Cypress Capital Group Has $847,000 Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Cypress Capital Group lessened its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 10.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,641 shares of the restaurant operator’s stock after selling 194 shares during the quarter. Cypress Capital Group’s holdings in Domino’s Pizza were worth $847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DPZ. Blue Trust Inc. boosted its position in Domino’s Pizza by 162.5% during the second 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 last quarter. Crewe Advisors LLC acquired a new position in shares of Domino’s Pizza during the 1st quarter worth $36,000. Versant Capital Management Inc raised its holdings 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 worth $43,000 after buying an additional 72 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in 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 purchasing an additional 33 shares in the last quarter. Finally, ORG Partners LLC bought a new stake in shares of Domino’s Pizza in the 2nd quarter valued at about $62,000. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Up 0.7 %

DPZ traded up $2.86 during trading hours on Monday, hitting $428.14. 76,386 shares of the company’s stock were exchanged, compared to its average volume of 596,735. The stock’s 50-day moving average is $463.59 and its two-hundred day moving average is $475.87. The stock has a market cap of $14.93 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 2.24 and a beta of 0.87. Domino’s Pizza, Inc. has a 1-year low of $330.05 and a 1-year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, beating the consensus estimate of $3.68 by $0.35. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.08 EPS. On average, equities research analysts anticipate that Domino’s Pizza, Inc. will post 16.19 EPS for the current year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, September 13th. Domino’s Pizza’s dividend payout ratio is presently 39.43%.

Analyst Ratings Changes

DPZ has been the subject of several analyst reports. BTIG Research increased their price objective 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. Wells Fargo & Company raised their price target on Domino’s Pizza from $475.00 to $525.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Robert W. Baird upgraded Domino’s Pizza from a “neutral” rating to an “outperform” rating and raised their price target for the company from $530.00 to $580.00 in a research report on Monday, July 8th. JPMorgan Chase & Co. cut their target price on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. Finally, The Goldman Sachs Group started coverage on Domino’s Pizza in a research report on Thursday, June 13th. They issued a “buy” rating and a $612.00 price target on the stock. One 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 stock. Based on data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average target price of $517.39.

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.