Jacobs Levy Equity Management Inc. Has $81.20 Million Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Jacobs Levy Equity Management Inc. lowered its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 13.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 188,776 shares of the restaurant operator’s stock after selling 29,828 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.55% of Domino’s Pizza worth $81,200,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Berkshire Hathaway Inc purchased a new position in Domino’s Pizza in the 3rd quarter valued at approximately $549,399,000. International Assets Investment Management LLC raised its stake in shares of Domino’s Pizza by 40,191.5% during the third quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock valued at $225,303,000 after acquiring an additional 522,490 shares during the last quarter. FMR LLC raised its stake in Domino’s Pizza by 16.3% in the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after buying an additional 307,528 shares in the last quarter. Champlain Investment Partners LLC purchased a new stake in Domino’s Pizza in the third quarter worth about $99,352,000. Finally, Envestnet Asset Management Inc. grew its holdings in Domino’s Pizza by 85.2% in the second quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock worth $168,926,000 after purchasing an additional 150,526 shares during the period. Institutional investors own 94.63% of the company’s stock.

Insiders Place Their Bets

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the completion of the transaction, the director now owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction on Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the transaction, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at $902,394. The trade was a 57.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Domino’s Pizza Trading Down 2.1 %

DPZ opened at $466.18 on Tuesday. The company has a market cap of $16.10 billion, a P/E ratio of 28.64, a P/E/G ratio of 2.57 and a beta of 0.88. Domino’s Pizza, Inc. has a 12 month low of $390.48 and a 12 month high of $542.75. The business’s 50-day moving average price is $433.11 and its 200-day moving average price is $453.58.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business earned $4.18 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts forecast that Domino’s Pizza, Inc. will post 16.82 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 37.10%.

Analyst Ratings Changes

Several research analysts have weighed in on DPZ shares. Benchmark reiterated a “buy” rating and issued a $520.00 price target on shares of Domino’s Pizza in a research report on Friday, October 11th. Wedbush reiterated an “outperform” rating and set a $470.00 price objective on shares of Domino’s Pizza in a report on Friday, October 11th. Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and boosted their price target for the company from $419.00 to $559.00 in a report on Friday, November 8th. Royal Bank of Canada dropped their target price on shares of Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average target price of $495.76.

Domino’s Pizza Profile

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.