Prime Capital Investment Advisors LLC Decreases Holdings in Domino’s Pizza Inc $DPZ

Prime Capital Investment Advisors LLC reduced its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,089 shares of the restaurant operator’s stock after selling 31 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Domino’s Pizza were worth $491,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in DPZ. Alpine Bank Wealth Management acquired a new position in shares of Domino’s Pizza during the 1st quarter worth about $25,000. LRI Investments LLC acquired a new position in Domino’s Pizza in the first quarter valued at approximately $27,000. Zions Bancorporation National Association UT acquired a new position in Domino’s Pizza in the first quarter valued at approximately $27,000. Signature Resources Capital Management LLC acquired a new position in Domino’s Pizza in the second quarter valued at approximately $29,000. Finally, SVB Wealth LLC acquired a new position in shares of Domino’s Pizza in the 1st quarter valued at $36,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $406.37 on Friday. Domino’s Pizza Inc has a fifty-two week low of $397.12 and a fifty-two week high of $500.55. The company has a market capitalization of $13.80 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 2.22 and a beta of 1.12. The firm has a 50-day simple moving average of $442.41 and a 200-day simple moving average of $459.03.

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

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $1.74 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $6.96 annualized dividend and a dividend yield of 1.7%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 40.42%.

Analyst Ratings Changes

Several research analysts have recently issued reports on DPZ shares. Wells Fargo & Company lowered their target price on shares of Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating for the company in a report on Wednesday. Melius started coverage on shares of Domino’s Pizza in a research note on Monday, July 14th. They issued a “hold” rating and a $500.00 price objective for the company. Piper Sandler decreased their target price on Domino’s Pizza from $477.00 to $443.00 and set a “neutral” rating for the company in a research report on Friday. Barclays decreased their target price on Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating for the company in a research report on Wednesday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Domino’s Pizza in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $493.30.

Insider Activity at Domino’s Pizza

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

About Domino’s Pizza

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.