Bank of America Corp DE Sells 53,604 Shares of Domino’s Pizza Inc $DPZ

Bank of America Corp DE lessened its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 15.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 286,719 shares of the restaurant operator’s stock after selling 53,604 shares during the period. Bank of America Corp DE’s holdings in Domino’s Pizza were worth $102,872,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DPZ. Huntleigh Advisors Inc. raised its position in Domino’s Pizza by 5.0% during the 4th quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock worth $221,000 after buying an additional 25 shares during the last quarter. Diversify Advisory Services LLC boosted its holdings in shares of Domino’s Pizza by 5.1% in the 3rd quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator’s stock valued at $275,000 after acquiring an additional 33 shares during the last quarter. Andina Capital Management LLC increased its stake in shares of Domino’s Pizza by 3.1% in the fourth quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator’s stock worth $457,000 after acquiring an additional 33 shares during the period. Novem Group increased its stake in shares of Domino’s Pizza by 5.1% in the fourth quarter. Novem Group now owns 703 shares of the restaurant operator’s stock worth $293,000 after acquiring an additional 34 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Domino’s Pizza by 97.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 34 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on DPZ. KeyCorp reaffirmed a “sector weight” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. HSBC reduced their price objective on Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Piper Sandler decreased their price objective on Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating for the company in a report on Monday, April 27th. Royal Bank Of Canada upped their target price on Domino’s Pizza from $325.00 to $350.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Eighteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and an average target price of $402.16.

Domino’s Pizza Stock Down 2.1%

DPZ stock opened at $350.95 on Friday. The company’s 50-day simple moving average is $319.44 and its 200-day simple moving average is $351.85. Domino’s Pizza Inc has a 52-week low of $282.00 and a 52-week high of $469.00. The firm has a market cap of $11.61 billion, a P/E ratio of 19.91, a PEG ratio of 1.73 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The company had revenue of $1.19 billion during the quarter. During the same quarter in the prior year, the company earned $3.81 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts anticipate that Domino’s Pizza Inc will post 18.88 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is 45.15%.

Insider Activity at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 12,430 shares of Domino’s Pizza stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $3,011,718.08. The trade was a 57.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Russell J. Weiner sold 10,850 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the sale, the chief executive officer owned 43,829 shares of the company’s stock, valued at $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 24,742 shares of company stock worth $8,041,746. Company 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.