Applied Finance Capital Management LLC Decreases Position in Domino’s Pizza Inc $DPZ

Applied Finance Capital Management LLC lessened its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 23.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 810 shares of the restaurant operator’s stock after selling 254 shares during the period. Applied Finance Capital Management LLC’s holdings in Domino’s Pizza were worth $365,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. HighPoint Advisor Group LLC lifted its holdings in shares of Domino’s Pizza by 3.2% during the 1st quarter. HighPoint Advisor Group LLC now owns 672 shares of the restaurant operator’s stock valued at $332,000 after purchasing an additional 21 shares during the last quarter. AGP Franklin LLC increased its position in shares of Domino’s Pizza by 0.4% in the 1st quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator’s stock valued at $2,403,000 after acquiring an additional 21 shares during the period. Nissay Asset Management Corp Japan ADV increased its position in shares of Domino’s Pizza by 0.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 4,162 shares of the restaurant operator’s stock valued at $1,912,000 after acquiring an additional 21 shares during the period. Compound Planning Inc. increased its position in shares of Domino’s Pizza by 4.1% in the 1st quarter. Compound Planning Inc. now owns 562 shares of the restaurant operator’s stock valued at $258,000 after acquiring an additional 22 shares during the period. Finally, Allworth Financial LP increased its position in shares of Domino’s Pizza by 16.0% in the 1st quarter. Allworth Financial LP now owns 174 shares of the restaurant operator’s stock valued at $85,000 after acquiring an additional 24 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DPZ. Guggenheim upped their target price on Domino’s Pizza from $485.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. 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. Melius began coverage on Domino’s Pizza in a research report on Monday, July 14th. They issued a “hold” rating and a $500.00 target price on the stock. Bank of America upped their target price on Domino’s Pizza from $514.00 to $536.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Sanford C. Bernstein upped their target price on Domino’s Pizza from $460.00 to $490.00 and gave the company a “market perform” rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average target price of $489.92.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $416.26 on Friday. The business’s 50-day moving average is $439.25 and its two-hundred day moving average is $457.46. The company has a market capitalization of $14.07 billion, a P/E ratio of 24.33, a P/E/G ratio of 2.20 and a beta of 1.12. Domino’s Pizza Inc has a fifty-two week low of $397.12 and a fifty-two week high of $500.55.

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

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be given a dividend of $1.74 per share. The ex-dividend date is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.7%. Domino’s Pizza’s dividend payout ratio is currently 40.68%.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the transaction, the director owned 3,384 shares in the company, valued at approximately $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Domino’s Pizza Company Profile

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.