Lake Street Financial LLC Cuts Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Lake Street Financial LLC lessened its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZGet Rating) by 10.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 647 shares of the restaurant operator’s stock after selling 75 shares during the quarter. Lake Street Financial LLC’s holdings in Domino’s Pizza were worth $252,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of DPZ. Vanguard Group Inc. grew its position in Domino’s Pizza by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,884,266 shares of the restaurant operator’s stock valued at $1,580,935,000 after acquiring an additional 28,157 shares in the last quarter. BlackRock Inc. grew its holdings in Domino’s Pizza by 1.1% during the 1st quarter. BlackRock Inc. now owns 3,578,352 shares of the restaurant operator’s stock valued at $1,456,425,000 after purchasing an additional 38,567 shares in the last quarter. State Street Corp lifted its holdings in Domino’s Pizza by 3.6% in the 4th quarter. State Street Corp now owns 1,637,123 shares of the restaurant operator’s stock worth $923,878,000 after buying an additional 57,445 shares in the last quarter. Principal Financial Group Inc. boosted its position in Domino’s Pizza by 16.7% in the 1st quarter. Principal Financial Group Inc. now owns 1,332,340 shares of the restaurant operator’s stock valued at $542,276,000 after buying an additional 190,595 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Domino’s Pizza by 4.9% during the fourth quarter. Alliancebernstein L.P. now owns 1,053,650 shares of the restaurant operator’s stock valued at $594,606,000 after acquiring an additional 48,963 shares in the last quarter. Hedge funds and other institutional investors own 96.44% of the company’s stock.

Insider Buying and Selling

In other Domino’s Pizza news, Director Andrew Balson sold 4,000 shares of Domino’s Pizza stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $387.24, for a total value of $1,548,960.00. Following the transaction, the director now owns 6,870 shares in the company, valued at $2,660,338.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 103 shares of the company’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $409.26, for a total transaction of $42,153.78. Following the completion of the sale, the executive vice president now directly owns 3,090 shares of the company’s stock, valued at $1,264,613.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew Balson sold 4,000 shares of Domino’s Pizza stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $387.24, for a total transaction of $1,548,960.00. Following the completion of the transaction, the director now directly owns 6,870 shares in the company, valued at $2,660,338.80. The disclosure for this sale can be found here. Insiders have sold 4,190 shares of company stock worth $1,625,744 in the last ninety days. 1.12% of the stock is currently owned by corporate insiders.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $333.20 on Thursday. The firm has a 50 day simple moving average of $384.55 and a 200-day simple moving average of $381.17. The stock has a market capitalization of $11.96 billion, a PE ratio of 26.01, a price-to-earnings-growth ratio of 2.39 and a beta of 0.61. Domino’s Pizza, Inc. has a 12-month low of $321.15 and a 12-month high of $567.57.

Domino’s Pizza (NYSE:DPZGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The restaurant operator reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.06). Domino’s Pizza had a negative return on equity of 11.24% and a net margin of 10.63%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the firm posted $3.12 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts forecast that Domino’s Pizza, Inc. will post 12.6 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a $1.10 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $4.40 annualized dividend and a dividend yield of 1.32%. Domino’s Pizza’s dividend payout ratio is currently 34.35%.

Analyst Ratings Changes

Several research analysts recently commented on DPZ shares. Guggenheim boosted their price target on Domino’s Pizza to $400.00 in a research note on Friday, July 22nd. Bank of America decreased their price target on shares of Domino’s Pizza from $512.00 to $490.00 and set a “buy” rating for the company in a research report on Friday, July 22nd. Oppenheimer lifted their price target on shares of Domino’s Pizza from $435.00 to $445.00 in a research note on Friday, July 22nd. Citigroup increased their price objective on shares of Domino’s Pizza from $450.00 to $475.00 in a research note on Friday, July 22nd. Finally, Stifel Nicolaus boosted their target price on shares of Domino’s Pizza from $345.00 to $400.00 in a research report on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $436.76.

Domino’s Pizza Company Profile

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Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Institutional Ownership by Quarter for Domino's Pizza (NYSE:DPZ)

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