Linden Thomas Advisory Services LLC Cuts Stock Holdings in Domino’s Pizza Inc $DPZ

Linden Thomas Advisory Services LLC reduced its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,200 shares of the restaurant operator’s stock after selling 65 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Domino’s Pizza were worth $1,442,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. RMG Wealth Management LLC bought a new stake in shares of Domino’s Pizza during the 2nd quarter valued at $25,000. LRI Investments LLC purchased a new position in shares of Domino’s Pizza in the 1st quarter worth about $27,000. Zions Bancorporation National Association UT purchased a new position in shares of Domino’s Pizza in the 1st quarter worth about $27,000. Signature Resources Capital Management LLC purchased a new stake in Domino’s Pizza during the 2nd quarter valued at about $29,000. Finally, Mid American Wealth Advisory Group Inc. purchased a new stake in Domino’s Pizza during the 2nd quarter valued at about $31,000. 94.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wells Fargo & Company lowered their price target on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 8th. Royal Bank Of Canada decreased their target price on Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 15th. Benchmark boosted their price target on Domino’s Pizza from $535.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Barclays reduced their target price on Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating on the stock in a report on Wednesday, October 8th. Finally, Morgan Stanley boosted their price objective on Domino’s Pizza from $520.00 to $535.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Hold” and an average price target of $489.92.

Insider Buying and Selling

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of the company’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 sale, the director directly owned 3,384 shares of the company’s stock, valued at approximately $1,527,842.16. This 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 can be accessed through this link. Insiders own 0.83% of the company’s stock.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $414.86 on Friday. The stock’s fifty day moving average price is $436.64 and its 200 day moving average price is $456.68. Domino’s Pizza Inc has a 1 year low of $397.12 and a 1 year high of $500.55. The company has a market cap of $14.02 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 2.20 and a beta of 1.12.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm earned $4.19 EPS. The firm’s revenue was up 6.2% on a year-over-year basis. Research analysts expect that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be issued a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, December 15th. Domino’s Pizza’s dividend payout ratio is presently 40.68%.

About Domino’s Pizza

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.