HS Management Partners LLC Lowers Position in Domino’s Pizza Inc $DPZ

HS Management Partners LLC cut its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 28.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,490 shares of the restaurant operator’s stock after selling 23,260 shares during the period. Domino’s Pizza comprises approximately 3.3% of HS Management Partners LLC’s investment portfolio, making the stock its 16th largest holding. HS Management Partners LLC’s holdings in Domino’s Pizza were worth $25,682,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its position in Domino’s Pizza by 2.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 8,091 shares of the restaurant operator’s stock worth $3,631,000 after buying an additional 228 shares during the last quarter. Railway Pension Investments Ltd increased its holdings in Domino’s Pizza by 304.2% in the 3rd quarter. Railway Pension Investments Ltd now owns 9,700 shares of the restaurant operator’s stock worth $4,188,000 after acquiring an additional 7,300 shares during the last quarter. Berkshire Hathaway Inc increased its holdings in Domino’s Pizza by 0.5% in the 2nd quarter. Berkshire Hathaway Inc now owns 2,633,868 shares of the restaurant operator’s stock worth $1,186,821,000 after acquiring an additional 13,255 shares during the last quarter. Bank of Nova Scotia raised its stake in Domino’s Pizza by 1,891.7% in the 2nd quarter. Bank of Nova Scotia now owns 71,920 shares of the restaurant operator’s stock valued at $32,400,000 after acquiring an additional 68,309 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in Domino’s Pizza by 2,076.8% during the second quarter. Sterling Capital Management LLC now owns 180,084 shares of the restaurant operator’s stock valued at $81,146,000 after purchasing an additional 171,811 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

Shares of NASDAQ:DPZ opened at $406.58 on Friday. The firm has a fifty day moving average price of $416.61 and a two-hundred day moving average price of $435.41. The company has a market cap of $13.74 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.91 and a beta of 1.15. Domino’s Pizza Inc has a one year low of $392.89 and a one year high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.12. The company 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 14.91% and a net margin of 12.16%.The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.19 earnings per share. Equities research analysts expect that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Piper Sandler reiterated a “neutral” rating and issued a $445.00 target price on shares of Domino’s Pizza in a research note on Monday, November 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a report on Tuesday, December 2nd. Stifel Nicolaus lowered their target price on shares of Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating on the stock in a report on Wednesday. Evercore ISI dropped their target price on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, TD Cowen reiterated a “hold” rating and issued a $460.00 price target (down from $500.00) on shares of Domino’s Pizza in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $485.74.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total value of $2,113,872.20. Following the sale, the executive vice president owned 6,744 shares of the company’s stock, valued at $2,927,300.64. This trade represents a 41.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.83% of the stock is owned by corporate insiders.

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.