Domino’s Pizza Inc $DPZ Stock Holdings Trimmed by HS Management Partners LLC

HS Management Partners LLC lessened its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 8.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 30,297 shares of the restaurant operator’s stock after selling 2,903 shares during the quarter. Domino’s Pizza comprises approximately 3.8% of HS Management Partners LLC’s holdings, making the stock its 13th largest position. HS Management Partners LLC owned approximately 0.09% of Domino’s Pizza worth $10,870,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DPZ. Berkshire Hathaway Inc increased its holdings in shares of Domino’s Pizza by 12.3% during the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock valued at $1,396,347,000 after purchasing an additional 368,055 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Domino’s Pizza by 0.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock worth $837,091,000 after purchasing an additional 7,497 shares during the period. State Street Corp lifted its holdings in Domino’s Pizza by 3.8% in the fourth quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator’s stock worth $570,595,000 after purchasing an additional 49,613 shares during the period. Geode Capital Management LLC lifted its holdings in Domino’s Pizza by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator’s stock worth $432,033,000 after purchasing an additional 19,019 shares during the period. Finally, Invesco Ltd. grew its position in Domino’s Pizza by 4.5% in the 4th quarter. Invesco Ltd. now owns 961,000 shares of the restaurant operator’s stock valued at $400,564,000 after buying an additional 41,170 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on DPZ. The Goldman Sachs Group dropped their price target on shares of Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Gordon Haskett decreased their price objective on shares of Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Weiss Ratings cut shares of Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Citigroup lowered their price objective on shares of Domino’s Pizza from $425.00 to $365.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 28th. Finally, TD Cowen reissued a “hold” rating and set a $350.00 target price on shares of Domino’s Pizza in a report on Tuesday, June 23rd. Seventeen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus target price of $411.35.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $311.66 on Friday. Domino’s Pizza Inc has a 52 week low of $282.00 and a 52 week high of $496.00. The stock has a market cap of $10.37 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.45 and a beta of 0.97. The company’s 50-day moving average price is $314.84 and its two-hundred day moving average price is $367.20.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.16). The business had revenue of $1.15 billion for the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $4.33 EPS. On average, equities analysts predict that Domino’s Pizza Inc will post 18.99 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $1.99 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $7.96 annualized dividend and a yield of 2.6%. Domino’s Pizza’s dividend payout ratio is currently 45.83%.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 487 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $311.74, for a total value of $151,817.38. Following the transaction, the executive vice president owned 9,352 shares in the company, valued at approximately $2,915,392.48. The trade was a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 1,463 shares of company stock worth $466,807 in the last ninety days. 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.