Janus Henderson Group PLC reduced its holdings in Domino’s Pizza, Inc. (NYSE:DPZ – Free Report) by 2.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 10,522 shares of the restaurant operator’s stock after selling 296 shares during the quarter. Janus Henderson Group PLC’s holdings in Domino’s Pizza were worth $4,527,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc acquired a new stake in shares of Domino’s Pizza in the third quarter valued at about $549,399,000. International Assets Investment Management LLC raised its stake in shares of Domino’s Pizza by 40,191.5% during the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock worth $225,303,000 after purchasing an additional 522,490 shares in the last quarter. FMR LLC raised its stake in shares of Domino’s Pizza by 16.3% during the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after purchasing an additional 307,528 shares in the last quarter. Champlain Investment Partners LLC acquired a new stake in shares of Domino’s Pizza in the 3rd quarter valued at approximately $99,352,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Domino’s Pizza by 85.2% in the second quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock valued at $168,926,000 after buying an additional 150,526 shares in the last quarter. 94.63% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. BMO Capital Markets decreased their price objective on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. Jefferies Financial Group lowered their price target on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. Guggenheim cut their price objective on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a research report on Thursday, September 26th. TD Cowen boosted their target price on Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, Stephens cut their price target on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $495.76.
Domino’s Pizza Trading Down 0.8 %
Shares of NYSE:DPZ opened at $454.18 on Wednesday. The firm has a 50 day moving average of $437.85 and a 200-day moving average of $451.19. Domino’s Pizza, Inc. has a 12 month low of $392.61 and a 12 month high of $542.75. The stock has a market capitalization of $15.68 billion, a PE ratio of 27.90, a PEG ratio of 2.48 and a beta of 0.88.
Domino’s Pizza (NYSE:DPZ – Get Free Report) last announced its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the business earned $4.18 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. On average, research analysts predict that Domino’s Pizza, Inc. will post 16.82 EPS for the current fiscal year.
Domino’s Pizza Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 37.10%.
Insiders Place Their Bets
In related news, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the sale, the executive vice president now owns 1,966 shares in the company, valued at $902,394. The trade was a 57.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andrew Balson sold 6,970 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the completion of the transaction, the director now directly owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. The trade was a 31.17 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.
About Domino’s Pizza
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.
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