Stephens Investment Management Group LLC Sells 55,507 Shares of Domino’s Pizza Inc $DPZ

Stephens Investment Management Group LLC reduced its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 30.6% during the 1st quarter, HoldingsChannel reports. The firm owned 125,665 shares of the restaurant operator’s stock after selling 55,507 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Domino’s Pizza were worth $45,087,000 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. Jump Financial LLC bought a new position in Domino’s Pizza in the 2nd quarter worth approximately $3,183,000. Investment Management Corp of Ontario lifted its holdings in shares of Domino’s Pizza by 68.3% during the second quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock worth $718,000 after buying an additional 647 shares during the last quarter. Sei Investments Co. boosted its position in shares of Domino’s Pizza by 21.7% in the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock valued at $36,480,000 after acquiring an additional 14,452 shares during the period. Glenview Trust co boosted its position in shares of Domino’s Pizza by 36.9% in the second quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock valued at $511,000 after acquiring an additional 306 shares during the period. Finally, HUB Investment Partners LLC grew its stake in shares of Domino’s Pizza by 17.3% in the second quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock worth $596,000 after acquiring an additional 195 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Jefferies Financial Group cut their target price on shares of Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a research note on Tuesday, April 28th. Wells Fargo & Company decreased their price target on shares of Domino’s Pizza from $400.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 28th. Morgan Stanley dropped their price objective on shares of Domino’s Pizza from $430.00 to $395.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 28th. Argus raised shares of Domino’s Pizza to a “hold” rating in a research report on Monday, March 9th. Finally, BTIG Research reduced their target price on shares of Domino’s Pizza from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Seventeen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average price target of $411.35.

Domino’s Pizza Stock Performance

NASDAQ DPZ opened at $311.66 on Friday. Domino’s Pizza Inc has a 1-year low of $282.00 and a 1-year high of $496.00. The company has a market capitalization of $10.37 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.45 and a beta of 0.97. The stock’s 50 day moving average is $314.84 and its two-hundred day moving average is $367.20.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The company had revenue of $1.15 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.33 earnings per share. On average, analysts predict that Domino’s Pizza Inc will post 18.99 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, June 15th. Domino’s Pizza’s dividend payout ratio is currently 45.83%.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the completion of the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $2,928,672.32. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 1,463 shares of company stock worth $466,807 in the last three months. Corporate insiders own 0.89% of the company’s stock.

Domino’s Pizza Profile

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.