Domino’s Pizza Inc $DPZ Shares Sold by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. cut its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 99.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,000 shares of the restaurant operator’s stock after selling 98,000 shares during the period. Schwartz Investment Counsel Inc.’s holdings in Domino’s Pizza were worth $300,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Soroban Capital Partners LP bought a new position in shares of Domino’s Pizza in the first quarter valued at approximately $895,251,000. BlackRock Inc. purchased a new position in Domino’s Pizza during the second quarter valued at approximately $715,704,000. Arrowstreet Capital Limited Partnership increased its holdings in Domino’s Pizza by 247.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock worth $189,171,000 after acquiring an additional 375,709 shares during the period. Royal Bank of Canada increased its holdings in Domino’s Pizza by 5.2% during the 1st quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator’s stock worth $160,817,000 after acquiring an additional 22,320 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Domino’s Pizza by 937,192.2% during the 2nd quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator’s stock worth $141,513,000 after acquiring an additional 477,968 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DPZ has been the topic of several recent analyst reports. Morgan Stanley lowered their target price on shares of Domino’s Pizza from $357.00 to $345.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 14th. KeyCorp restated a “sector weight” rating on shares of Domino’s Pizza in a research report on Wednesday, October 14th. Evercore restated an “outperform” rating on shares of Domino’s Pizza in a research report on Thursday, July 9th. JPMorgan Chase & Co. decreased their price target on shares of Domino’s Pizza from $380.00 to $350.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. Finally, TD Cowen reiterated a “hold” rating and issued a $320.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average price target of $380.87.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $312.03 on Wednesday. Domino’s Pizza Inc has a 12 month low of $282.00 and a 12 month high of $442.35. The business has a 50-day moving average of $315.83 and a 200-day moving average of $344.83.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data 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 company had revenue of $1.19 billion during the quarter. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $4.08 EPS. Analysts predict that Domino’s Pizza Inc will post 19.06 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be paid a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, December 15th.

About Domino’s Pizza

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.