Domino’s Pizza, Inc. (NYSE:DPZ) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 15.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 770 shares of the restaurant operator’s stock after selling 139 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Domino’s Pizza were worth $398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Coatue Management LLC acquired a new position in Domino’s Pizza during the 4th quarter valued at about $322,859,000. Price T Rowe Associates Inc. MD increased its position in Domino’s Pizza by 107.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after acquiring an additional 230,090 shares during the period. Vanguard Group Inc. raised its stake in Domino’s Pizza by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after acquiring an additional 222,949 shares in the last quarter. TD Asset Management Inc boosted its position in Domino’s Pizza by 66.8% during the 4th quarter. TD Asset Management Inc now owns 497,111 shares of the restaurant operator’s stock worth $204,924,000 after acquiring an additional 199,060 shares during the period. Finally, Artisan Partners Limited Partnership grew its stake in shares of Domino’s Pizza by 81.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 289,831 shares of the restaurant operator’s stock worth $119,477,000 after purchasing an additional 129,844 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on DPZ. Wedbush reaffirmed an “outperform” rating and issued a $575.00 price objective on shares of Domino’s Pizza in a report on Monday, July 15th. Benchmark decreased their price objective on shares of Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating for the company in a report on Monday, July 22nd. TD Cowen cut their target price on Domino’s Pizza from $520.00 to $475.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Loop Capital reiterated a “hold” rating and set a $419.00 price target on shares of Domino’s Pizza in a research report on Friday. Finally, Oppenheimer cut their price objective on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $507.93.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $414.42 on Friday. Domino’s Pizza, Inc. has a twelve month low of $330.05 and a twelve month high of $542.75. The firm has a market cap of $14.45 billion, a PE ratio of 27.05, a P/E/G ratio of 2.14 and a beta of 0.86. The firm’s 50 day moving average price is $425.01 and its two-hundred day moving average price is $472.53.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. Domino’s Pizza’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.08 earnings per share. Equities analysts anticipate that Domino’s Pizza, Inc. will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $1.51 per share. The ex-dividend date is Friday, September 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.46%. Domino’s Pizza’s dividend payout ratio is 39.43%.

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.