Domino’s Pizza Inc $DPZ Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd cut its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 47.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,163 shares of the restaurant operator’s stock after selling 3,708 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Domino’s Pizza were worth $1,494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jump Financial LLC acquired a new position in shares of Domino’s Pizza during the 2nd quarter worth approximately $3,183,000. Investment Management Corp of Ontario increased its holdings in shares of Domino’s Pizza by 68.3% in the second 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 during the last quarter. Sei Investments Co. increased its holdings in shares of Domino’s Pizza by 21.7% in the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock valued at $36,480,000 after purchasing an additional 14,452 shares during the last quarter. Glenview Trust co lifted its position 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 buying an additional 306 shares in the last quarter. Finally, HUB Investment Partners LLC lifted 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 buying 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

DPZ has been the subject of several analyst reports. Benchmark dropped their target price on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Sanford C. Bernstein reduced their price target on Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating on the stock in a report on Tuesday, April 28th. HSBC lowered their price target on shares of Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Barclays dropped their price objective on shares of Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating for the company in a report on Monday, April 27th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $325.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, June 23rd. Seventeen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $405.39.

Domino’s Pizza Stock Down 0.5%

NASDAQ:DPZ traded down $1.42 on Friday, reaching $299.46. The company’s stock had a trading volume of 624,376 shares, compared to its average volume of 920,736. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.40 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 stock has a 50 day moving average price of $310.32 and a 200 day moving average price of $362.64.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data 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 net margin of 11.89% and a negative return on equity of 15.04%. The company had revenue of $1.15 billion during the quarter. During the same quarter in the prior year, the business posted $4.33 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts expect that Domino’s Pizza Inc will post 18.99 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, June 15th. Domino’s Pizza’s payout ratio is 45.83%.

Insider Activity

In other news, EVP Kelly E. Garcia sold 487 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $297.01, for a total value of $144,643.87. Following the transaction, the executive vice president directly owned 9,352 shares in the company, valued at approximately $2,777,637.52. This represents a 4.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 1,950 shares of company stock valued at $611,451. 0.89% of the stock is currently owned by 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.