Assetmark Inc. reduced its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 3.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 25,562 shares of the restaurant operator’s stock after selling 885 shares during the period. Assetmark Inc.’s holdings in Domino’s Pizza were worth $7,536,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Willingdon Wealth Management acquired a new position in Domino’s Pizza during the 3rd quarter worth approximately $111,000. Qube Research & Technologies Ltd acquired a new position in Domino’s Pizza during the 2nd quarter worth approximately $119,000. First Hawaiian Bank acquired a new position in Domino’s Pizza during the 3rd quarter worth approximately $142,000. Flagship Harbor Advisors LLC acquired a new position in Domino’s Pizza during the 2nd quarter worth approximately $166,000. Finally, Harvest Fund Management Co. Ltd raised its stake in Domino’s Pizza by 257.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 582 shares of the restaurant operator’s stock worth $172,000 after buying an additional 419 shares during the period. 90.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of DPZ opened at $258.32 on Friday. The company has a market cap of $11.07 billion, a P/E ratio of 48.37, a price-to-earnings-growth ratio of 1.84 and a beta of 0.41. Domino’s Pizza, Inc. has a 12 month low of $177.24 and a 12 month high of $305.34.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Tuesday, October 16th. The restaurant operator reported $1.95 EPS for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.20. The company had revenue of $786.00 million during the quarter, compared to the consensus estimate of $789.10 million. Domino’s Pizza had a negative return on equity of 11.92% and a net margin of 10.60%. Domino’s Pizza’s revenue was up 22.1% on a year-over-year basis. During the same period last year, the business posted $1.27 earnings per share. As a group, research analysts anticipate that Domino’s Pizza, Inc. will post 8.44 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, December 13th. Domino’s Pizza’s payout ratio is 41.20%.
A number of research firms recently weighed in on DPZ. Maxim Group reaffirmed a “buy” rating and set a $310.00 price target on shares of Domino’s Pizza in a research note on Friday, November 16th. UBS Group reissued a “hold” rating on shares of Domino’s Pizza in a research note on Wednesday, November 7th. Citigroup lowered their price objective on Domino’s Pizza from $298.00 to $293.00 and set a “neutral” rating for the company in a research note on Monday, October 22nd. Mizuho set a $300.00 price objective on Domino’s Pizza and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Finally, Wells Fargo & Co increased their price objective on Domino’s Pizza from $255.00 to $260.00 and gave the stock a “market perform” rating in a research note on Monday, October 8th. They noted that the move was a valuation call. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $277.00.
In related news, CEO Richard E. Allison, Jr. sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $279.31, for a total transaction of $1,396,550.00. Following the completion of the sale, the chief executive officer now directly owns 44,864 shares of the company’s stock, valued at $12,530,963.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.97% of the company’s stock.
About Domino’s Pizza
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
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