Littlejohn Financial Services Inc. Cuts Stake in Domino’s Pizza Inc $DPZ

Littlejohn Financial Services Inc. reduced its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 7.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,987 shares of the restaurant operator’s stock after selling 336 shares during the quarter. Domino’s Pizza comprises approximately 1.4% of Littlejohn Financial Services Inc.’s holdings, making the stock its 27th largest position. Littlejohn Financial Services Inc.’s holdings in Domino’s Pizza were worth $1,797,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DPZ. Wood Tarver Financial Group LLC purchased a new stake in Domino’s Pizza during the 4th quarter valued at approximately $25,000. Alpine Bank Wealth Management purchased a new stake in Domino’s Pizza during the 1st quarter valued at approximately $25,000. LRI Investments LLC purchased a new stake in Domino’s Pizza during the 1st quarter valued at approximately $27,000. Zions Bancorporation National Association UT purchased a new stake in Domino’s Pizza during the 1st quarter valued at approximately $27,000. Finally, SVB Wealth LLC purchased a new stake in Domino’s Pizza during the 1st quarter valued at approximately $36,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Benchmark raised their target price on shares of Domino’s Pizza from $535.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Melius assumed coverage on shares of Domino’s Pizza in a report on Monday, July 14th. They issued a “hold” rating and a $500.00 target price for the company. Morgan Stanley raised their target price on shares of Domino’s Pizza from $510.00 to $514.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Redburn Atlantic assumed coverage on shares of Domino’s Pizza in a report on Tuesday, June 10th. They issued a “sell” rating and a $340.00 target price for the company. Finally, UBS Group reissued a “buy” rating and issued a $540.00 target price on shares of Domino’s Pizza in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $490.78.

Insider Transactions at Domino’s Pizza

In related news, Director James A. Goldman sold 1,000 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the sale, the director directly owned 3,384 shares in the company, valued at $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

Domino’s Pizza Stock Up 0.3%

Shares of DPZ opened at $425.30 on Thursday. The company has a market cap of $14.44 billion, a PE ratio of 24.70, a P/E/G ratio of 2.32 and a beta of 1.09. The business has a fifty day moving average of $454.34 and a 200 day moving average of $461.17. Domino’s Pizza Inc has a 52-week low of $397.12 and a 52-week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.93 by ($0.12). The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Domino’s Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.03 earnings per share. As a group, research analysts anticipate that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $1.74 dividend. The ex-dividend date is Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.6%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 40.42%.

Domino’s Pizza Company Profile

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.