Domino’s Pizza Inc $DPZ Stock Holdings Lessened by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd reduced its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 75.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,168 shares of the restaurant operator’s stock after selling 3,578 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Domino’s Pizza were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Value Partners Investments Inc. increased its stake in Domino’s Pizza by 3.2% during the 3rd quarter. Value Partners Investments Inc. now owns 4,770 shares of the restaurant operator’s stock worth $1,434,000 after acquiring an additional 150 shares during the period. IFP Advisors Inc raised its stake in Domino’s Pizza by 42.9% during the third quarter. IFP Advisors Inc now owns 1,149 shares of the restaurant operator’s stock worth $344,000 after acquiring an additional 345 shares in the last quarter. Summit Financial Wealth Advisors LLC bought a new position in shares of Domino’s Pizza in the third quarter worth about $200,000. 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 acquiring an additional 135 shares during the last quarter. Finally, Curated Wealth Partners LLC bought a new position in shares of Domino’s Pizza in the third quarter worth about $259,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DPZ shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. BTIG Research reiterated a “buy” rating and issued a $425.00 price target on shares of Domino’s Pizza in a research note on Wednesday, October 14th. TD Cowen reissued a “hold” rating and set a $320.00 price objective on shares of Domino’s Pizza in a report on Tuesday, October 13th. Seaport Research Partners assumed coverage on Domino’s Pizza in a research report on Wednesday, September 16th. They set a “neutral” rating on the stock. Finally, Guggenheim reduced their price objective on Domino’s Pizza from $440.00 to $325.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average target price of $380.87.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ opened at $313.61 on Friday. The firm has a market cap of $10.32 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.47 and a beta of 0.94. The firm’s fifty day moving average is $316.86 and its 200-day moving average is $324.85. Domino’s Pizza Inc has a 52 week low of $282.00 and a 52 week high of $442.35.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share for the quarter, topping the consensus estimate of $4.33 by $0.27. The company had revenue of $1.19 billion for the quarter. Domino’s Pizza had a net margin of 12.03% and a negative return on equity of 15.48%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.08 EPS. Sell-side analysts forecast that Domino’s Pizza Inc will post 19.06 EPS for the current year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be given a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, December 15th. Domino’s Pizza’s payout ratio is 43.86%.

Domino’s Pizza Profile

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.