Pacer Advisors Inc. Reduces Stock Holdings in Domino's Pizza Inc (NASDAQ:DPZ)

Key Points

• Pacer Advisors Inc. reduced its stake in Domino's Pizza by 29.3% during the first quarter, holding 3,090 shares valued at approximately $1.42 million.
• Domino's Pizza's latest earnings report showed an EPS of $3.81, falling short of estimates, while revenue increased by 4.3% year-over-year.
• Analysts have given Domino's a consensus rating of "Moderate Buy" with a target price averaging $489.67, reflecting a positive outlook on the stock.

Pacer Advisors Inc. reduced its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 29.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,090 shares of the restaurant operator's stock after selling 1,283 shares during the period. Pacer Advisors Inc.'s holdings in Domino's Pizza were worth $1,420,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Berkshire Hathaway Inc increased 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 valued at $999,868,000 after buying an additional 1,104,744 shares during the last quarter. GAMMA Investing LLC increased its holdings in Domino's Pizza by 53,740.4% during 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 during the last quarter. Invesco Ltd. increased its holdings in Domino's Pizza by 46.0% during the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock valued at $255,649,000 after buying an additional 191,752 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in Domino's Pizza during the fourth quarter valued at approximately $56,647,000. Finally, Geode Capital Management LLC boosted its position in shares of Domino's Pizza by 10.7% in the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock worth $403,203,000 after purchasing an additional 92,389 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DPZ. Loop Capital upped their price target on shares of Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. UBS Group reiterated a "buy" rating and issued a $540.00 price target on shares of Domino's Pizza in a research report on Tuesday, July 22nd. Benchmark upped their price target on shares of Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Citigroup upped their price target on shares of Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Finally, Royal Bank Of Canada lowered shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from $550.00 to $500.00 in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Domino's Pizza has an average rating of "Moderate Buy" and an average price target of $489.67.

Domino's Pizza Stock Up 0.6%

DPZ stock traded up $2.96 during trading on Friday, hitting $466.17. The company had a trading volume of 511,461 shares, compared to its average volume of 737,955. The firm has a market capitalization of $15.83 billion, a P/E ratio of 27.07, a PEG ratio of 2.56 and a beta of 1.09. Domino's Pizza Inc has a 52-week low of $396.06 and a 52-week high of $500.55. The company has a 50 day simple moving average of $463.49 and a 200-day simple moving average of $464.04.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing the consensus estimate of $3.93 by ($0.12). The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%. The company's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $4.03 EPS. Sell-side analysts forecast that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 1.5%. The ex-dividend date is Monday, September 15th. Domino's Pizza's dividend payout ratio (DPR) is currently 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.