant operator’s stock worth $1,912,000 after acquiring an additional 21 shares in the last quarter. Compound Planning Inc. grew its holdings in Domino’s Pizza by 4.1% during the 1st quarter. Compound Planning Inc. now owns 562 shares of the restaurant operator’s stock worth $258,000 after acquiring an additional 22 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Domino’s Pizza by 16.0% in the 1st quarter. Allworth Financial LP now owns 174 shares of the restaurant operator’s stock valued at $85,000 after purchasing an additional 24 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Stock Performance

Shares of NASDAQ DPZ opened at $452.05 on Friday. Domino’s Pizza Inc has a fifty-two week low of $397.12 and a fifty-two week high of $500.55. The company has a market cap of $15.35 billion, a PE ratio of 26.25, a P/E/G ratio of 2.50 and a beta of 1.09. The business has a 50-day simple moving average of $459.35 and a two-hundred day simple moving average of $463.80.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.93 by ($0.12). The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $4.03 EPS. On average, sell-side analysts predict that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently declared 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. This represents a $6.96 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, September 15th. Domino’s Pizza’s payout ratio is presently 40.42%.

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 shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the transaction, the director owned 3,384 shares in the company, valued at approximately $1,527,842.16. This represents a 22.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.83% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DPZ. Loop Capital increased their price objective on shares of Domino’s Pizza from $564.00 to $574.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Barclays increased their target price on Domino’s Pizza from $420.00 to $425.00 and gave the company an “underweight” rating in a research report on Monday, July 21st. Morgan Stanley boosted their price target on Domino’s Pizza from $510.00 to $514.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Sanford C. Bernstein raised their price objective on Domino’s Pizza from $460.00 to $490.00 and gave the company a “market perform” rating in a research report on Tuesday, July 22nd. Finally, Guggenheim lifted their target price on Domino’s Pizza from $485.00 to $490.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $490.78.

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.