Domino's Pizza Inc $DPZ Shares Sold by Asset Management One Co. Ltd.

Key Points

• Asset Management One cut its Domino’s stake by 86.8% in the third quarter, selling 10,804 shares and retaining 1,640 shares valued at about $491,000. Institutional investors collectively own 94.63% of the stock.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $380.87; several firms recently lowered their individual targets.
• Domino’s reported quarterly EPS of $4.60, beating estimates of $4.33, while revenue rose 3.4% year over year to $1.19 billion. The company also announced a $1.99-per-share quarterly dividend.

Asset Management One Co. Ltd. trimmed its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 86.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,640 shares of the restaurant operator's stock after selling 10,804 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Domino's Pizza were worth $491,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DPZ. Pinnacle Bancorp Inc. raised its stake in Domino's Pizza by 121.6% in the third quarter. Pinnacle Bancorp Inc. now owns 82 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 45 shares in the last quarter. Balance Wealth Partners LLC bought a new stake in Domino's Pizza during the third quarter valued at approximately $27,000. Rakuten Securities Inc. purchased a new position in Domino's Pizza in the 2nd quarter worth approximately $28,000. Investors Research Corp grew its stake in Domino's Pizza by 9,900.0% in the 2nd quarter. Investors Research Corp now owns 100 shares of the restaurant operator's stock worth $30,000 after buying an additional 99 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in Domino's Pizza by 450.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator's stock worth $33,000 after buying an additional 81 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on DPZ shares. JPMorgan Chase & Co. reduced their price objective on Domino's Pizza from $380.00 to $350.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 29th. Wells Fargo & Company decreased their target price on shares of Domino's Pizza from $350.00 to $320.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 14th. Morgan Stanley lowered their price target on shares of Domino's Pizza from $357.00 to $345.00 and set an "equal weight" rating for the company in a report on Wednesday, October 14th. Weiss Ratings reissued a "hold (c-)" rating on shares of Domino's Pizza in a research report on Wednesday, August 26th. Finally, KeyCorp reissued a "sector weight" rating on shares of Domino's Pizza in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $380.87.

Domino's Pizza Stock Up 0.2%

Shares of DPZ stock opened at $323.09 on Wednesday. The stock has a fifty day moving average of $313.48 and a 200 day moving average of $342.50. Domino's Pizza Inc has a 52 week low of $282.00 and a 52 week high of $442.35. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 1.49 and a beta of 0.95.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.33 by $0.27. Domino's Pizza had a net margin of 12.03% and a negative return on equity of 15.48%. The business had revenue of $1.19 billion for the quarter. During the same period in the previous year, the firm posted $4.08 earnings per share. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts anticipate that Domino's Pizza Inc will post 19.10 earnings per share for the current year.

Domino's Pizza Dividend Announcement

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

About Domino's Pizza

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.

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