Verde Servicos Internacionais S.A. Reduces Stock Position in Domino’s Pizza Inc $DPZ

Verde Servicos Internacionais S.A. cut its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 21.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,686 shares of the restaurant operator’s stock after selling 6,666 shares during the quarter. Domino’s Pizza makes up approximately 2.7% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 15th largest holding. Verde Servicos Internacionais S.A.’s holdings in Domino’s Pizza were worth $8,857,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Jump Financial LLC purchased a new position in shares of Domino’s Pizza during the second quarter valued at approximately $3,183,000. Investment Management Corp of Ontario raised its holdings in shares of Domino’s Pizza by 68.3% during the second quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock valued at $718,000 after acquiring an additional 647 shares in the last quarter. Sei Investments Co. lifted its stake in Domino’s Pizza by 21.7% in the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock worth $36,480,000 after acquiring an additional 14,452 shares during the period. Glenview Trust co lifted its stake in Domino’s Pizza by 36.9% in the second quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock worth $511,000 after acquiring an additional 306 shares during the period. Finally, HUB Investment Partners LLC boosted its holdings in Domino’s Pizza by 17.3% in the second quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock valued at $596,000 after acquiring an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 487 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $311.74, for a total value of $151,817.38. Following the sale, the executive vice president owned 9,352 shares in the company, valued at $2,915,392.48. This represents a 4.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 1,463 shares of company stock valued at $466,807. Corporate insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating on the stock in a research report on Tuesday. BMO Capital Markets cut their target price on shares of Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Gordon Haskett reduced their price target on shares of Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Sanford C. Bernstein reduced their price target on shares of Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 28th. Finally, Morgan Stanley decreased their price target on shares of Domino’s Pizza from $430.00 to $395.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $412.97.

Key Headlines Impacting Domino’s Pizza

Here are the key news stories impacting Domino’s Pizza this week:

• Positive Sentiment: Several firms still see meaningful upside in Domino’s despite trimming targets: TD Cowen reaffirmed a hold rating with a $350 target, JPMorgan kept an overweight rating with a $380 target, and BTIG and Baird maintained constructive views with $425 and $350 targets, respectively. Article Title
• Positive Sentiment: Analysts generally kept favorable ratings in place, suggesting the recent selloff may be driven more by uncertainty than by a full deterioration in the long-term outlook. Article Title
• Neutral Sentiment: Domino’s announced a leadership succession plan, with COO Joe Jordan set to become CEO in late September as Russell Weiner retires and becomes executive chairman. Article Title
• Neutral Sentiment: The company also acknowledged that same-store sales are still tracking below target, which may be tempering confidence in a near-term recovery. Article Title
• Negative Sentiment: Investors appear concerned that the CEO retirement signals a leadership change during a period of slowing pizza sales, which has pressured the stock. Article Title
• Negative Sentiment: Recent estimate cuts from JPMorgan, BTIG, and Baird reflect a more cautious near-term view, even though their targets remain above the current share price. Article Title

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $282.89 on Wednesday. Domino’s Pizza Inc has a 1 year low of $282.00 and a 1 year high of $496.00. The firm has a 50-day moving average of $326.10 and a 200 day moving average of $373.83. The stock has a market cap of $9.41 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 1.37 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The business had revenue of $1.15 billion during the quarter. During the same quarter in the previous year, the business posted $4.33 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Research analysts expect that Domino’s Pizza Inc will post 19.07 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, June 15th. Domino’s Pizza’s 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.