Avestar Capital LLC Reduces Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Avestar Capital LLC cut its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,270 shares of the restaurant operator’s stock after selling 93 shares during the period. Avestar Capital LLC’s holdings in Domino’s Pizza were worth $469,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BEAM Asset Management LLC raised its holdings in shares of Domino’s Pizza by 3.0% during the second quarter. BEAM Asset Management LLC now owns 918 shares of the restaurant operator’s stock valued at $353,000 after acquiring an additional 27 shares during the last quarter. Allred Capital Management LLC lifted its position in shares of Domino’s Pizza by 26.6% in the 1st quarter. Allred Capital Management LLC now owns 157 shares of the restaurant operator’s stock valued at $51,000 after acquiring an additional 33 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in Domino’s Pizza by 118.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 81 shares of the restaurant operator’s stock worth $30,000 after buying an additional 44 shares in the last quarter. HMS Capital Management LLC lifted its position in Domino’s Pizza by 2.6% in the 1st quarter. HMS Capital Management LLC now owns 1,839 shares of the restaurant operator’s stock worth $596,000 after buying an additional 46 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Domino’s Pizza by 2.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 2,367 shares of the restaurant operator’s stock valued at $875,000 after purchasing an additional 46 shares in the last quarter. 90.62% of the stock is currently owned by institutional investors.

Shares of NYSE DPZ opened at $386.61 on Friday. Domino’s Pizza, Inc. has a 1 year low of $220.90 and a 1 year high of $422.15. The company has a 50 day simple moving average of $383.38 and a 200 day simple moving average of $347.48. The firm has a market cap of $15.04 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 2.21 and a beta of 0.37.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, July 16th. The restaurant operator reported $2.99 EPS for the quarter, topping the consensus estimate of $2.25 by $0.74. Domino’s Pizza had a net margin of 12.11% and a negative return on equity of 14.01%. The company had revenue of $920.00 million during the quarter, compared to the consensus estimate of $913.62 million. During the same quarter last year, the firm posted $2.19 EPS. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Analysts predict that Domino’s Pizza, Inc. will post 12.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Monday, September 14th. Domino’s Pizza’s payout ratio is 32.60%.

A number of research firms recently issued reports on DPZ. BTIG Research raised their target price on shares of Domino’s Pizza from $405.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Stifel Nicolaus raised their target price on shares of Domino’s Pizza from $350.00 to $360.00 and gave the company a “hold” rating in a research note on Wednesday, May 27th. Jefferies Financial Group raised their target price on shares of Domino’s Pizza from $385.00 to $405.00 and gave the company a “hold” rating in a research note on Friday, July 17th. Wells Fargo & Co reiterated a “hold” rating on shares of Domino’s Pizza in a research note on Thursday, July 16th. Finally, MKM Partners raised their price target on shares of Domino’s Pizza from $375.00 to $385.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $402.86.

In other Domino’s Pizza news, CFO Jeffrey D. Lawrence sold 2,500 shares of the stock in a transaction on Monday, July 13th. The stock was sold at an average price of $402.15, for a total value of $1,005,375.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Russell J. Weiner sold 5,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $385.00, for a total value of $1,925,000.00. The disclosure for this sale can be found here. Insiders have sold 21,200 shares of company stock valued at $8,448,135 in the last three months. 1.74% of the stock is owned by insiders.

Domino’s Pizza Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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