Parr Mcknight Wealth Management Group LLC Cuts Stake in Domino’s Pizza Inc $DPZ

Parr Mcknight Wealth Management Group LLC lowered its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 64.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,089 shares of the restaurant operator’s stock after selling 1,933 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in Domino’s Pizza were worth $454,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. MUFG Securities EMEA plc increased its stake in shares of Domino’s Pizza by 114.4% during the fourth quarter. MUFG Securities EMEA plc now owns 1,282 shares of the restaurant operator’s stock valued at $534,000 after buying an additional 684 shares during the period. AdvisorShares Investments LLC grew its stake in Domino’s Pizza by 321.8% in the fourth quarter. AdvisorShares Investments LLC now owns 1,468 shares of the restaurant operator’s stock valued at $612,000 after purchasing an additional 1,120 shares during the last quarter. Norges Bank purchased a new position in Domino’s Pizza in the fourth quarter valued at about $285,116,000. Amica Mutual Insurance Co. grew its stake in Domino’s Pizza by 59.8% in the fourth quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock valued at $6,909,000 after purchasing an additional 6,203 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Domino’s Pizza in the fourth quarter valued at about $2,850,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DPZ. Rothschild & Co Redburn decreased their target price on Domino’s Pizza from $340.00 to $290.00 in a report on Monday, May 11th. Gordon Haskett decreased their target price on Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Weiss Ratings downgraded Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday. BTIG Research decreased their target price on Domino’s Pizza from $500.00 to $450.00 and set a “buy” rating for the company in a report on Monday, April 27th. Finally, Stifel Nicolaus set a $400.00 price target on Domino’s Pizza in a research report on Monday, April 27th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $418.13.

Insider Activity at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total value of $152,822.08. Following the completion of the sale, the executive vice president directly owned 9,352 shares in the company, valued at $2,928,672.32. The trade was a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.89% of the stock is owned by company insiders.

Domino’s Pizza Trading Down 0.0%

Shares of DPZ stock opened at $310.56 on Monday. The stock has a 50 day moving average of $344.86 and a 200 day moving average of $385.87. The stock has a market cap of $10.33 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.44 and a beta of 0.98. Domino’s Pizza Inc has a twelve month low of $297.48 and a twelve month high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.16). The company had revenue of $1.15 billion for the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $4.33 EPS. On average, research analysts predict that Domino’s Pizza Inc will post 19.14 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $1.99 dividend. The ex-dividend date is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.6%. Domino’s Pizza’s payout ratio is 45.83%.

Domino’s Pizza Company 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.