Domino’s Pizza, Inc. (NYSE:DPZ) Stake Trimmed by Amalgamated Bank

Amalgamated Bank cut its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 4.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,251 shares of the restaurant operator’s stock after selling 310 shares during the quarter. Amalgamated Bank’s holdings in Domino’s Pizza were worth $3,744,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DPZ. Blue Trust Inc. increased its holdings in shares of Domino’s Pizza by 162.5% in the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 39 shares during the period. Crewe Advisors LLC purchased a new stake in Domino’s Pizza in the 1st quarter worth approximately $36,000. Versant Capital Management Inc boosted its stake in shares of Domino’s Pizza by 654.5% during the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 72 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of Domino’s Pizza by 41.8% during the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 33 shares in the last quarter. Finally, ORG Partners LLC acquired a new position in shares of Domino’s Pizza in the second quarter worth $62,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Stock Up 0.7 %

Domino’s Pizza stock opened at $414.42 on Monday. The business has a 50 day moving average price of $425.01 and a two-hundred day moving average price of $472.71. Domino’s Pizza, Inc. has a 12 month low of $330.05 and a 12 month high of $542.75. The stock has a market cap of $14.45 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 2.14 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, topping the consensus estimate of $3.68 by $0.35. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. Domino’s Pizza’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $3.08 earnings per share. On average, analysts expect that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, September 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Analyst Ratings Changes

DPZ has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on Domino’s Pizza from $450.00 to $470.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Barclays lowered their price target on Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating for the company in a research note on Friday, July 19th. Loop Capital reaffirmed a “hold” rating and set a $419.00 price objective on shares of Domino’s Pizza in a research report on Friday. The Goldman Sachs Group began coverage on shares of Domino’s Pizza in a research report on Thursday, June 13th. They issued a “buy” rating and a $612.00 target price for the company. Finally, Benchmark cut their price target on shares of Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $507.93.

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.