Domino’s Pizza, Inc. (NYSE:DPZ) Stock Position Reduced by Burney Co.

Burney Co. decreased its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 2.0% in the first quarter, Holdings Channel reports. The institutional investor owned 1,573 shares of the restaurant operator’s stock after selling 32 shares during the quarter. Burney Co.’s holdings in Domino’s Pizza were worth $782,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Domino’s Pizza during the fourth quarter worth $25,000. Crewe Advisors LLC acquired a new position in Domino’s Pizza in the 1st quarter worth about $36,000. Quadrant Capital Group LLC increased its position in Domino’s Pizza by 41.8% in the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 33 shares during the last quarter. Alaska Permanent Fund Corp purchased a new stake in shares of Domino’s Pizza during the 1st quarter worth about $90,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Domino’s Pizza during the 4th quarter valued at about $78,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ stock traded up $2.36 during mid-day trading on Friday, reaching $429.00. The company’s stock had a trading volume of 550,942 shares, compared to its average volume of 959,243. The firm’s 50-day moving average is $488.74 and its two-hundred day moving average is $474.26. Domino’s Pizza, Inc. has a 1-year low of $330.05 and a 1-year high of $542.75. The company has a market cap of $15.00 billion, a P/E ratio of 28.00, a PEG ratio of 2.24 and a beta of 0.87.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the business posted $3.08 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts anticipate that Domino’s Pizza, Inc. will post 16.19 EPS for the current year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, September 13th. Domino’s Pizza’s dividend payout ratio (DPR) is 39.43%.

Analyst Ratings Changes

A number of research firms recently commented on DPZ. Wedbush restated an “outperform” rating and issued a $575.00 price objective on shares of Domino’s Pizza in a report on Monday, July 15th. Stephens dropped their price target on shares of Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Citigroup lifted their price objective on shares of Domino’s Pizza from $505.00 to $530.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. The Goldman Sachs Group started coverage on shares of Domino’s Pizza in a research report on Thursday, June 13th. They set a “buy” rating and a $612.00 target price on the stock. Finally, HSBC boosted their price target on Domino’s Pizza from $507.00 to $583.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. One investment 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $517.39.

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.