Domino’s Pizza Inc $DPZ Stock Position Cut by Bristol Gate Capital Partners Inc.

Bristol Gate Capital Partners Inc. lessened its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 7.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 146,644 shares of the restaurant operator’s stock after selling 11,011 shares during the quarter. Domino’s Pizza comprises 3.5% of Bristol Gate Capital Partners Inc.’s holdings, making the stock its 22nd biggest position. Bristol Gate Capital Partners Inc.’s holdings in Domino’s Pizza were worth $61,125,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Johnson Financial Group Inc. grew its position in Domino’s Pizza by 200.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 56 shares in the last quarter. MUFG Securities EMEA plc bought a new position in Domino’s Pizza during the second quarter valued at about $46,000. Smartleaf Asset Management LLC boosted its stake in Domino’s Pizza by 64.2% during the third quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock valued at $48,000 after buying an additional 43 shares in the last quarter. Activest Wealth Management boosted its stake in Domino’s Pizza by 411.5% during the third quarter. Activest Wealth Management now owns 133 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 107 shares in the last quarter. Finally, Atlantic Union Bankshares Corp boosted its stake in Domino’s Pizza by 85.5% during the third quarter. Atlantic Union Bankshares Corp now owns 141 shares of the restaurant operator’s stock valued at $61,000 after buying an additional 65 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Insider Activity at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 488 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $332.31, for a total transaction of $162,167.28. Following the completion of the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $3,107,763.12. This represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.89% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DPZ has been the subject of several research reports. Stifel Nicolaus set a $400.00 target price on Domino’s Pizza in a research note on Monday, April 27th. Guggenheim decreased their target price on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. HSBC decreased their target price on Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Jefferies Financial Group decreased their target price on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a research note on Tuesday, April 28th. Finally, Northcoast Research decreased their target price on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $419.74.

Domino’s Pizza Stock Up 0.0%

Shares of NASDAQ DPZ opened at $316.52 on Friday. Domino’s Pizza Inc has a 12 month low of $297.48 and a 12 month high of $496.00. The company has a market cap of $10.53 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 1.46 and a beta of 1.02. The business has a fifty day simple moving average of $352.93 and a 200-day simple moving average of $389.26.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The company had revenue of $1.15 billion for the quarter. During the same period last year, the company posted $4.33 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts expect that Domino’s Pizza Inc will post 19.15 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. Domino’s Pizza’s dividend payout ratio is currently 45.83%.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.