HB Wealth Management LLC Decreases Stock Position in Domino’s Pizza Inc $DPZ

HB Wealth Management LLC reduced its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 20.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,173 shares of the restaurant operator’s stock after selling 301 shares during the quarter. HB Wealth Management LLC’s holdings in Domino’s Pizza were worth $529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of DPZ. Alpine Bank Wealth Management purchased a new stake in Domino’s Pizza in the first quarter worth $25,000. LRI Investments LLC purchased a new position in shares of Domino’s Pizza in the first quarter valued at $27,000. Zions Bancorporation National Association UT purchased a new position in shares of Domino’s Pizza in the first quarter valued at $27,000. Signature Resources Capital Management LLC purchased a new position in shares of Domino’s Pizza in the second quarter valued at $29,000. Finally, SVB Wealth LLC purchased a new position in shares of Domino’s Pizza in the first quarter valued at $36,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director James A. Goldman sold 1,000 shares of the business’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 value of $451,490.00. Following the completion of the sale, the director owned 3,384 shares in the company, valued at $1,527,842.16. The trade was a 22.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.83% of the stock is owned by insiders.

Domino’s Pizza Trading Down 1.1%

Shares of NASDAQ DPZ opened at $426.71 on Friday. The stock’s 50-day moving average is $448.20 and its 200 day moving average is $460.78. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 24.78, a P/E/G ratio of 2.34 and a beta of 1.12. Domino’s Pizza Inc has a 1-year low of $397.12 and a 1-year high of $500.55.

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

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $1.74 dividend. The ex-dividend date was Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.6%. Domino’s Pizza’s payout ratio is presently 40.42%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Melius assumed coverage on Domino’s Pizza in a research report on Monday, July 14th. They issued a “hold” rating and a $500.00 price target for the company. Guggenheim lifted their price target on Domino’s Pizza from $485.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. Barclays lifted their price target 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. Redburn Atlantic assumed coverage on Domino’s Pizza in a research report on Tuesday, June 10th. They issued a “sell” rating and a $340.00 price target for the company. Finally, UBS Group reiterated a “buy” rating and issued a $540.00 price target on shares of Domino’s Pizza in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $490.04.

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.