Domino’s Pizza Inc $DPZ Shares Sold by Skylands Capital LLC

Skylands Capital LLC lowered its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 34.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,600 shares of the restaurant operator’s stock after selling 1,900 shares during the quarter. Skylands Capital LLC’s holdings in Domino’s Pizza were worth $1,079,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. lifted its holdings in Domino’s Pizza by 10.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 851 shares of the restaurant operator’s stock worth $255,000 after purchasing an additional 82 shares in the last quarter. Value Partners Investments Inc. raised its position in shares of Domino’s Pizza by 3.2% during the third quarter. Value Partners Investments Inc. now owns 4,770 shares of the restaurant operator’s stock valued at $1,434,000 after buying an additional 150 shares during the last quarter. IFP Advisors Inc raised its position in shares of Domino’s Pizza by 42.9% during the third quarter. IFP Advisors Inc now owns 1,149 shares of the restaurant operator’s stock valued at $344,000 after buying an additional 345 shares during the last quarter. Summit Financial Wealth Advisors LLC purchased a new position in shares of Domino’s Pizza in the third quarter worth $200,000. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Domino’s Pizza by 4.5% in the third quarter. State of Alaska Department of Revenue now owns 3,134 shares of the restaurant operator’s stock worth $938,000 after buying an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

NASDAQ:DPZ opened at $311.15 on Thursday. Domino’s Pizza Inc has a 1 year low of $282.00 and a 1 year high of $442.35. The stock’s 50 day simple moving average is $318.17 and its two-hundred day simple moving average is $325.31. The company has a market cap of $10.24 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 1.46 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.33 by $0.27. The business had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.48% and a net margin of 12.03%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the company earned $4.08 earnings per share. As a group, analysts anticipate that Domino’s Pizza Inc will post 19.04 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be given a $1.99 dividend. This represents a $7.96 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, December 15th. Domino’s Pizza’s payout ratio is currently 43.86%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DPZ. Bank of America dropped their target price on shares of Domino’s Pizza from $455.00 to $410.00 and set a “buy” rating for the company in a research report on Wednesday, October 14th. Benchmark reiterated a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Evercore reiterated an “outperform” rating on shares of Domino’s Pizza in a research note on Thursday, July 9th. Oppenheimer decreased their price target on shares of Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Finally, BTIG Research reissued a “buy” rating and set a $425.00 price objective on shares of Domino’s Pizza in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $380.87.

About Domino’s Pizza

Domino’s Pizza, Inc is a global restaurant company that operates and franchises Domino’s-branded pizza stores. Its core business focuses on pizza delivery and carryout, supported by digital ordering platforms, delivery technology and a supply chain that provides food and related products to stores.

The company’s menu includes a variety of pizzas, along with items such as chicken, sandwiches, pasta, bread products, desserts and beverages. Domino’s serves customers through a combination of company-owned and franchised locations, with franchisees operating the majority of its stores.

Founded in 1960 when Tom and James Monaghan acquired a small Michigan pizzeria, the business adopted the Domino’s name in 1965 and expanded through franchising.