Brookstone Capital Management Trims Holdings in Domino’s Pizza Inc $DPZ

Brookstone Capital Management decreased its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 77.7% in the first quarter, HoldingsChannel reports. The firm owned 831 shares of the restaurant operator’s stock after selling 2,889 shares during the quarter. Brookstone Capital Management’s holdings in Domino’s Pizza were worth $298,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of DPZ. SHP Wealth Management acquired a new position in Domino’s Pizza in the 4th quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Domino’s Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 34 shares during the period. Johnson Financial Group Inc. lifted its stake in Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 56 shares during the period. Arax Advisory Partners purchased a new stake in shares of Domino’s Pizza in the 4th quarter valued at $42,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Domino’s Pizza in the 2nd quarter valued at $46,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Transactions at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 488 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the completion of the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $2,928,672.32. This represents a 4.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 1,463 shares of company stock worth $466,807 in the last quarter. Corporate insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a $325.00 target price on shares of Domino’s Pizza in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Domino’s Pizza from $480.00 to $435.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Argus raised Domino’s Pizza to a “hold” rating in a research report on Monday, March 9th. Rothschild & Co Redburn reduced their price objective on Domino’s Pizza from $340.00 to $290.00 in a research note on Monday, May 11th. Finally, Evercore reduced their price objective on Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating for the company in a research note on Tuesday, April 28th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $412.97.

Domino’s Pizza Price Performance

DPZ opened at $294.05 on Tuesday. The firm has a fifty day moving average price of $319.90 and a 200 day moving average price of $370.21. Domino’s Pizza Inc has a 1 year low of $282.00 and a 1 year high of $496.00. The stock has a market cap of $9.78 billion, a P/E ratio of 16.93, a P/E/G ratio of 1.39 and a beta of 0.98.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The firm had revenue of $1.15 billion during the quarter. During the same period last year, the firm earned $4.33 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities analysts expect that Domino’s Pizza Inc will post 18.99 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $1.99 per share. The ex-dividend date is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.7%. Domino’s Pizza’s dividend payout ratio is currently 45.83%.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.