Domino’s Pizza Inc $DPZ Stake Cut by Value Partners Investments Inc.

Value Partners Investments Inc. reduced its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 63.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,013 shares of the restaurant operator’s stock after selling 5,310 shares during the quarter. Value Partners Investments Inc.’s holdings in Domino’s Pizza were worth $1,080,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in DPZ. Huntleigh Advisors Inc. boosted its holdings in shares of Domino’s Pizza by 5.0% during the fourth quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock valued at $221,000 after acquiring an additional 25 shares during the period. Parallel Advisors LLC boosted its stake in Domino’s Pizza by 2.9% during the 3rd quarter. Parallel Advisors LLC now owns 965 shares of the restaurant operator’s stock valued at $417,000 after purchasing an additional 27 shares during the period. OneDigital Investment Advisors LLC raised its holdings in shares of Domino’s Pizza by 3.9% during the third quarter. OneDigital Investment Advisors LLC now owns 808 shares of the restaurant operator’s stock valued at $349,000 after buying an additional 30 shares during the last quarter. Enhancing Capital LLC raised its holdings in shares of Domino’s Pizza by 1.9% during the third quarter. Enhancing Capital LLC now owns 1,768 shares of the restaurant operator’s stock valued at $763,000 after buying an additional 33 shares during the last quarter. Finally, Andina Capital Management LLC boosted its position in shares of Domino’s Pizza by 3.1% during the fourth quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator’s stock worth $457,000 after buying an additional 33 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on DPZ. Jefferies Financial Group lowered their price target on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating on the stock in a report on Tuesday, April 28th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $325.00 target price on shares of Domino’s Pizza in a report on Tuesday. Evercore cut their target price on shares of Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating for the company in a research note on Tuesday, April 28th. HSBC reduced their target price on shares of Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Finally, BMO Capital Markets decreased their price target on shares of Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. Seventeen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $412.97.

Domino’s Pizza Stock Performance

NASDAQ DPZ opened at $298.18 on Friday. The firm’s 50 day moving average price is $321.40 and its two-hundred day moving average price is $371.41. Domino’s Pizza Inc has a twelve month low of $282.00 and a twelve month high of $496.00. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.33 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last issued 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 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 period in the previous year, the business posted $4.33 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, research analysts forecast that Domino’s Pizza Inc will post 18.98 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $1.99 per share. The ex-dividend date is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.7%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 45.83%.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 487 shares of Domino’s Pizza stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $311.74, for a total transaction of $151,817.38. Following the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,915,392.48. The trade was a 4.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 1,463 shares of company stock worth $466,807. Company insiders own 0.89% of the company’s stock.

About Domino’s Pizza

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.