DAVENPORT & Co LLC Has $4.28 Million Stake in Domino’s Pizza Inc $DPZ

DAVENPORT & Co LLC cut its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 27.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,267 shares of the restaurant operator’s stock after selling 3,947 shares during the period. DAVENPORT & Co LLC’s holdings in Domino’s Pizza were worth $4,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in DPZ. Norges Bank acquired a new stake in shares of Domino’s Pizza in the 2nd quarter valued at about $202,680,000. Berkshire Hathaway Inc boosted its position in shares of Domino’s Pizza by 13.2% during the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock worth $1,287,335,000 after buying an additional 348,077 shares during the period. Two Sigma Investments LP boosted its position in shares of Domino’s Pizza by 2,845.4% during the third quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator’s stock worth $113,982,000 after buying an additional 255,060 shares during the period. Woodline Partners LP grew its holdings in shares of Domino’s Pizza by 8,229.8% during the third quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator’s stock worth $104,609,000 after buying an additional 239,405 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Domino’s Pizza during the third quarter worth about $80,549,000. Institutional investors own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

DPZ has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Domino’s Pizza in a research note on Monday, December 29th. Hovde Group set a $460.00 price target on shares of Domino’s Pizza in a research note on Monday, January 5th. Guggenheim lowered their price objective on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Evercore reiterated an “outperform” rating and issued a $510.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 24th. Finally, Argus raised shares of Domino’s Pizza to a “hold” rating in a research report on Monday, March 9th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Hold” and a consensus price target of $475.71.

Domino’s Pizza Stock Performance

DPZ opened at $348.14 on Friday. Domino’s Pizza Inc has a 52-week low of $346.39 and a 52-week high of $499.08. The firm has a market capitalization of $11.71 billion, a PE ratio of 19.81, a PEG ratio of 1.55 and a beta of 1.16. The business’s 50-day simple moving average is $392.89 and its 200 day simple moving average is $410.39.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 EPS for the quarter, missing the consensus estimate of $5.38 by ($0.03). The company had revenue of $1.54 billion for the quarter. Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The business’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $4.89 earnings per share. On average, research analysts forecast that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be issued a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, March 13th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.74. Domino’s Pizza’s payout ratio is currently 45.30%.

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.