Domino’s Pizza Inc $DPZ Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. trimmed its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 71.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,238 shares of the restaurant operator’s stock after selling 3,031 shares during the period. Harbor Capital Advisors Inc.’s holdings in Domino’s Pizza were worth $534,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV raised its position in Domino’s Pizza by 0.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 4,162 shares of the restaurant operator’s stock worth $1,912,000 after acquiring an additional 21 shares in the last quarter. CX Institutional grew its stake in shares of Domino’s Pizza by 6.7% during the 2nd quarter. CX Institutional now owns 382 shares of the restaurant operator’s stock worth $172,000 after purchasing an additional 24 shares during the period. Lafayette Investments Inc. increased its holdings in shares of Domino’s Pizza by 2.7% in the 2nd quarter. Lafayette Investments Inc. now owns 929 shares of the restaurant operator’s stock valued at $419,000 after purchasing an additional 24 shares in the last quarter. Westpac Banking Corp lifted its stake in shares of Domino’s Pizza by 31.2% in the second quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 24 shares during the period. Finally, Novem Group lifted its stake in shares of Domino’s Pizza by 4.4% in the second quarter. Novem Group now owns 592 shares of the restaurant operator’s stock valued at $266,000 after purchasing an additional 25 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following the sale, the executive vice president directly owned 6,744 shares of the company’s stock, valued at $2,927,300.64. This trade represents a 41.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DPZ. TD Cowen restated a “buy” rating and set a $510.00 target price on shares of Domino’s Pizza in a research report on Tuesday, October 14th. Citigroup decreased their price target on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Domino’s Pizza in a research note on Monday, December 22nd. Piper Sandler reaffirmed a “neutral” rating and set a $445.00 price objective on shares of Domino’s Pizza in a report on Monday, November 24th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $490.40.

Domino’s Pizza Stock Performance

DPZ stock opened at $425.56 on Monday. Domino’s Pizza Inc has a 1 year low of $392.89 and a 1 year high of $500.55. The stock’s 50 day moving average price is $416.72 and its 200 day moving average price is $437.49. The firm has a market cap of $14.38 billion, a P/E ratio of 24.87, a PEG ratio of 2.25 and a beta of 1.14.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the business posted $4.19 earnings per share. Domino’s Pizza’s revenue was up 6.2% compared to the same quarter last year. On average, research analysts predict that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 15th were paid a $1.74 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $6.96 annualized dividend and a yield of 1.6%. Domino’s Pizza’s payout ratio is presently 40.68%.

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.