Vanguard Group Inc. Sells 377,415 Shares of Domino's Pizza Inc $DPZ

Key Points

• Vanguard trimmed its stake in Domino's by 9.4%, selling 377,415 shares and leaving it with 3,649,149 shares (about 10.8% of the company) valued at $1.521 billion at quarter-end.
• Domino's reported Q1 EPS of $4.13, missing the $4.29 estimate while revenue rose 3.5% year‑over‑year to $1.15 billion, and the stock recently traded near $339 with a P/E of 19.5.
• The company declared a quarterly dividend of $1.99 ($7.96 annualized, ~2.3% yield), while analysts hold a consensus "Hold" rating with an average price target of $421.35 after several firms cut targets.

Vanguard Group Inc. cut its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,649,149 shares of the restaurant operator's stock after selling 377,415 shares during the quarter. Vanguard Group Inc. owned 10.80% of Domino's Pizza worth $1,521,038,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Berkshire Hathaway Inc increased its stake in shares of Domino's Pizza by 13.2% in the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator's stock worth $1,287,335,000 after buying an additional 348,077 shares during the period. Principal Financial Group Inc. increased its stake in shares of Domino's Pizza by 1.8% in the third quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator's stock worth $760,939,000 after buying an additional 30,647 shares during the period. Invesco Ltd. increased its stake in shares of Domino's Pizza by 9.3% in the third quarter. Invesco Ltd. now owns 919,830 shares of the restaurant operator's stock worth $397,100,000 after buying an additional 78,594 shares during the period. Marshfield Associates increased its stake in shares of Domino's Pizza by 4.0% in the third quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator's stock worth $321,415,000 after buying an additional 28,765 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Domino's Pizza by 9.0% in the second quarter. Bank of America Corp DE now owns 560,058 shares of the restaurant operator's stock worth $252,362,000 after buying an additional 46,098 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino's Pizza Stock Up 2.1%

NASDAQ DPZ opened at $339.42 on Friday. Domino's Pizza Inc has a 52 week low of $326.54 and a 52 week high of $499.08. The firm has a market capitalization of $11.29 billion, a P/E ratio of 19.54, a PEG ratio of 1.52 and a beta of 1.18. The company has a 50-day moving average price of $377.36 and a 200-day moving average price of $399.05.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.16). The firm had revenue of $1.15 billion during the quarter. Domino's Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $4.33 earnings per share. As a group, equities research analysts anticipate that Domino's Pizza Inc will post 19.3 EPS for the current year.

Domino's Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $1.99 dividend. This represents a $7.96 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, June 15th. Domino's Pizza's dividend payout ratio is currently 45.83%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DPZ. Loop Capital decreased their target price on shares of Domino's Pizza from $574.00 to $500.00 and set a "buy" rating on the stock in a research note on Tuesday. Piper Sandler cut their price target on shares of Domino's Pizza from $421.00 to $359.00 and set a "neutral" rating on the stock in a report on Monday. BMO Capital Markets cut their price target on shares of Domino's Pizza from $500.00 to $450.00 and set an "outperform" rating on the stock in a report on Tuesday. Guggenheim cut their price target on shares of Domino's Pizza from $450.00 to $440.00 and set a "neutral" rating on the stock in a report on Wednesday, February 25th. Finally, Argus upgraded shares of Domino's Pizza to a "hold" rating in a report on Monday, March 9th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Domino's Pizza has a consensus rating of "Hold" and an average price target of $421.35.

About Domino's Pizza

Domino's Pizza, Inc NASDAQ: DPZ is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino's has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino's Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino's has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.

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