Securian Asset Management Inc. Sells 100 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Securian Asset Management Inc. lowered its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 4.7% in the second quarter, HoldingsChannel.com reports. The firm owned 2,033 shares of the restaurant operator’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Domino’s Pizza were worth $1,050,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new position in Domino’s Pizza in the 1st quarter valued at approximately $36,000. Versant Capital Management Inc grew 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 worth $43,000 after acquiring an additional 72 shares in the last quarter. Quadrant Capital Group LLC grew 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 worth $46,000 after acquiring an additional 33 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of Domino’s Pizza in the 4th quarter worth about $78,000. Finally, Quarry LP lifted its holdings in Domino’s Pizza by 130.2% during the fourth quarter. Quarry LP now owns 198 shares of the restaurant operator’s stock valued at $82,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

NYSE DPZ traded up $3.24 during trading hours on Monday, hitting $441.64. The company’s stock had a trading volume of 260,929 shares, compared to its average volume of 594,009. Domino’s Pizza, Inc. has a 12 month low of $330.05 and a 12 month high of $542.75. The company’s 50 day simple moving average is $481.21 and its two-hundred day simple moving average is $475.20. The company has a market cap of $15.40 billion, a P/E ratio of 28.75, a price-to-earnings-growth ratio of 2.24 and a beta of 0.87.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm posted $3.08 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, research analysts predict that Domino’s Pizza, Inc. will post 16.19 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

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 issued a $1.51 dividend. The ex-dividend date is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a yield of 1.37%. Domino’s Pizza’s dividend payout ratio is presently 39.43%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DPZ shares. The Goldman Sachs Group assumed coverage on Domino’s Pizza in a research report on Thursday, June 13th. They set a “buy” rating and a $612.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. HSBC increased their price objective on Domino’s Pizza from $507.00 to $583.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Robert W. Baird raised Domino’s Pizza from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $530.00 to $580.00 in a research note on Monday, July 8th. Finally, BTIG Research raised their price target on Domino’s Pizza from $515.00 to $580.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $517.39.

Domino’s Pizza Company 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.