1,900 Domino’s Pizza Inc $DPZ Shares Sold by Skylands Capital LLC

Skylands Capital LLC lowered its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 34.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,600 shares of the restaurant operator’s stock after selling 1,900 shares during the period. Skylands Capital LLC’s holdings in Domino’s Pizza were worth $1,079,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. CoreCap Advisors LLC lifted its stake in shares of Domino’s Pizza by 17.0% in the 3rd quarter. CoreCap Advisors LLC now owns 262 shares of the restaurant operator’s stock valued at $79,000 after purchasing an additional 38 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Domino’s Pizza by 5.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 971 shares of the restaurant operator’s stock valued at $287,000 after purchasing an additional 50 shares during the last quarter. Patton Fund Management Inc. increased its position in shares of Domino’s Pizza by 10.4% during the 1st quarter. Patton Fund Management Inc. now owns 565 shares of the restaurant operator’s stock valued at $203,000 after purchasing an additional 53 shares during the last quarter. SHP Wealth Management bought a new position in shares of Domino’s Pizza during the 4th quarter valued at approximately $25,000. Finally, Mufg Securities Americas Inc. increased its position in shares of Domino’s Pizza by 7.2% during the 2nd quarter. Mufg Securities Americas Inc. now owns 922 shares of the restaurant operator’s stock valued at $273,000 after purchasing an additional 62 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DPZ has been the topic of several recent research reports. Berenberg Bank upgraded Domino’s Pizza to a “strong-buy” rating in a report on Monday, October 5th. Benchmark reaffirmed a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Loop Capital reaffirmed a “hold” rating and set a $353.00 price objective on shares of Domino’s Pizza in a research note on Monday, August 10th. Bank of America cut their price objective on shares of Domino’s Pizza from $455.00 to $410.00 and set a “buy” rating on the stock in a research report on Wednesday, October 14th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Domino’s Pizza in a research report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus target price of $380.87.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $311.15 on Thursday. Domino’s Pizza Inc has a 1 year low of $282.00 and a 1 year high of $442.35. The firm has a 50-day simple moving average of $318.17 and a two-hundred day simple moving average of $325.31. The company has a market cap of $10.24 billion, a P/E ratio of 17.14, a PEG ratio of 1.46 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share for the quarter, topping the consensus estimate of $4.33 by $0.27. The business had revenue of $1.19 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.48% and a net margin of 12.03%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $4.08 earnings per share. As a group, equities research analysts expect that Domino’s Pizza Inc will post 19.04 EPS for the current year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be paid a $1.99 dividend. This represents a $7.96 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, December 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 43.86%.

Domino’s Pizza Profile

Domino’s Pizza, Inc is a global restaurant company that operates and franchises Domino’s-branded pizza stores. Its core business focuses on pizza delivery and carryout, supported by digital ordering platforms, delivery technology and a supply chain that provides food and related products to stores.

The company’s menu includes a variety of pizzas, along with items such as chicken, sandwiches, pasta, bread products, desserts and beverages. Domino’s serves customers through a combination of company-owned and franchised locations, with franchisees operating the majority of its stores.

Founded in 1960 when Tom and James Monaghan acquired a small Michigan pizzeria, the business adopted the Domino’s name in 1965 and expanded through franchising.