Schonfeld Strategic Advisors LLC Cuts Stake in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Schonfeld Strategic Advisors LLC cut its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 76.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,578 shares of the restaurant operator’s stock after selling 60,436 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Domino’s Pizza were worth $7,798,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Perbak Capital Partners LLP lifted its position in shares of Domino’s Pizza by 14.5% in the fourth quarter. Perbak Capital Partners LLP now owns 3,571 shares of the restaurant operator’s stock valued at $1,499,000 after acquiring an additional 452 shares in the last quarter. AdvisorShares Investments LLC lifted its holdings in Domino’s Pizza by 325.8% in the 4th quarter. AdvisorShares Investments LLC now owns 1,418 shares of the restaurant operator’s stock valued at $595,000 after purchasing an additional 1,085 shares in the last quarter. Lido Advisors LLC grew its holdings in shares of Domino’s Pizza by 3,295.0% during the fourth quarter. Lido Advisors LLC now owns 71,669 shares of the restaurant operator’s stock worth $30,084,000 after buying an additional 69,558 shares in the last quarter. Northern Trust Corp raised its position in shares of Domino’s Pizza by 11.0% in the fourth quarter. Northern Trust Corp now owns 395,393 shares of the restaurant operator’s stock valued at $165,970,000 after buying an additional 39,038 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Domino’s Pizza by 101.0% in the fourth quarter. Quarry LP now owns 394 shares of the restaurant operator’s stock worth $165,000 after buying an additional 198 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on DPZ shares. Stephens reaffirmed an “equal weight” rating and set a $440.00 price objective on shares of Domino’s Pizza in a research note on Wednesday, April 2nd. Argus reiterated a “hold” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research report on Tuesday. Citigroup upped their target price on Domino’s Pizza from $480.00 to $500.00 and gave the company a “neutral” rating in a report on Tuesday. BTIG Research set a $530.00 price target on Domino’s Pizza and gave the stock a “buy” rating in a report on Monday. Finally, Benchmark raised their price target on shares of Domino’s Pizza from $520.00 to $535.00 and gave the stock a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $498.50.

Domino’s Pizza Stock Down 1.8 %

Shares of Domino’s Pizza stock opened at $481.39 on Friday. The company has a market capitalization of $16.51 billion, a P/E ratio of 29.57, a P/E/G ratio of 2.47 and a beta of 1.15. The company has a 50 day moving average of $464.42 and a 200 day moving average of $449.81. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $538.44.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.21. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.58 EPS. As a group, research analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $1.74 dividend. The ex-dividend date is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a yield of 1.45%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.91%.

Insiders Place Their Bets

In related news, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total transaction of $477,326.40. Following the completion of the sale, the chief financial officer now owns 8,081 shares in the company, valued at $3,581,499.20. This represents a 11.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of Domino’s Pizza stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the transaction, the executive vice president now owns 5,699 shares in the company, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,996 shares of company stock valued at $3,946,461. 0.83% of the stock is currently owned by insiders.

About Domino’s Pizza

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.