Domino’s Pizza Inc $DPZ Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC reduced its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 56.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,204 shares of the restaurant operator’s stock after selling 2,814 shares during the quarter. Capital Investment Advisors LLC’s holdings in Domino’s Pizza were worth $919,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Berkshire Hathaway Inc boosted its holdings in shares of Domino’s Pizza by 13.2% in the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after acquiring an additional 348,077 shares during the period. Marshfield Associates increased its holdings in shares of Domino’s Pizza by 4.0% in the 3rd quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock valued at $321,415,000 after acquiring an additional 28,765 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Domino’s Pizza by 1.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock valued at $760,939,000 after acquiring an additional 30,647 shares during the period. Mediolanum International Funds Ltd raised its position in Domino’s Pizza by 209.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 4,155 shares of the restaurant operator’s stock valued at $1,805,000 after purchasing an additional 2,813 shares during the last quarter. Finally, Machina Capital S.A.S. purchased a new stake in Domino’s Pizza in the 3rd quarter valued at $1,557,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on DPZ. Sanford C. Bernstein reissued a “market perform” rating and set a $470.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, February 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $425.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Domino’s Pizza in a research note on Friday. Barclays lowered their price target on Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating on the stock in a report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. raised Domino’s Pizza from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $460.00 to $450.00 in a research note on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $475.71.

Domino’s Pizza Trading Up 1.4%

Shares of DPZ stock opened at $352.94 on Tuesday. The stock has a 50 day simple moving average of $391.95 and a 200-day simple moving average of $409.04. The company has a market cap of $11.87 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.50 and a beta of 1.16. Domino’s Pizza Inc has a 12-month low of $346.31 and a 12-month high of $499.08.

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

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 13th were issued a dividend of $1.99 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, March 13th. Domino’s Pizza’s payout ratio is presently 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.