Domino’s Pizza Inc $DPZ Shares Sold by Annex Advisory Services LLC

Annex Advisory Services LLC reduced its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 97.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,439 shares of the restaurant operator’s stock after selling 50,689 shares during the quarter. Annex Advisory Services LLC’s holdings in Domino’s Pizza were worth $621,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. RMG Wealth Management LLC acquired a new position in shares of Domino’s Pizza in the 2nd quarter worth approximately $25,000. Signature Resources Capital Management LLC bought a new position in Domino’s Pizza during the second quarter worth $29,000. Mid American Wealth Advisory Group Inc. bought a new position in Domino’s Pizza during the second quarter worth $31,000. Atlantic Union Bankshares Corp acquired a new position in Domino’s Pizza in the second quarter worth $34,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Domino’s Pizza during the second quarter valued at $42,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Transactions at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 4,870 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total value of $2,113,872.20. Following the completion of the transaction, the executive vice president directly owned 6,744 shares of the company’s stock, valued at $2,927,300.64. This represents a 41.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Sanford C. Bernstein reissued a “market perform” rating and set a $490.00 target price on shares of Domino’s Pizza in a report on Tuesday, December 2nd. Royal Bank Of Canada lowered their price objective on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 15th. Citigroup dropped their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Piper Sandler reissued a “neutral” rating and issued a $445.00 target price on shares of Domino’s Pizza in a report on Monday, November 24th. Finally, BTIG Research reaffirmed a “buy” rating and set a $530.00 target price on shares of Domino’s Pizza in a report on Friday, November 14th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $490.40.

Domino’s Pizza Stock Down 1.0%

DPZ stock opened at $421.25 on Tuesday. The stock has a market cap of $14.23 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 2.25 and a beta of 1.14. The firm’s 50-day simple moving average is $416.69 and its 200 day simple moving average is $437.28. Domino’s Pizza Inc has a fifty-two week low of $392.89 and a fifty-two week high of $500.55.

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. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $4.19 EPS. Domino’s Pizza’s revenue was up 6.2% on a year-over-year basis. Equities analysts forecast 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 was paid on Friday, December 26th. Stockholders of record on Monday, December 15th were given a dividend of $1.74 per share. The ex-dividend date was Monday, December 15th. This represents a $6.96 annualized dividend and a dividend yield of 1.7%. Domino’s Pizza’s payout ratio is currently 40.68%.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.