Domino’s Pizza Inc $DPZ Stock: Schwartz Investment Counsel Inc. Lowers Position

Schwartz Investment Counsel Inc. lowered its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 99.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,000 shares of the restaurant operator’s stock after selling 98,000 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Domino’s Pizza were worth $300,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its position in shares of Domino’s Pizza by 0.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,699 shares of the restaurant operator’s stock valued at $8,299,000 after purchasing an additional 115 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Domino’s Pizza by 49.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 1,473 shares of the restaurant operator’s stock valued at $441,000 after buying an additional 486 shares in the last quarter. IRON Financial LLC bought a new stake in Domino’s Pizza in the 3rd quarter worth approximately $210,000. Signaturefd LLC lifted its position in Domino’s Pizza by 12.4% in the 3rd quarter. Signaturefd LLC now owns 741 shares of the restaurant operator’s stock worth $222,000 after buying an additional 82 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its position in Domino’s Pizza by 50.2% in the 3rd quarter. Tectonic Advisors LLC now owns 2,286 shares of the restaurant operator’s stock worth $685,000 after buying an additional 764 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Down 0.4%

Shares of NASDAQ:DPZ opened at $312.03 on Wednesday. The stock’s 50-day moving average price is $315.83 and its 200-day moving average price is $344.83. Domino’s Pizza Inc has a 12-month low of $282.00 and a 12-month high of $442.35.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share for the quarter, beating analysts’ consensus estimates of $4.33 by $0.27. The company had revenue of $1.19 billion during the quarter. During the same period in the previous year, the business posted $4.08 earnings per share. The company’s revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts predict that Domino’s Pizza Inc will post 19.06 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 Wednesday, December 30th. Investors of record on Tuesday, December 15th will be given a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, December 15th.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. KeyCorp reaffirmed a “sector weight” rating on shares of Domino’s Pizza in a research note on Wednesday, October 14th. Sanford C. Bernstein reissued a “market perform” rating on shares of Domino’s Pizza in a research note on Thursday, October 15th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Evercore restated an “outperform” rating on shares of Domino’s Pizza in a report on Thursday, July 9th. Finally, Wells Fargo & Company cut their price objective on shares of Domino’s Pizza from $350.00 to $320.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus price target of $380.87.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc is a global restaurant company that operates and franchises Domino’s-branded pizza stores. Its core business focuses on pizza delivery and carryout, supported by digital ordering platforms, delivery technology and a supply chain that provides food and related products to stores.

The company’s menu includes a variety of pizzas, along with items such as chicken, sandwiches, pasta, bread products, desserts and beverages. Domino’s serves customers through a combination of company-owned and franchised locations, with franchisees operating the majority of its stores.

Founded in 1960 when Tom and James Monaghan acquired a small Michigan pizzeria, the business adopted the Domino’s name in 1965 and expanded through franchising.