Narwhal Capital Management Lowers Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Narwhal Capital Management lowered its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 4.2% during the second quarter, HoldingsChannel.com reports. The firm owned 6,241 shares of the restaurant operator’s stock after selling 272 shares during the period. Narwhal Capital Management’s holdings in Domino’s Pizza were worth $3,222,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Blue Trust Inc. raised its position 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 worth $31,000 after buying an additional 39 shares during the period. Crewe Advisors LLC purchased a new position in shares of Domino’s Pizza in the 1st quarter worth about $36,000. Versant Capital Management Inc lifted its stake in shares of Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 72 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Domino’s Pizza by 41.8% in the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 33 shares in the last quarter. Finally, ORG Partners LLC purchased a new stake in shares of Domino’s Pizza during the 2nd quarter worth about $62,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DPZ has been the topic of a number of recent research reports. Baird R W raised shares of Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 8th. Oppenheimer reduced their target price on shares of Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday. TD Securities reiterated a “buy” rating and issued a $580.00 price target on shares of Domino’s Pizza in a report on Thursday, May 16th. Benchmark reduced their price objective on Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, Stephens lowered their target price on Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $514.18.

Domino’s Pizza Stock Down 0.4 %

NYSE:DPZ opened at $408.68 on Friday. The company has a market cap of $14.25 billion, a PE ratio of 26.68, a P/E/G ratio of 2.17 and a beta of 0.86. The business’s 50 day moving average is $440.95 and its two-hundred day moving average is $474.36. Domino’s Pizza, Inc. has a 52 week low of $330.05 and a 52 week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.35. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. Domino’s Pizza’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.08 earnings per share. As a group, sell-side analysts expect that Domino’s Pizza, Inc. will post 16.23 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $1.51 dividend. The ex-dividend date is Friday, September 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.48%. Domino’s Pizza’s payout ratio is currently 39.43%.

Domino’s Pizza Profile

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.