Whittier Trust Co. Decreases Stake in Domino's Pizza Inc (NASDAQ:DPZ)

Whittier Trust Co. reduced its stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 91.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,561 shares of the restaurant operator's stock after selling 16,636 shares during the period. Whittier Trust Co.'s holdings in Domino's Pizza were worth $717,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Berkshire Hathaway Inc increased its stake in shares of Domino's Pizza by 86.5% during the 4th 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. Norges Bank acquired a new stake in Domino's Pizza during the 4th quarter worth approximately $250,571,000. GAMMA Investing LLC increased its position 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 worth $119,480,000 after purchasing an additional 259,566 shares in the last quarter. Invesco Ltd. increased its position in Domino's Pizza by 46.0% during the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after purchasing an additional 191,752 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in Domino's Pizza during the 4th quarter worth approximately $56,647,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DPZ shares. Hsbc Global Res upgraded Domino's Pizza to a "strong-buy" rating in a research note on Tuesday, April 22nd. Royal Bank Of Canada reiterated an "outperform" rating and set a $550.00 target price on shares of Domino's Pizza in a research note on Monday. Argus restated a "hold" rating and set a $490.00 price objective on shares of Domino's Pizza in a research note on Tuesday, April 29th. Redburn Atlantic began coverage on Domino's Pizza in a research note on Tuesday, June 10th. They set a "sell" rating and a $340.00 price objective on the stock. Finally, BMO Capital Markets raised their price objective on Domino's Pizza from $515.00 to $540.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $487.84.

Domino's Pizza Stock Up 0.7%

NASDAQ DPZ opened at $468.70 on Friday. Domino's Pizza Inc has a 52 week low of $396.06 and a 52 week high of $500.55. The business has a 50 day moving average price of $466.40 and a 200-day moving average price of $459.93. The company has a market cap of $16.05 billion, a price-to-earnings ratio of 26.88, a P/E/G ratio of 2.65 and a beta of 1.09.

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

Domino's Pizza Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, June 13th. Domino's Pizza's dividend payout ratio is presently 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.

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