O Shaughnessy Asset Management LLC Sells 22,464 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)
O Shaughnessy Asset Management LLC decreased its position in Domino’s Pizza, Inc. (NYSE:DPZ – Free Report) by 96.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 814 shares of the restaurant operator’s stock after selling 22,464 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Domino’s Pizza were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in Domino’s Pizza by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,884,266 shares of the restaurant operator’s stock worth $1,580,935,000 after purchasing an additional 28,157 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Domino’s Pizza by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,657,572 shares of the restaurant operator’s stock valued at $546,784,000 after buying an additional 49,471 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Domino’s Pizza by 23.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,616,607 shares of the restaurant operator’s stock valued at $559,993,000 after acquiring an additional 306,750 shares during the last quarter. Norges Bank bought a new position in shares of Domino’s Pizza in the 4th quarter valued at about $369,800,000. Finally, Renaissance Technologies LLC grew its position in Domino’s Pizza by 8.9% in the first quarter. Renaissance Technologies LLC now owns 1,040,825 shares of the restaurant operator’s stock worth $423,626,000 after acquiring an additional 84,947 shares in the last quarter. 92.27% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
DPZ has been the subject of several analyst reports. Piper Sandler lowered their price objective on Domino’s Pizza from $409.00 to $401.00 and set an “overweight” rating for the company in a research note on Friday, October 13th. Royal Bank of Canada dropped their price objective on shares of Domino’s Pizza from $460.00 to $455.00 and set an “outperform” rating for the company in a research note on Friday, October 13th. Bank of America cut their price objective on shares of Domino’s Pizza from $483.00 to $461.00 and set a “buy” rating on the stock in a research report on Monday, October 9th. Stephens restated an “equal weight” rating and issued a $365.00 target price on shares of Domino’s Pizza in a report on Wednesday, October 11th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $455.00 price target on shares of Domino’s Pizza in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $399.08.
Check Out Our Latest Analysis on Domino’s Pizza
Insider Activity at Domino’s Pizza
In other Domino’s Pizza news, Director Andy Ballard sold 428 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $350.14, for a total transaction of $149,859.92. Following the transaction, the director now owns 2,307 shares in the company, valued at approximately $807,772.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Lisa V. Price sold 4,940 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $350.00, for a total value of $1,729,000.00. Following the sale, the executive vice president now owns 4,028 shares in the company, valued at $1,409,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andy Ballard sold 428 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $350.14, for a total transaction of $149,859.92. Following the sale, the director now directly owns 2,307 shares in the company, valued at $807,772.98. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.
Domino’s Pizza Stock Performance
Shares of Domino’s Pizza stock opened at $394.05 on Wednesday. The company has a market capitalization of $13.74 billion, a PE ratio of 26.95, a P/E/G ratio of 2.12 and a beta of 0.88. The company has a 50-day simple moving average of $365.37 and a two-hundred day simple moving average of $362.11. Domino’s Pizza, Inc. has a one year low of $285.84 and a one year high of $409.95.
Domino’s Pizza (NYSE:DPZ – Get Free Report) last issued its quarterly earnings results on Thursday, October 12th. The restaurant operator reported $4.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.87. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. Domino’s Pizza had a negative return on equity of 12.50% and a net margin of 11.64%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.79 earnings per share. On average, equities analysts predict that Domino’s Pizza, Inc. will post 14.48 earnings per share for the current fiscal year.
Domino’s Pizza Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $1.21 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $4.84 annualized dividend and a dividend yield of 1.23%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 33.11%.
About Domino’s Pizza (Free Report)
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.
Further Reading
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