Domino’s Pizza Inc $DPZ Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC cut its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 12.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,310 shares of the restaurant operator’s stock after selling 11,187 shares during the quarter. Fisher Asset Management LLC owned approximately 0.22% of Domino’s Pizza worth $33,935,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. RMG Wealth Management LLC acquired a new stake in shares of Domino’s Pizza in the second quarter valued at approximately $25,000. Zions Bancorporation National Association UT purchased a new stake in Domino’s Pizza in the 1st quarter valued at $27,000. Signature Resources Capital Management LLC purchased a new stake in Domino’s Pizza in the 2nd quarter valued at $29,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Domino’s Pizza during the 2nd quarter worth $31,000. Finally, Atlantic Union Bankshares Corp purchased a new position in Domino’s Pizza during the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Up 0.2%

NASDAQ DPZ opened at $424.64 on Wednesday. The stock has a market capitalization of $14.35 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 2.24 and a beta of 1.14. The business’s 50 day moving average is $414.18 and its two-hundred day moving average is $443.25. Domino’s Pizza Inc has a 12-month low of $392.89 and a 12-month high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.12. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.Domino’s Pizza’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.19 earnings per share. Equities analysts forecast that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, December 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 40.68%.

Analyst Ratings Changes

DPZ has been the subject of a number of research reports. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Tuesday. Royal Bank Of Canada dropped their price target on Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 15th. Citigroup decreased their price objective on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Bank of America boosted their target price on Domino’s Pizza from $514.00 to $536.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, Jefferies Financial Group cut their price target on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus price target of $490.40.

About Domino’s Pizza

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.