ABLE Financial Group LLC Lowers Holdings in Domino’s Pizza Inc $DPZ

ABLE Financial Group LLC trimmed its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,730 shares of the restaurant operator’s stock after selling 29 shares during the quarter. ABLE Financial Group LLC’s holdings in Domino’s Pizza were worth $2,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DPZ. Wood Tarver Financial Group LLC purchased a new position in shares of Domino’s Pizza during the 4th quarter valued at approximately $25,000. Alpine Bank Wealth Management purchased a new position in shares of Domino’s Pizza in the first quarter worth approximately $25,000. LRI Investments LLC acquired a new stake in shares of Domino’s Pizza during the first quarter valued at approximately $27,000. Zions Bancorporation National Association UT purchased a new stake in shares of Domino’s Pizza in the 1st quarter valued at approximately $27,000. Finally, SVB Wealth LLC acquired a new position in Domino’s Pizza in the 1st quarter worth approximately $36,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DPZ. Morgan Stanley increased their price objective on Domino’s Pizza from $510.00 to $514.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. UBS Group reaffirmed a “buy” rating and set a $540.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, July 22nd. Royal Bank Of Canada lowered Domino’s Pizza from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $550.00 to $500.00 in a research report on Tuesday, July 29th. Sanford C. Bernstein raised their price objective on shares of Domino’s Pizza from $460.00 to $490.00 and gave the company a “market perform” rating in a research report on Tuesday, July 22nd. Finally, Melius began coverage on Domino’s Pizza in a research note on Monday, July 14th. They set a “hold” rating and a $500.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $490.78.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $428.71 on Monday. The firm’s 50 day moving average price is $456.93 and its two-hundred day moving average price is $462.01. Domino’s Pizza Inc has a 52-week low of $397.12 and a 52-week high of $500.55. The stock has a market cap of $14.55 billion, a PE ratio of 24.90, a PEG ratio of 2.35 and a beta of 1.09.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing analysts’ consensus estimates of $3.93 by ($0.12). The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $4.03 EPS. As a group, sell-side analysts predict that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 40.42%.

Insider Buying and Selling

In related news, Director James A. Goldman sold 1,000 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the transaction, the director owned 3,384 shares of the company’s stock, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.83% of the company’s stock.

Domino’s Pizza Company 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.