HS Management Partners LLC Sells 10,115 Shares of Domino's Pizza Inc $DPZ

Key Points

• HS Management Partners LLC has decreased its stake in Domino's Pizza Inc by 10.9%, selling 10,115 shares and now holding approximately $37 million in the company.
• Domino's Pizza reported an EPS of $3.81 for the last quarter, falling short of analyst estimates of $3.93, with quarterly revenue increasing 4.3% year-over-year to $1.15 billion.
• The company has declared a quarterly dividend of $1.74 per share, set to be paid on September 30, which reflects a yield of 1.6%.

HS Management Partners LLC reduced its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 10.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,750 shares of the restaurant operator's stock after selling 10,115 shares during the period. Domino's Pizza accounts for about 3.0% of HS Management Partners LLC's investment portfolio, making the stock its 19th largest holding. HS Management Partners LLC owned about 0.24% of Domino's Pizza worth $37,287,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of Domino's Pizza by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator's stock valued at $799,897,000 after buying an additional 53,124 shares during the period. Invesco Ltd. lifted its position in shares of Domino's Pizza by 32.9% in the 1st quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock worth $371,997,000 after purchasing an additional 200,622 shares during the period. Northern Trust Corp lifted its stake in shares of Domino's Pizza by 13.9% during the first quarter. Northern Trust Corp now owns 450,302 shares of the restaurant operator's stock worth $206,891,000 after buying an additional 54,909 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Domino's Pizza by 9.0% during the first quarter. Envestnet Asset Management Inc. now owns 402,412 shares of the restaurant operator's stock worth $184,888,000 after buying an additional 33,105 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Domino's Pizza by 12.8% during the 1st quarter. Wellington Management Group LLP now owns 350,086 shares of the restaurant operator's stock valued at $160,847,000 after acquiring an additional 39,745 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino's Pizza Trading Up 3.1%

Shares of Domino's Pizza stock opened at $435.75 on Friday. The company has a market capitalization of $14.79 billion, a PE ratio of 25.30, a PEG ratio of 2.32 and a beta of 1.09. Domino's Pizza Inc has a 12 month low of $397.12 and a 12 month high of $500.55. The stock's fifty day simple moving average is $452.82 and its 200 day simple moving average is $461.09.

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

Domino's Pizza Dividend Announcement

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

Insider Activity at Domino's Pizza

In other news, Director James A. Goldman sold 1,000 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DPZ. Loop Capital increased their price target on Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Melius began coverage on Domino's Pizza in a report on Monday, July 14th. They set a "hold" rating and a $500.00 price target on the stock. Morgan Stanley lifted their target price 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. Guggenheim lifted their target price on shares of Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a research note on Wednesday, August 27th. Finally, Barclays raised their price objective on shares of Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Domino's Pizza currently has an average rating of "Moderate Buy" and a consensus price target of $490.78.

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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