Envestnet Portfolio Solutions Inc. Sells 348 Shares of Domino’s Pizza Inc $DPZ

Envestnet Portfolio Solutions Inc. trimmed its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 15.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,925 shares of the restaurant operator’s stock after selling 348 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Domino’s Pizza were worth $867,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in DPZ. Alpine Bank Wealth Management bought a new position in shares of Domino’s Pizza in the 1st quarter worth $25,000. RMG Wealth Management LLC bought a new position in shares of Domino’s Pizza in the 2nd quarter worth $25,000. LRI Investments LLC bought a new position in shares of Domino’s Pizza in the 1st quarter worth $27,000. Zions Bancorporation National Association UT bought a new position in shares of Domino’s Pizza in the 1st quarter worth $27,000. Finally, Signature Resources Capital Management LLC bought a new position in shares of Domino’s Pizza in the 2nd quarter worth $29,000. 94.63% of the stock is currently owned by institutional investors.

Insider Activity

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of Domino’s Pizza stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the sale, the director owned 3,384 shares of the company’s stock, valued at $1,527,842.16. This trade represents a 22.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.83% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DPZ. Royal Bank Of Canada reduced their price target on Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Loop Capital raised their price target on Domino’s Pizza from $564.00 to $574.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Jefferies Financial Group reduced their price target on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. BTIG Research reaffirmed a “buy” rating and set a $530.00 price objective on shares of Domino’s Pizza in a research note on Wednesday, October 15th. Finally, Melius started coverage on Domino’s Pizza in a research note on Monday, July 14th. They set a “hold” rating and a $500.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $489.92.

Domino’s Pizza Trading Down 0.2%

Shares of Domino’s Pizza stock opened at $416.26 on Monday. The company has a market capitalization of $14.07 billion, a PE ratio of 24.33, a PEG ratio of 2.20 and a beta of 1.12. Domino’s Pizza Inc has a 12 month low of $397.12 and a 12 month high of $500.55. The stock’s fifty day simple moving average is $439.25 and its 200 day simple moving average is $457.34.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, topping the consensus estimate of $3.96 by $0.12. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.19 EPS. Analysts predict that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be paid a $1.74 dividend. The ex-dividend date of this dividend is Monday, December 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 40.68%.

Domino’s Pizza 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.