Reynolds Capital Management Lowers stake in Domino's Pizza (DPZ)

Domino's Pizza (DPZ) : Reynolds Capital Management reduced its stake in Domino's Pizza by 19.38% during the most recent quarter end. The investment management company now holds a total of 10,400 shares of Domino's Pizza which is valued at $1.3 Million after selling 2,500 shares in Domino's Pizza , the firm said in a disclosure report filed with the SEC on May 13, 2016.Domino's Pizza makes up approximately 2.23% of Reynolds Capital Management’s portfolio.

Other Hedge Funds, Including , Alliancebernstein reduced its stake in DPZ by selling 3,817 shares or 9.34% in the most recent quarter. The Hedge Fund company now holds 37,035 shares of DPZ which is valued at $4.5 Million.Ameritas Investment Partners reduced its stake in DPZ by selling 750 shares or 9.06% in the most recent quarter. The Hedge Fund company now holds 7,526 shares of DPZ which is valued at $917,796. Domino's Pizza makes up approx 0.06% of Ameritas Investment Partners’s portfolio.Oppenheimerfunds boosted its stake in DPZ in the latest quarter, The investment management firm added 31,496 additional shares and now holds a total of 243,207 shares of Domino's Pizza which is valued at $29.7 Million. Domino's Pizza makes up approx 0.04% of Oppenheimerfunds’s portfolio. Blackrock Japan Ltd added DPZ to its portfolio by purchasing 843 company shares during the most recent quarter which is valued at $102,804.Cambridge Investment Research Advisors boosted its stake in DPZ in the latest quarter, The investment management firm added 248 additional shares and now holds a total of 2,380 shares of Domino's Pizza which is valued at $283,958. Domino's Pizza makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio.

Domino's Pizza closed down -1.23 points or -1.00% at $121.29 with 9,32,543 shares getting traded on Wednesday. Post opening the session at $123.39, the shares hit an intraday low of $121.1101 and an intraday high of $123.49 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Domino's Pizza reported $0.89 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.98. The company had revenue of $539.18 million for the quarter, compared to analysts expectations of $545.45 million. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

Many Wall Street Analysts have commented on Domino's Pizza. Shares were Reiterated by Maxim Group on May 4, 2016 to “Hold” and Lowered the Price Target to $ 127 from a previous price target of $138 .Maxim Group Downgraded Domino's Pizza on Apr 12, 2016 to ” Hold”, Price Target of the shares are set at $138.Company shares were Reiterated by Argus on Mar 3, 2016 to “Buy”, Firm has raised the Price Target to $ 155 from a previous price target of $130 .

Domino’s Pizza Inc. is a pizza retail chain. The Company operates pizza stores at 11900 locations in over 80 markets. The Company operates in three business segments: domestic stores international franchise and supply chain. The Company’s Domestic Stores segment consists primarily of its franchise operations through which the Company operates network of 4722 franchised stores located in the United States. The Company’s International Franchise segment is comprised of a network of franchised stores in more than 80 international markets. The Company supply chain segment operates 16 regional dough manufacturing and food supply chain centers in the contiguous United States. Its basic menu features pizza products in various sizes and crust types. Its store also offers oven-baked sandwiches pasta boneless chicken and wings bread side items desserts and Coca-Cola soft drink products.

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