Makaira Partners LLC Sells 73,475 Shares of Domino's Pizza Inc $DPZ

Key Points

• Makaira Partners LLC has significantly reduced its stake in Domino's Pizza by selling 73,475 shares, resulting in a 53.1% decrease in ownership during the first quarter.
• Analysts have updated their price targets for Domino's shares, with adjustments ranging up to $500, contributing to a consensus rating of "Moderate Buy."
• Domino's announced a quarterly dividend of $1.74 per share, indicating a yield of 1.5% and a payout ratio of 40.42%.

Makaira Partners LLC cut its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 53.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,964 shares of the restaurant operator's stock after selling 73,475 shares during the period. Domino's Pizza comprises approximately 10.0% of Makaira Partners LLC's portfolio, making the stock its 3rd largest position. Makaira Partners LLC owned approximately 0.19% of Domino's Pizza worth $29,848,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DPZ. Berkshire Hathaway Inc lifted its position in Domino's Pizza by 86.5% in the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock valued at $999,868,000 after acquiring an additional 1,104,744 shares during the last quarter. GAMMA Investing LLC increased its stake in Domino's Pizza by 53,740.4% in the first quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock valued at $119,480,000 after purchasing an additional 259,566 shares during the period. Charles Schwab Investment Management Inc. acquired a new position in Domino's Pizza in the first quarter valued at $110,348,000. Invesco Ltd. increased its stake in Domino's Pizza by 32.9% in the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock valued at $371,997,000 after purchasing an additional 200,622 shares during the period. Finally, Bristol Gate Capital Partners Inc. acquired a new position in Domino's Pizza in the first quarter valued at $92,085,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino's Pizza Trading Up 2.1%

Shares of Domino's Pizza stock traded up $9.34 on Friday, reaching $458.30. 430,487 shares of the stock were exchanged, compared to its average volume of 658,496. Domino's Pizza Inc has a 1-year low of $396.06 and a 1-year high of $500.55. The business has a fifty day moving average price of $458.21 and a two-hundred day moving average price of $464.59. The firm has a market capitalization of $15.56 billion, a PE ratio of 26.61, a PEG ratio of 2.46 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm earned $4.03 earnings per share. The company's revenue was up 4.3% compared to the same quarter last year. Research analysts expect that Domino's Pizza Inc will post 16.74 EPS 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 paid a dividend of $1.74 per share. 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 payout ratio is 40.42%.

Insider Activity

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

Analysts Set New Price Targets

A number of research analysts have commented on DPZ shares. Guggenheim lifted their price objective 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. Sanford C. Bernstein lifted their price objective on shares of Domino's Pizza from $460.00 to $490.00 and gave the company a "market perform" rating in a research note on Tuesday, July 22nd. UBS Group restated a "buy" rating and issued a $540.00 price objective on shares of Domino's Pizza in a research note on Tuesday, July 22nd. Wells Fargo & Company lifted their price objective on shares of Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 22nd. Finally, Royal Bank Of Canada lowered shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $550.00 to $500.00 in a research note on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $490.78.

Domino's Pizza 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.