Domino’s Pizza Inc $DPZ Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 3.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 59,448 shares of the restaurant operator’s stock after selling 2,059 shares during the period. Hsbc Holdings PLC’s holdings in Domino’s Pizza were worth $24,793,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jump Financial LLC purchased a new stake in shares of Domino’s Pizza during the 2nd quarter worth approximately $3,183,000. Investment Management Corp of Ontario increased its stake in Domino’s Pizza by 68.3% in the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock valued at $718,000 after purchasing an additional 647 shares in the last quarter. Sei Investments Co. raised its holdings in Domino’s Pizza by 21.7% during the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock worth $36,480,000 after purchasing an additional 14,452 shares during the last quarter. Glenview Trust co raised its holdings in Domino’s Pizza by 36.9% during the second quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock worth $511,000 after purchasing an additional 306 shares during the last quarter. Finally, HUB Investment Partners LLC boosted its position in Domino’s Pizza by 17.3% during the second quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock worth $596,000 after purchasing an additional 195 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Jefferies Financial Group lowered their target price on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating on the stock in a report on Tuesday, April 28th. DA Davidson cut their price target on Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Weiss Ratings cut shares of Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Guggenheim lowered their price objective on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Finally, TD Cowen restated a “hold” rating and set a $350.00 target price on shares of Domino’s Pizza in a report on Tuesday. Seventeen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $412.97.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $287.62 on Thursday. The company has a market cap of $9.57 billion, a P/E ratio of 16.56, a P/E/G ratio of 1.32 and a beta of 0.97. Domino’s Pizza Inc has a 12 month low of $282.00 and a 12 month high of $496.00. The company has a 50-day moving average of $324.47 and a 200-day moving average of $372.85.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.15 billion during the quarter. During the same quarter in the previous year, the company earned $4.33 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts anticipate that Domino’s Pizza Inc will post 19.07 EPS for the current year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s dividend payout ratio (DPR) is 45.83%.

More Domino’s Pizza News

Here are the key news stories impacting Domino’s Pizza this week:

• Positive Sentiment: Several analysts continue to rate Domino’s as a Buy/Outperform and still see upside to their revised price targets, suggesting Wall Street has not turned broadly bearish on the stock. Analyst target updates
• Positive Sentiment: The company promoted longtime insider Joe Jordan to CEO, which could help stabilize operations and refocus the business on reaccelerating growth. Domino’s CEO transition coverage
• Neutral Sentiment: Domino’s was highlighted as a possible value and income idea after falling to new 52-week lows, with writers pointing to its 2.7% dividend yield and lower valuation as potential support for long-term investors. Dividend stock article
• Neutral Sentiment: Fresh coverage focused on Domino’s weaker share price and a re-check of valuation, reinforcing the market’s concern that the stock may be pricing in slower growth. Valuation article
• Negative Sentiment: Investor sentiment weakened after CEO Russell Weiner announced his retirement, adding to concerns about slower same-store sales and a reduced full-year outlook. CEO retirement article
• Negative Sentiment: Multiple firms cut price targets, including JPMorgan, BTIG, TD Cowen, and Baird, reflecting lower expectations for near-term performance. JPMorgan target cut

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $313.16, for a total transaction of $152,822.08. Following the completion of the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $2,928,672.32. The trade was a 4.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 1,463 shares of company stock valued at $466,807. 0.89% of the stock is owned by company insiders.

Domino’s Pizza Company Profile

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.