Paragon Capital Management Ltd trimmed its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 25.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,557 shares of the restaurant operator’s stock after selling 543 shares during the quarter. Paragon Capital Management Ltd’s holdings in Domino’s Pizza were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its position in Domino’s Pizza by 51.2% during the 4th quarter. FMR LLC now owns 2,065,435 shares of the restaurant operator’s stock worth $512,206,000 after acquiring an additional 699,502 shares during the period. William Blair Investment Management LLC boosted its position in Domino’s Pizza by 21.4% during the 1st quarter. William Blair Investment Management LLC now owns 911,602 shares of the restaurant operator’s stock worth $235,284,000 after acquiring an additional 161,000 shares during the period. Principal Financial Group Inc. boosted its position in Domino’s Pizza by 375.3% during the 1st quarter. Principal Financial Group Inc. now owns 873,859 shares of the restaurant operator’s stock worth $225,544,000 after acquiring an additional 690,006 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Domino’s Pizza by 264.0% in the first quarter. Wells Fargo & Company MN now owns 482,044 shares of the restaurant operator’s stock valued at $124,415,000 after buying an additional 349,600 shares during the period. Finally, Norges Bank acquired a new stake in shares of Domino’s Pizza in the fourth quarter valued at $116,931,000. Institutional investors and hedge funds own 97.07% of the company’s stock.
Several brokerages have recently weighed in on DPZ. Oppenheimer cut their price objective on Domino’s Pizza from $310.00 to $295.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Maxim Group restated a “buy” rating and issued a $110.00 price objective on shares of First Republic Bank in a report on Wednesday, July 17th. Mizuho restated a “buy” rating and issued a $12.00 price objective on shares of Viewray in a report on Wednesday, July 17th. Wells Fargo & Co restated a “buy” rating and issued a $85.00 price objective on shares of Carvana in a report on Monday, July 1st. Finally, OTR Global lowered Domino’s Pizza to a “positive” rating and set a $280.00 price objective for the company. in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. Domino’s Pizza presently has a consensus rating of “Buy” and an average price target of $294.89.
Shares of Domino’s Pizza stock traded down $1.61 on Friday, reaching $259.06. 543,923 shares of the company were exchanged, compared to its average volume of 1,154,141. The business has a fifty day simple moving average of $275.14. The stock has a market cap of $10.81 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 1.88 and a beta of 0.48. Domino’s Pizza, Inc. has a fifty-two week low of $231.28 and a fifty-two week high of $305.34.
Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Tuesday, July 16th. The restaurant operator reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.19. The company had revenue of $811.65 million for the quarter, compared to analyst estimates of $834.87 million. Domino’s Pizza had a negative return on equity of 12.81% and a net margin of 10.83%. Domino’s Pizza’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.84 earnings per share. On average, analysts expect that Domino’s Pizza, Inc. will post 9.44 EPS for the current fiscal year.
In other news, CEO Richard E. Allison, Jr. sold 10,000 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $279.19, for a total transaction of $2,791,900.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.62% of the stock is owned by insiders.
Domino’s Pizza Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
Further Reading: Retained Earnings
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