HS Management Partners LLC Sells 26,290 Shares of Domino’s Pizza Inc $DPZ

HS Management Partners LLC lessened its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 44.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,200 shares of the restaurant operator’s stock after selling 26,290 shares during the period. Domino’s Pizza comprises about 3.0% of HS Management Partners LLC’s portfolio, making the stock its 18th biggest position. HS Management Partners LLC’s holdings in Domino’s Pizza were worth $13,838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in DPZ. Johnson Financial Group Inc. grew its position in shares of Domino’s Pizza by 200.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 56 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Domino’s Pizza in the 2nd quarter valued at about $46,000. Smartleaf Asset Management LLC lifted its stake in shares of Domino’s Pizza by 64.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 43 shares during the period. Activest Wealth Management lifted its stake in shares of Domino’s Pizza by 411.5% in the 3rd quarter. Activest Wealth Management now owns 133 shares of the restaurant operator’s stock valued at $58,000 after purchasing an additional 107 shares during the period. Finally, Atlantic Union Bankshares Corp lifted its stake in shares of Domino’s Pizza by 85.5% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 141 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 65 shares during the period. Institutional investors own 94.63% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Kelly E. Garcia sold 488 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $332.31, for a total transaction of $162,167.28. Following the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $3,107,763.12. This represents a 4.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.89% of the company’s stock.

Domino’s Pizza Stock Performance

DPZ stock opened at $316.52 on Friday. The stock’s 50 day simple moving average is $352.93 and its 200 day simple moving average is $389.26. Domino’s Pizza Inc has a fifty-two week low of $297.48 and a fifty-two week high of $496.00. The company has a market cap of $10.53 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 1.47 and a beta of 1.02.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The firm had revenue of $1.15 billion for the quarter. During the same quarter in the prior year, the business posted $4.33 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities analysts predict that Domino’s Pizza Inc will post 19.15 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. Domino’s Pizza’s dividend payout ratio is 45.83%.

Wall Street Analysts Forecast Growth

DPZ has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $400.00 price objective on Domino’s Pizza in a research note on Monday, April 27th. HSBC dropped their price objective on Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Loop Capital dropped their price objective on Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Rothschild & Co Redburn dropped their price objective on Domino’s Pizza from $340.00 to $290.00 in a research note on Monday, May 11th. Finally, Mizuho dropped their price objective on Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza presently has a consensus rating of “Hold” and an average target price of $419.74.

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.