HS Management Partners LLC Has $10.87 Million Stock Position in Domino’s Pizza Inc $DPZ

HS Management Partners LLC lowered its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 8.7% during the first quarter, HoldingsChannel reports. The firm owned 30,297 shares of the restaurant operator’s stock after selling 2,903 shares during the period. Domino’s Pizza accounts for approximately 3.8% of HS Management Partners LLC’s holdings, making the stock its 13th biggest position. HS Management Partners LLC’s holdings in Domino’s Pizza were worth $10,870,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Berkshire Hathaway Inc lifted its position in shares of Domino’s Pizza by 13.2% in the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after acquiring an additional 348,077 shares in the last quarter. Marshfield Associates boosted its stake in Domino’s Pizza by 4.0% in the 3rd quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock worth $321,415,000 after purchasing an additional 28,765 shares during the period. Teacher Retirement System of Texas grew its position in Domino’s Pizza by 55.7% during the 4th quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator’s stock worth $18,845,000 after purchasing an additional 16,179 shares in the last quarter. Amica Mutual Insurance Co. grew its position in Domino’s Pizza by 59.8% during the 4th quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock worth $6,909,000 after purchasing an additional 6,203 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Domino’s Pizza by 10.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock valued at $28,544,000 after purchasing an additional 6,223 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. DA Davidson reduced their target price on Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Evercore lowered their price target on Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. TD Cowen reissued a “hold” rating and set a $350.00 price target on shares of Domino’s Pizza in a research report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on Domino’s Pizza from $480.00 to $435.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Finally, Piper Sandler lowered their target price on Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating on the stock in a research note on Monday, April 27th. 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $411.35.

Domino’s Pizza Price Performance

Shares of NASDAQ:DPZ opened at $311.66 on Friday. The firm has a fifty day moving average of $314.84 and a two-hundred day moving average of $367.20. The firm has a market capitalization of $10.37 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 1.45 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.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The company had revenue of $1.15 billion for the quarter. During the same quarter in the prior year, the company posted $4.33 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities research analysts expect that Domino’s Pizza Inc will post 18.99 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $1.99 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.6%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 45.83%.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $313.16, for a total value of $152,822.08. Following the transaction, the executive vice president owned 9,352 shares in the company, valued at $2,928,672.32. The trade was a 4.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 1,463 shares of company stock valued at $466,807 in the last quarter. Insiders own 0.89% of the company’s stock.

Domino’s Pizza 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.