Central Bank Trust Co Lowers stake in Domino's Pizza (DPZ)

Domino's Pizza (DPZ) : Central Bank Trust Co reduced its stake in Domino's Pizza by 7.35% during the most recent quarter end. The investment management company now holds a total of 33,197 shares of Domino's Pizza which is valued at $5,007,435 after selling 2,634 shares in Domino's Pizza , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Domino's Pizza makes up approximately 1.42% of Central Bank Trust Co’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co added DPZ to its portfolio by purchasing 137 company shares during the most recent quarter which is valued at $20,665.Bnp Paribas Arbitrage Sa reduced its stake in DPZ by selling 16,654 shares or 78.96% in the most recent quarter. The Hedge Fund company now holds 4,437 shares of DPZ which is valued at $669,854. Washington Trust Bank added DPZ to its portfolio by purchasing 5 company shares during the most recent quarter which is valued at $755.

Domino's Pizza closed down -0.29 points or -0.19% at $150.84 with 2,74,963 shares getting traded on Friday. Post opening the session at $151.6, the shares hit an intraday low of $150 and an intraday high of $151.8 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Domino's Pizza reported $0.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.94. The company had revenue of $547.34 million for the quarter, compared to analysts expectations of $532.55 million. The company’s revenue was up 12.0% 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. Company shares were Reiterated by Maxim Group on Oct 4, 2016 to “Hold”, Firm has raised the Price Target to $ 158 from a previous price target of $135 .Company shares were Reiterated by Maxim Group on Jul 22, 2016 to “Hold”, Firm has raised the Price Target to $ 135 from a previous price target of $127 .

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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