Plato Investment Management Ltd Trims Holdings in Domino’s Pizza Inc $DPZ

Plato Investment Management Ltd cut its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 25.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 265 shares of the restaurant operator’s stock after selling 91 shares during the quarter. Plato Investment Management Ltd’s holdings in Domino’s Pizza were worth $123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wood Tarver Financial Group LLC purchased a new stake in shares of Domino’s Pizza in the 4th quarter worth about $25,000. Alpine Bank Wealth Management purchased a new stake in Domino’s Pizza during the 1st quarter valued at about $25,000. LRI Investments LLC purchased a new stake in Domino’s Pizza during the 1st quarter valued at about $27,000. Zions Bancorporation National Association UT purchased a new stake in Domino’s Pizza during the 1st quarter valued at about $27,000. Finally, SVB Wealth LLC purchased a new stake in Domino’s Pizza during the 1st quarter valued at about $36,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Domino’s Pizza

In other news, Director James A. Goldman sold 1,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the transaction, the director owned 3,384 shares in the company, valued at $1,527,842.16. This represents a 22.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is owned by company insiders.

Domino’s Pizza Stock Down 1.0%

Shares of NASDAQ DPZ opened at $452.05 on Friday. The firm’s 50-day moving average price is $459.35 and its 200-day moving average price is $463.80. The company has a market cap of $15.35 billion, a PE ratio of 26.25, a PEG ratio of 2.50 and a beta of 1.09. Domino’s Pizza Inc has a 52-week low of $397.12 and a 52-week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.93 by ($0.12). The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Domino’s Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The business’s revenue 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. As a group, equities research analysts anticipate that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, September 15th. Domino’s Pizza’s dividend payout ratio is 40.42%.

Analyst Upgrades and Downgrades

Several analysts recently commented on DPZ shares. Benchmark increased their price objective on shares of Domino’s Pizza from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. UBS Group reissued a “buy” rating and set a $540.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, July 22nd. Barclays increased their price objective on shares of Domino’s Pizza from $420.00 to $425.00 and gave the company an “underweight” rating in a research report on Monday, July 21st. Royal Bank Of Canada downgraded shares of Domino’s Pizza from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $550.00 to $500.00 in a research report on Tuesday, July 29th. Finally, Wells Fargo & Company raised their price target on shares of Domino’s Pizza from $465.00 to $490.00 and gave the company an “equal weight” rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $490.78.

Domino’s Pizza Company Profile

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.