Robeco Institutional Asset Management B.V. Trims Stock Holdings in Domino’s Pizza Inc $DPZ

Robeco Institutional Asset Management B.V. trimmed its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 7.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,487 shares of the restaurant operator’s stock after selling 284 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Domino’s Pizza were worth $1,571,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. purchased a new position in Domino’s Pizza during the 1st quarter worth $110,348,000. Invesco Ltd. increased its holdings in Domino’s Pizza by 32.9% during the 1st quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator’s stock worth $371,997,000 after purchasing an additional 200,622 shares during the period. Bristol Gate Capital Partners Inc. purchased a new position in Domino’s Pizza during the 1st quarter worth $92,085,000. Nuveen LLC purchased a new position in Domino’s Pizza during the 1st quarter worth $45,344,000. Finally, Truist Financial Corp increased its holdings in Domino’s Pizza by 3,692.1% during the 2nd quarter. Truist Financial Corp now owns 73,642 shares of the restaurant operator’s stock worth $33,183,000 after purchasing an additional 71,700 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank Of Canada downgraded Domino’s Pizza from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $550.00 to $500.00 in a report on Tuesday, July 29th. Benchmark raised their price objective on Domino’s Pizza from $535.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Wells Fargo & Company raised their price objective on Domino’s Pizza from $465.00 to $490.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 22nd. Melius initiated coverage on Domino’s Pizza in a report on Monday, July 14th. They set a “hold” rating and a $500.00 price objective on the stock. Finally, Citigroup dropped their target price on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average price target of $492.88.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $411.43 on Wednesday. The stock has a market capitalization of $13.97 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 2.32 and a beta of 1.12. Domino’s Pizza Inc has a 1-year low of $397.12 and a 1-year high of $500.55. The business has a fifty day moving average price of $446.00 and a 200-day moving average price of $460.14.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing analysts’ consensus estimates of $3.93 by ($0.12). The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $4.03 EPS. On average, equities research analysts anticipate that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a $1.74 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.7%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 40.42%.

Insider Buying and Selling at Domino’s Pizza

In related news, Director James A. Goldman sold 1,000 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the transaction, the director owned 3,384 shares in the company, valued at $1,527,842.16. This trade represents a 22.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.83% of the stock is owned by insiders.

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.