Allspring Global Investments Holdings LLC Has $673,000 Position in Domino’s Pizza Inc $DPZ

Allspring Global Investments Holdings LLC reduced its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 57.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,472 shares of the restaurant operator’s stock after selling 2,013 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Domino’s Pizza were worth $673,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alpine Bank Wealth Management acquired a new stake in shares of Domino’s Pizza in the first quarter valued at about $25,000. RMG Wealth Management LLC acquired a new stake in shares of Domino’s Pizza in the second quarter valued at about $25,000. LRI Investments LLC acquired a new stake in shares of Domino’s Pizza in the first quarter valued at about $27,000. Zions Bancorporation National Association UT acquired a new stake in shares of Domino’s Pizza in the first quarter valued at about $27,000. Finally, Signature Resources Capital Management LLC bought a new stake in shares of Domino’s Pizza in the second quarter valued at about $29,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DPZ has been the subject of several research reports. Melius initiated coverage on shares of Domino’s Pizza in a research note on Monday, July 14th. They issued a “hold” rating and a $500.00 target price for the company. Bank of America increased their target price on shares of Domino’s Pizza from $514.00 to $536.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Benchmark increased their target price on shares of Domino’s Pizza from $535.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Piper Sandler reduced their target price on shares of Domino’s Pizza from $477.00 to $443.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Finally, Guggenheim increased their target price on shares of 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 analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued 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 a consensus rating of “Moderate Buy” and an average target price of $489.92.

Domino’s Pizza Stock Down 0.7%

Shares of DPZ opened at $421.76 on Friday. The stock has a market cap of $14.25 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 2.25 and a beta of 1.12. Domino’s Pizza Inc has a 12 month low of $397.12 and a 12 month high of $500.55. The company has a 50-day moving average price of $437.37 and a two-hundred day moving average price of $456.61.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. Domino’s Pizza’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.19 earnings per share. Equities research 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 disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be paid a $1.74 dividend. 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 payout ratio is currently 40.68%.

Insider Activity at Domino’s Pizza

In other news, Director James A. Goldman sold 1,000 shares of the firm’s stock in a transaction 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 directly owned 3,384 shares in the company, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.83% of the company’s stock.

Domino’s Pizza Company 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.