Bank of America Corp DE Sells 27,861 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Posted by on Jun 4th, 2023

Bank of America Corp DE lessened its position in Domino’s Pizza, Inc. (NYSE:DPZ – Get Rating) by 10.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 243,655 shares of the restaurant operator’s stock after selling 27,861 shares during the period. Bank of America Corp DE owned about 0.69% of Domino’s Pizza worth $84,402,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. New York State Common Retirement Fund lifted its position in Domino’s Pizza by 2.8% during the fourth quarter. New York State Common Retirement Fund now owns 50,778 shares of the restaurant operator’s stock valued at $17,589,000 after purchasing an additional 1,397 shares during the period. Strs Ohio bought a new position in Domino’s Pizza during the fourth quarter valued at approximately $12,124,000. Cambridge Investment Research Advisors Inc. lifted its position in Domino’s Pizza by 2.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 4,904 shares of the restaurant operator’s stock valued at $1,699,000 after purchasing an additional 109 shares during the period. Fred Alger Management LLC lifted its position in Domino’s Pizza by 141.7% during the third quarter. Fred Alger Management LLC now owns 198,020 shares of the restaurant operator’s stock valued at $61,426,000 after purchasing an additional 116,100 shares during the period. Finally, Tredje AP fonden lifted its position in Domino’s Pizza by 2.0% during the fourth quarter. Tredje AP fonden now owns 7,254 shares of the restaurant operator’s stock valued at $2,513,000 after purchasing an additional 141 shares during the period. Institutional investors own 90.32% of the company’s stock.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Cynthia A. Headen sold 136 shares of the firm’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $300.00, for a total value of $40,800.00. Following the completion of the sale, the executive vice president now owns 4,867 shares in the company, valued at approximately $1,460,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.76% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DPZ. Morgan Stanley lowered their price objective on shares of Domino’s Pizza from $430.00 to $405.00 and set an “overweight” rating on the stock in a research report on Friday, February 24th. Evercore ISI decreased their price target on shares of Domino’s Pizza from $415.00 to $370.00 and set an “outperform” rating on the stock in a research report on Friday, February 24th. BMO Capital Markets increased their price target on shares of Domino’s Pizza from $380.00 to $395.00 in a research report on Friday, April 28th. Citigroup increased their price target on shares of Domino’s Pizza from $343.00 to $349.00 in a research report on Friday, April 28th. Finally, Oppenheimer decreased their price target on shares of Domino’s Pizza from $405.00 to $375.00 and set an “outperform” rating on the stock in a research report on Friday, February 24th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $356.04.

Domino’s Pizza Stock Up 2.2 %

DPZ stock opened at $303.19 on Friday. Domino’s Pizza, Inc. has a 52 week low of $285.84 and a 52 week high of $426.44. The company has a fifty day simple moving average of $316.93 and a two-hundred day simple moving average of $335.87. The firm has a market capitalization of $10.71 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 1.92 and a beta of 0.79.

Domino’s Pizza (NYSE:DPZ – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The restaurant operator reported $2.93 EPS for the quarter, beating the consensus estimate of $2.66 by $0.27. Domino’s Pizza had a net margin of 10.24% and a negative return on equity of 11.07%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business earned $2.50 earnings per share. Domino’s Pizza’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, analysts anticipate that Domino’s Pizza, Inc. will post 13.33 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders 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 yield of 1.60%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 37.32%.

Domino’s Pizza Company Profile

(Get Rating)

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.

Featured Articles

Institutional Ownership by Quarter for Domino's Pizza (NYSE:DPZ)

Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.