SeaCrest Wealth Management LLC Cuts Stock Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

SeaCrest Wealth Management LLC decreased its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 19.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,257 shares of the restaurant operator’s stock after selling 297 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Domino’s Pizza were worth $350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DPZ. Principal Financial Group Inc. boosted its stake in Domino’s Pizza by 375.3% in the first quarter. Principal Financial Group Inc. now owns 873,859 shares of the restaurant operator’s stock worth $225,544,000 after buying an additional 690,006 shares in the last quarter. Norges Bank purchased a new stake in Domino’s Pizza in the fourth quarter worth approximately $116,931,000. Wells Fargo & Company MN boosted its stake in Domino’s Pizza by 264.0% in the first quarter. Wells Fargo & Company MN now owns 482,044 shares of the restaurant operator’s stock worth $124,415,000 after buying an additional 349,600 shares in the last quarter. Frontier Capital Management Co. LLC purchased a new stake in Domino’s Pizza in the first quarter worth approximately $43,926,000. Finally, William Blair Investment Management LLC boosted its stake in Domino’s Pizza by 21.4% in the first quarter. William Blair Investment Management LLC now owns 911,602 shares of the restaurant operator’s stock worth $235,284,000 after buying an additional 161,000 shares in the last quarter. 96.82% of the stock is owned by institutional investors.

In related news, CEO Richard E. Allison, Jr. sold 10,000 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $279.19, for a total transaction of $2,791,900.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.62% of the stock is owned by corporate insiders.

DPZ stock traded up $0.81 during midday trading on Friday, hitting $246.64. The stock had a trading volume of 260,270 shares, compared to its average volume of 1,236,471. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 1.77 and a beta of 0.48. The stock’s 50-day moving average price is $270.55. Domino’s Pizza, Inc. has a 52-week low of $231.28 and a 52-week high of $305.34.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Tuesday, July 16th. The restaurant operator reported $2.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.19. The company had revenue of $811.65 million for the quarter, compared to analysts’ expectations of $834.87 million. Domino’s Pizza had a negative return on equity of 12.81% and a net margin of 10.83%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.84 earnings per share. On average, sell-side analysts predict that Domino’s Pizza, Inc. will post 9.44 earnings per share for the current fiscal year.

Several analysts have issued reports on DPZ shares. Stephens cut their target price on Domino’s Pizza from $325.00 to $300.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. Credit Suisse Group cut their target price on Domino’s Pizza from $320.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Wells Fargo & Co upped their target price on Domino’s Pizza from $257.00 to $267.00 and gave the stock a “market perform” rating in a research note on Monday, July 1st. Argus cut their target price on Domino’s Pizza from $310.00 to $280.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Finally, ValuEngine downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $294.11.

Domino’s Pizza Company 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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