Ieq Capital LLC Sells 581 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Posted by Defense World Staff on Apr 30th, 2023

Ieq Capital LLC lessened its holdings in Domino’s Pizza, Inc. (NYSE:DPZ – Get Rating) by 29.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,393 shares of the restaurant operator’s stock after selling 581 shares during the period. Ieq Capital LLC’s holdings in Domino’s Pizza were worth $482,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. General Partner Inc. bought a new position in shares of Domino’s Pizza in the 4th quarter worth approximately $28,000. Twin Lakes Capital Management LLC purchased a new stake in Domino’s Pizza in the 3rd quarter worth approximately $31,000. Luken Investment Analytics LLC purchased a new stake in Domino’s Pizza in the 4th quarter worth approximately $35,000. First Horizon Advisors Inc. increased its holdings in Domino’s Pizza by 41.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 136 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 40 shares in the last quarter. Finally, Wipfli Financial Advisors LLC purchased a new stake in Domino’s Pizza in the 3rd quarter worth approximately $50,000. Institutional investors own 90.32% of the company’s stock.

Analyst Ratings Changes

DPZ has been the subject of several analyst reports. Wells Fargo & Company increased their target price on shares of Domino’s Pizza from $300.00 to $310.00 and gave the stock an “equal weight” rating in a report on Friday, April 21st. Credit Suisse Group increased their target price on shares of Domino’s Pizza from $335.00 to $355.00 in a report on Friday. Morgan Stanley cut their price objective on shares of Domino’s Pizza from $430.00 to $405.00 and set an “overweight” rating for the company in a report on Friday, February 24th. UBS Group cut their price objective on shares of Domino’s Pizza from $410.00 to $370.00 and set a “buy” rating for the company in a report on Friday, February 24th. Finally, Evercore ISI cut their price objective on shares of Domino’s Pizza from $415.00 to $370.00 and set an “outperform” rating for the company in a report on Friday, February 24th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $354.31.

Domino’s Pizza Trading Up 0.1 %

NYSE:DPZ opened at $317.47 on Friday. Domino’s Pizza, Inc. has a twelve month low of $291.00 and a twelve month high of $426.44. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of 1.96 and a beta of 0.79. The stock has a fifty day simple moving average of $320.71 and a 200-day simple moving average of $341.22.

Domino’s Pizza (NYSE:DPZ – Get Rating) last released its earnings results on Thursday, April 27th. The restaurant operator reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.27. Domino’s Pizza had a negative return on equity of 11.07% and a net margin of 10.24%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company earned $2.50 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities research analysts predict that Domino’s Pizza, Inc. will post 13.03 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be given a dividend of $1.21 per share. The ex-dividend date is Wednesday, June 14th. This represents a $4.84 annualized dividend and a dividend yield of 1.52%. Domino’s Pizza’s dividend payout ratio (DPR) is 38.60%.

Insider Transactions at Domino’s Pizza

In other news, EVP Cynthia A. Headen sold 136 shares of Domino’s Pizza stock in a transaction on Monday, March 13th. The stock was sold at an average price of $300.00, for a total transaction of $40,800.00. Following the completion of the sale, the executive vice president now directly owns 4,867 shares in the company, valued at $1,460,100. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.76% of the company’s stock.

Domino’s Pizza Company Profile

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Domino’s Pizza, Inc engages in the management of a network of company-owned and franchise-owned pizza stores. It operates through the following segments: U.S. Stores, International Franchise, and Supply Chain. The U.S. Stores segment consists primarily of franchise operations. The International Franchise segment comprises a network of franchised stores.