Exchange Traded Concepts LLC Lowers Stake in Domino’s Pizza Inc (NASDAQ:DPZ)

Exchange Traded Concepts LLC reduced its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 58.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,449 shares of the restaurant operator’s stock after selling 2,034 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Domino’s Pizza were worth $666,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Berkshire Hathaway Inc boosted its stake in shares of Domino’s Pizza by 86.5% during the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock worth $999,868,000 after acquiring an additional 1,104,744 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Domino’s Pizza by 10.7% during the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock worth $403,203,000 after purchasing an additional 92,389 shares during the last quarter. Invesco Ltd. raised its position in shares of Domino’s Pizza by 46.0% during the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock worth $255,649,000 after purchasing an additional 191,752 shares during the last quarter. Norges Bank acquired a new position in shares of Domino’s Pizza during the 4th quarter worth about $250,571,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Domino’s Pizza by 1.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 410,467 shares of the restaurant operator’s stock worth $172,298,000 after purchasing an additional 5,762 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $447.28 on Friday. The stock’s fifty day moving average is $473.98 and its two-hundred day moving average is $457.87. The stock has a market cap of $15.31 billion, a PE ratio of 25.65, a P/E/G ratio of 2.54 and a beta of 1.11. Domino’s Pizza Inc has a 1-year low of $396.06 and a 1-year high of $535.26.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $0.21. Domino’s Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the company posted $3.58 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, research analysts expect that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently announced 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 of this dividend is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.56%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.91%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. TD Securities restated a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a research report on Monday, April 28th. TD Cowen restated a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a research report on Monday, February 24th. Loop Capital increased their price objective on shares of Domino’s Pizza from $555.00 to $564.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Stephens reiterated an “equal weight” rating and issued a $440.00 price objective on shares of Domino’s Pizza in a report on Wednesday, April 2nd. Finally, Guggenheim reiterated a “neutral” rating on shares of Domino’s Pizza in a report on Thursday, May 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $487.17.

Insider Buying and Selling

In related news, EVP Reddy Sandeep sold 399 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now owns 8,756 shares in the company, valued at $4,046,848.08. The trade was a 4.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.83% of the stock is currently owned by company insiders.

Domino’s Pizza Company Profile

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.