Domino's Pizza Inc $DPZ Stock Holdings Lessened by Champlain Investment Partners LLC

Key Points

• Champlain Investment Partners LLC reduced its stake in Domino's Pizza by 32.6%, selling 95,865 shares and owning approximately 0.58% of the company valued at $91.1 million.
• Several institutional investors, including Wood Tarver Financial Group LLC and Alpine Bank Wealth Management, acquired new positions in Domino's Pizza during the first quarter.
• Domino's announced a quarterly dividend of $1.74 per share, representing a 1.5% yield and a payout ratio of 40.42%.

Champlain Investment Partners LLC lowered its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 32.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,310 shares of the restaurant operator's stock after selling 95,865 shares during the period. Champlain Investment Partners LLC owned about 0.58% of Domino's Pizza worth $91,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Eisler Capital Management Ltd. raised its position in shares of Domino's Pizza by 2,619.3% during the 1st quarter. Eisler Capital Management Ltd. now owns 20,014 shares of the restaurant operator's stock worth $9,201,000 after acquiring an additional 19,278 shares in the last quarter. Redwood Investment Management LLC purchased a new position in Domino's Pizza during the 1st quarter worth approximately $1,338,000. Comerica Bank grew its stake in Domino's Pizza by 1.8% during the 1st quarter. Comerica Bank now owns 23,950 shares of the restaurant operator's stock worth $11,004,000 after buying an additional 430 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Domino's Pizza in the 1st quarter valued at approximately $36,000. Finally, Cadence Bank grew its stake in shares of Domino's Pizza by 5.1% in the 1st quarter. Cadence Bank now owns 12,038 shares of the restaurant operator's stock valued at $5,531,000 after purchasing an additional 587 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Domino's Pizza Price Performance

DPZ traded up $9.34 during trading on Friday, hitting $458.30. The company had a trading volume of 430,487 shares, compared to its average volume of 658,496. The company has a market cap of $15.56 billion, a PE ratio of 26.61, a P/E/G ratio of 2.51 and a beta of 1.09. Domino's Pizza Inc has a 1-year low of $396.06 and a 1-year high of $500.55. The business has a 50-day moving average of $458.21 and a 200-day moving average of $464.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its 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 business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the company posted $4.03 earnings per share. Research analysts forecast that Domino's Pizza Inc will post 16.74 earnings per share for the current 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 given a dividend of $1.74 per share. The ex-dividend date is Monday, September 15th. This represents a $6.96 annualized dividend and a dividend yield of 1.5%. Domino's Pizza's dividend payout ratio (DPR) is 40.42%.

Analyst Ratings Changes

DPZ has been the subject of several recent analyst reports. Guggenheim raised their price target on Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a report on Wednesday. Barclays lifted their target price on shares of Domino's Pizza from $420.00 to $425.00 and gave the stock an "underweight" rating in a research report on Monday, July 21st. Benchmark boosted 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. Redburn Atlantic assumed coverage on shares of Domino's Pizza in a research report on Tuesday, June 10th. They issued a "sell" rating and a $340.00 price objective for the company. Finally, Morgan Stanley upped their price target on shares of Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $490.78.

Insider Activity at Domino's Pizza

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the transaction, the director directly owned 3,384 shares in the company, valued at $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.83% of the stock is currently owned by insiders.

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.