IFP Advisors Inc Has $127,000 Holdings in Domino’s Pizza Inc $DPZ

IFP Advisors Inc lessened its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 86.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 304 shares of the restaurant operator’s stock after selling 2,019 shares during the period. IFP Advisors Inc’s holdings in Domino’s Pizza were worth $127,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Johnson Financial Group Inc. raised its stake in Domino’s Pizza by 200.0% in the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 56 shares in the last quarter. MUFG Securities EMEA plc bought a new position in Domino’s Pizza in the second quarter valued at about $46,000. Smartleaf Asset Management LLC grew its position in Domino’s Pizza by 64.2% in the third quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 43 shares during the last quarter. Atlantic Union Bankshares Corp grew its position in Domino’s Pizza by 85.5% in the third quarter. Atlantic Union Bankshares Corp now owns 141 shares of the restaurant operator’s stock valued at $61,000 after acquiring an additional 65 shares during the last quarter. Finally, Private Trust Co. NA grew its position in Domino’s Pizza by 25.5% in the fourth quarter. Private Trust Co. NA now owns 172 shares of the restaurant operator’s stock valued at $72,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. UBS Group lowered their price objective on shares of Domino’s Pizza from $480.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Argus upgraded shares of Domino’s Pizza to a “hold” rating in a research report on Monday, March 9th. BMO Capital Markets dropped their price target on Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating for the company in a research note on Tuesday, April 28th. Benchmark dropped their price target on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Finally, Piper Sandler dropped their price target on Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating for the company in a research note on Monday, April 27th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Domino’s Pizza has a consensus rating of “Hold” and an average target price of $418.13.

Domino’s Pizza Price Performance

DPZ opened at $310.56 on Friday. Domino’s Pizza Inc has a fifty-two week low of $297.48 and a fifty-two week high of $496.00. The firm has a market capitalization of $10.33 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.44 and a beta of 1.02. The company’s 50 day moving average price is $344.86 and its two-hundred day moving average price is $386.02.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results 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). The business had revenue of $1.15 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.Domino’s Pizza’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.33 earnings per share. As a group, equities research analysts predict that Domino’s Pizza Inc will post 19.14 EPS for the current year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s dividend payout ratio is presently 45.83%.

Insiders Place Their Bets

In other news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction dated 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 in the company, valued at $2,928,672.32. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.89% of the stock is owned by insiders.

Domino’s Pizza Company Profile

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.