HS Management Partners LLC Reduces Stock Holdings in Domino's Pizza Inc (NASDAQ:DPZ)

HS Management Partners LLC lessened its position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 92,865 shares of the restaurant operator's stock after selling 3,275 shares during the period. Domino's Pizza comprises 3.5% of HS Management Partners LLC's portfolio, making the stock its 18th largest holding. HS Management Partners LLC owned about 0.27% of Domino's Pizza worth $42,667,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings in Domino's Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after buying an additional 26 shares during the last quarter. Avantax Advisory Services Inc. raised its position in Domino's Pizza by 7.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 833 shares of the restaurant operator's stock valued at $350,000 after purchasing an additional 60 shares during the period. Natixis Advisors LLC raised its stake in shares of Domino's Pizza by 55.3% in the fourth quarter. Natixis Advisors LLC now owns 24,061 shares of the restaurant operator's stock valued at $10,100,000 after acquiring an additional 8,569 shares during the period. Cibc World Markets Corp raised its stake in shares of Domino's Pizza by 13.7% in the fourth quarter. Cibc World Markets Corp now owns 5,429 shares of the restaurant operator's stock valued at $2,279,000 after acquiring an additional 653 shares during the period. Finally, Signaturefd LLC raised its stake in shares of Domino's Pizza by 200.0% in the fourth quarter. Signaturefd LLC now owns 303 shares of the restaurant operator's stock valued at $127,000 after acquiring an additional 202 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DPZ has been the topic of a number of research reports. Guggenheim reissued a "neutral" rating on shares of Domino's Pizza in a research report on Thursday, May 15th. BTIG Research set a $530.00 price target on shares of Domino's Pizza and gave the company a "buy" rating in a report on Monday, April 28th. Royal Bank Of Canada restated an "outperform" rating and issued a $550.00 price target on shares of Domino's Pizza in a report on Monday, July 14th. Argus restated a "hold" rating and issued a $490.00 price target on shares of Domino's Pizza in a report on Tuesday, April 29th. Finally, Benchmark raised their price target on shares of Domino's Pizza from $520.00 to $535.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $487.84.

Domino's Pizza Stock Down 0.6%

Shares of Domino's Pizza stock traded down $2.75 during trading hours on Friday, reaching $465.95. 1,159,367 shares of the company's stock were exchanged, compared to its average volume of 628,550. The business has a fifty day moving average of $466.13 and a two-hundred day moving average of $460.53. The company has a market capitalization of $15.95 billion, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 2.64 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.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.21. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.12 billion. Domino's Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. The company's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.58 EPS. As a group, research analysts predict that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $1.74 dividend. The ex-dividend date was Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a yield of 1.49%. Domino's Pizza's payout ratio is currently 39.91%.

Domino's Pizza Company Profile

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.