Harbor Capital Advisors Inc. Reduces Stock Position in Domino’s Pizza Inc $DPZ

Harbor Capital Advisors Inc. cut its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 71.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. raised its position in shares of Domino’s Pizza by 28.9% during the 1st quarter. American Century Companies Inc. now owns 1,107 shares of the restaurant operator’s stock worth $509,000 after acquiring an additional 248 shares in the last quarter. OMERS ADMINISTRATION Corp increased its stake in Domino’s Pizza by 29.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 5,002 shares of the restaurant operator’s stock valued at $2,298,000 after purchasing an additional 1,144 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ raised its holdings in Domino’s Pizza by 0.9% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 11,166 shares of the restaurant operator’s stock worth $5,130,000 after purchasing an additional 101 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Domino’s Pizza during the 1st quarter worth approximately $18,700,000. Finally, Vident Advisory LLC boosted its holdings in shares of Domino’s Pizza by 37.2% in the 1st quarter. Vident Advisory LLC now owns 774 shares of the restaurant operator’s stock valued at $356,000 after buying an additional 210 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Stock Up 0.0%

Shares of DPZ stock opened at $425.56 on Monday. The stock’s 50-day moving average price is $416.72 and its 200 day moving average price is $437.49. The stock has a market capitalization of $14.38 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 2.25 and a beta of 1.14. Domino’s Pizza Inc has a 52-week low of $392.89 and a 52-week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.12. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The company’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the business posted $4.19 EPS. Analysts expect that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DPZ shares. Bank of America lifted their price target on shares of Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Jefferies Financial Group cut their target price on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Morgan Stanley upped their target price on Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Mizuho upgraded Domino’s Pizza to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $445.00 price objective on shares of Domino’s Pizza in a research note on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus target price of $490.40.

Insider Buying and Selling

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