JPMorgan Chase & Co. Sells 98,326 Shares of Domino’s Pizza Inc $DPZ

JPMorgan Chase & Co. lessened its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 39.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 153,394 shares of the restaurant operator’s stock after selling 98,326 shares during the quarter. JPMorgan Chase & Co.’s holdings in Domino’s Pizza were worth $66,225,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of DPZ. Norges Bank acquired a new position in Domino’s Pizza in the 2nd quarter valued at about $202,680,000. Berkshire Hathaway Inc lifted its position in Domino’s Pizza by 13.2% during the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock worth $1,287,335,000 after acquiring an additional 348,077 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of Domino’s Pizza by 2,845.4% during the third quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator’s stock worth $113,982,000 after acquiring an additional 255,060 shares during the period. Woodline Partners LP boosted its holdings in shares of Domino’s Pizza by 8,229.8% during the third quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator’s stock worth $104,609,000 after acquiring an additional 239,405 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Domino’s Pizza in the third quarter valued at approximately $80,549,000. Institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $425.00 target price on shares of Domino’s Pizza in a research note on Tuesday, February 24th. JPMorgan Chase & Co. raised Domino’s Pizza from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $460.00 to $450.00 in a report on Tuesday, February 24th. Benchmark reiterated a “buy” rating on shares of Domino’s Pizza in a research report on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Domino’s Pizza in a report on Monday, December 29th. Finally, Stifel Nicolaus reduced their target price on shares of Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza presently has an average rating of “Hold” and an average price target of $475.71.

Domino’s Pizza Trading Down 0.4%

Shares of DPZ stock opened at $375.30 on Friday. The stock has a market cap of $12.62 billion, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16. Domino’s Pizza Inc has a 1 year low of $370.70 and a 1 year high of $499.08. The stock has a 50 day simple moving average of $398.48 and a 200 day simple moving average of $414.67.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 EPS for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). The company had revenue of $1.54 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.Domino’s Pizza’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.89 EPS. Analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be issued a dividend of $1.99 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. The ex-dividend date of this dividend is Friday, March 13th. This represents a $7.96 annualized dividend and a dividend yield of 2.1%. Domino’s Pizza’s payout ratio is currently 45.30%.

Domino’s Pizza Profile

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.