Domino’s Pizza, Inc. (NYSE:DPZ) Shares Sold by First Foundation Advisors

First Foundation Advisors reduced its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 39.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180 shares of the restaurant operator’s stock after selling 116 shares during the period. First Foundation Advisors’ holdings in Domino’s Pizza were worth $93,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in Domino’s Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after buying an additional 39 shares in the last quarter. Crewe Advisors LLC purchased a new stake in Domino’s Pizza during the 1st quarter worth approximately $36,000. Versant Capital Management Inc increased its stake in Domino’s Pizza by 654.5% during the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after buying an additional 72 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Domino’s Pizza by 41.8% during the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after buying an additional 33 shares in the last quarter. Finally, ORG Partners LLC purchased a new stake in Domino’s Pizza during the 2nd quarter worth approximately $62,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Royal Bank of Canada cut their price objective on Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Loop Capital dropped their price target on Domino’s Pizza from $507.00 to $419.00 and set a “hold” rating for the company in a research report on Friday, July 19th. Oppenheimer dropped their price target on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a research report on Friday, September 6th. TD Cowen restated a “buy” rating and issued a $610.00 price target on shares of Domino’s Pizza in a research report on Thursday, July 18th. Finally, Baird R W upgraded Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $514.18.

Domino’s Pizza Stock Down 0.8 %

NYSE:DPZ opened at $416.77 on Wednesday. The stock’s fifty day moving average is $437.73 and its two-hundred day moving average is $474.97. Domino’s Pizza, Inc. has a 52 week low of $330.05 and a 52 week high of $542.75. The stock has a market capitalization of $14.54 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 2.14 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.35. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $3.08 earnings per share. On average, sell-side analysts expect that Domino’s Pizza, Inc. will post 16.25 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, September 13th. Domino’s Pizza’s payout ratio is currently 39.43%.

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.