Perbak Capital Partners LLP Reduces Stock Position in Domino's Pizza Inc $DPZ

Key Points

• Perbak Capital Partners LLP has significantly reduced its stake in Domino's Pizza, selling 2,864 shares and now owning only 707 shares, valued at approximately $325,000.
• Other institutional investors, including GAMMA Investing LLC and Charles Schwab Investment Management Inc., have increased their holdings in Domino's Pizza, indicating strong interest in the company despite recent sell-offs.
• Domino's Pizza recently announced a quarterly dividend of $1.74, with a projected annual yield of 1.5%, reflecting a continued commitment to returning value to shareholders.

Perbak Capital Partners LLP lowered its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 80.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 707 shares of the restaurant operator's stock after selling 2,864 shares during the quarter. Perbak Capital Partners LLP's holdings in Domino's Pizza were worth $325,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Praxis Investment Management Inc. purchased a new stake in shares of Domino's Pizza during the first quarter worth about $414,000. Sowell Financial Services LLC purchased a new position in Domino's Pizza during the 1st quarter valued at approximately $282,000. Merit Financial Group LLC grew its holdings in Domino's Pizza by 88.5% during the 1st quarter. Merit Financial Group LLC now owns 1,591 shares of the restaurant operator's stock valued at $731,000 after buying an additional 747 shares in the last quarter. GAMMA Investing LLC grew its holdings in Domino's Pizza by 53,740.4% during the 1st 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 in the last quarter. Finally, Cornerstone Wealth Group LLC grew its holdings in Domino's Pizza by 41.0% during the 1st quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator's stock valued at $9,381,000 after buying an additional 5,939 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Insiders Place Their Bets

In related news, Director James A. Goldman sold 1,000 shares of the business's stock in a transaction on Monday, August 18th. The stock was 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 $1,527,842.16. The trade was a 22.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.83% of the stock is currently owned by company insiders.

Domino's Pizza Trading Up 0.3%

Shares of DPZ stock traded up $1.23 on Friday, reaching $463.83. 329,250 shares of the company's stock were exchanged, compared to its average volume of 588,679. Domino's Pizza Inc has a 52 week low of $396.06 and a 52 week high of $500.55. The stock has a market capitalization of $15.75 billion, a PE ratio of 26.94, a P/E/G ratio of 2.54 and a beta of 1.09. The company's fifty day simple moving average is $459.15 and its 200 day simple moving average is $464.08.

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). The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.Domino's Pizza's revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $4.03 earnings per share. As a group, sell-side analysts predict that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, September 15th. Domino's Pizza's payout ratio is 40.42%.

Analyst Upgrades and Downgrades

DPZ has been the subject of several research analyst reports. Sanford C. Bernstein raised their price target on Domino's Pizza from $460.00 to $490.00 and gave the company a "market perform" rating in a report on Tuesday, July 22nd. Loop Capital raised their price objective on Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Benchmark raised their price objective on Domino's Pizza from $535.00 to $540.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Barclays raised their price objective on Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a research note on Monday, July 21st. Finally, UBS Group reaffirmed a "buy" rating and issued a $540.00 price objective on shares of Domino's Pizza in a research note on Tuesday, July 22nd. One research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $490.78.

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.