Deutsche Bank AG Cuts Stock Holdings in Domino's Pizza Inc (NASDAQ:DPZ)

Key Points

• Deutsche Bank AG has reduced its stake in Domino's Pizza by 8.3%, now owning approximately 122,387 shares worth $56.23 million.
• Several investors, including Berkshire Hathaway Inc and GAMMA Investing LLC, have significantly increased their holdings in Domino's Pizza, indicating strong institutional interest.
• Research analysts have varying ratings for Domino's, with a consensus rating of "Moderate Buy" and an average target price of $489.67.

Deutsche Bank AG reduced its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 8.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,387 shares of the restaurant operator's stock after selling 11,099 shares during the period. Deutsche Bank AG owned approximately 0.36% of Domino's Pizza worth $56,231,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc raised its holdings in Domino's Pizza by 86.5% during the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock worth $999,868,000 after purchasing an additional 1,104,744 shares in the last quarter. GAMMA Investing LLC increased its holdings in Domino's Pizza by 53,740.4% in the first quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock valued at $119,480,000 after buying an additional 259,566 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new position in Domino's Pizza in the first quarter valued at about $110,348,000. Bristol Gate Capital Partners Inc. purchased a new position in Domino's Pizza in the first quarter valued at about $92,085,000. Finally, Freestone Grove Partners LP purchased a new position in Domino's Pizza in the fourth quarter valued at about $56,647,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on DPZ shares. Argus reaffirmed a "hold" rating and issued a $490.00 target price on shares of Domino's Pizza in a report on Tuesday, April 29th. Sanford C. Bernstein increased their target price on shares of Domino's Pizza from $460.00 to $490.00 and gave the company a "market perform" rating in a report on Tuesday, July 22nd. Morgan Stanley increased their target price on shares of Domino's Pizza from $510.00 to $514.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Redburn Atlantic started coverage on shares of Domino's Pizza in a report on Tuesday, June 10th. They issued a "sell" rating and a $340.00 target price for the company. Finally, Robert W. Baird increased their target price on shares of Domino's Pizza from $500.00 to $535.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Domino's Pizza has a consensus rating of "Moderate Buy" and an average target price of $489.67.

Domino's Pizza Stock Up 0.1%

Shares of DPZ opened at $440.54 on Tuesday. The firm has a market cap of $14.96 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 2.41 and a beta of 1.09. The company's fifty day moving average is $459.90 and its two-hundred day moving average is $465.15. Domino's Pizza Inc has a fifty-two week low of $396.06 and a fifty-two week high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.03 EPS. As a group, equities research analysts anticipate that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, September 15th. Domino's Pizza's dividend payout ratio (DPR) is 40.42%.

About Domino's Pizza

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.

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