Bank of America Corp DE Has $102.87 Million Stock Position in Domino’s Pizza Inc $DPZ

Bank of America Corp DE cut its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 15.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 286,719 shares of the restaurant operator’s stock after selling 53,604 shares during the period. Bank of America Corp DE owned 0.86% of Domino’s Pizza worth $102,872,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. SHP Wealth Management bought a new stake in Domino’s Pizza in the 4th quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC increased its position 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 worth $29,000 after buying an additional 34 shares during the period. Johnson Financial Group Inc. increased its position 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 worth $36,000 after buying an additional 56 shares during the period. MBM Wealth Consultants LLC acquired a new stake in shares of Domino’s Pizza during the first quarter worth $31,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Domino’s Pizza by 450.0% during the first quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock worth $33,000 after buying an additional 81 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Robert W. Baird decreased their price target on shares of Domino’s Pizza from $400.00 to $350.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. Citigroup lowered their target price on shares of Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. Evercore reiterated an “outperform” rating on shares of Domino’s Pizza in a research report on Thursday, July 9th. Gordon Haskett cut their price target on Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Finally, BMO Capital Markets reduced their price target on Domino’s Pizza from $450.00 to $420.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Eighteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $402.16.

Domino’s Pizza Stock Down 2.1%

DPZ stock opened at $350.95 on Friday. The company’s 50-day moving average price is $319.44 and its two-hundred day moving average price is $351.85. The firm has a market cap of $11.61 billion, a P/E ratio of 19.91, a P/E/G ratio of 1.73 and a beta of 0.94. Domino’s Pizza Inc has a 12 month low of $282.00 and a 12 month high of $469.00.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm had revenue of $1.19 billion for the quarter. During the same quarter last year, the company earned $3.81 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts predict that Domino’s Pizza Inc will post 18.88 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.15%.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, CEO Russell J. Weiner sold 10,850 shares of Domino’s Pizza stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the transaction, the chief executive officer owned 43,829 shares in the company, valued at $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kelly E. Garcia sold 12,430 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $3,011,718.08. The trade was a 57.07% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 24,742 shares of company stock worth $8,041,746. Corporate insiders own 0.89% of the company’s stock.

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.