GWN Securities Inc. Cuts Stock Position in Domino’s Pizza Inc $DPZ

GWN Securities Inc. reduced its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 57.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 455 shares of the restaurant operator’s stock after selling 622 shares during the quarter. GWN Securities Inc.’s holdings in Domino’s Pizza were worth $211,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DPZ. Charles Schwab Investment Management Inc. purchased a new position in shares of Domino’s Pizza in the 1st quarter worth about $110,348,000. Invesco Ltd. boosted its holdings in shares of Domino’s Pizza by 32.9% in the 1st quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator’s stock worth $371,997,000 after purchasing an additional 200,622 shares in the last quarter. Bristol Gate Capital Partners Inc. purchased a new position in shares of Domino’s Pizza in the 1st quarter worth about $92,085,000. Envestnet Asset Management Inc. boosted its holdings in shares of Domino’s Pizza by 27.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 511,206 shares of the restaurant operator’s stock worth $230,349,000 after purchasing an additional 108,794 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Domino’s Pizza in the 1st quarter worth about $45,344,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of the company’s 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 owned 3,384 shares of the company’s stock, valued at $1,527,842.16. This represents a 22.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.83% of the stock is owned by insiders.

Domino’s Pizza Price Performance

DPZ opened at $403.96 on Friday. The business has a 50 day simple moving average of $433.61 and a two-hundred day simple moving average of $455.33. The firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 2.15 and a beta of 1.12. Domino’s Pizza Inc has a one year low of $397.12 and a one year high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.Domino’s Pizza’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.19 EPS. As a group, sell-side analysts expect that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be given 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 1.7%. Domino’s Pizza’s dividend payout ratio is presently 40.68%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DPZ. BTIG Research restated a “buy” rating and set a $530.00 target price on shares of Domino’s Pizza in a report on Wednesday, October 15th. Melius began coverage on Domino’s Pizza in a report on Monday, July 14th. They set a “hold” rating and a $500.00 target price for the company. Loop Capital increased their target price on Domino’s Pizza from $564.00 to $574.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. UBS Group restated a “buy” rating and set a $540.00 target price on shares of Domino’s Pizza in a report on Tuesday, July 22nd. Finally, Bank of America increased their target price on Domino’s Pizza from $514.00 to $536.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $490.32.

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.