Driehaus Capital Management LLC Sells 419 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Driehaus Capital Management LLC reduced its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 50,022 shares of the restaurant operator’s stock after selling 419 shares during the period. Driehaus Capital Management LLC owned 0.14% of Domino’s Pizza worth $25,828,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its stake in Domino’s Pizza by 0.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,007 shares of the restaurant operator’s stock valued at $2,064,000 after acquiring an additional 39 shares during the period. Bayesian Capital Management LP increased its position in shares of Domino’s Pizza by 701.3% during the first quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator’s stock valued at $2,385,000 after buying an additional 4,201 shares during the period. Bessemer Group Inc. increased its position in shares of Domino’s Pizza by 34.9% during the first quarter. Bessemer Group Inc. now owns 4,950 shares of the restaurant operator’s stock valued at $2,460,000 after buying an additional 1,280 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Domino’s Pizza by 107.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after buying an additional 230,090 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Domino’s Pizza by 866.4% during the second quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock valued at $25,737,000 after buying an additional 44,688 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Stock Down 0.8 %

Shares of DPZ stock opened at $429.03 on Friday. The stock has a fifty day moving average of $422.52 and a 200 day moving average of $471.82. Domino’s Pizza, Inc. has a 52 week low of $330.05 and a 52 week high of $542.75. The firm has a market capitalization of $14.96 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 2.21 and a beta of 0.86.

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

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $1.51 dividend. The ex-dividend date is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a yield of 1.41%. Domino’s Pizza’s dividend payout ratio (DPR) is 39.43%.

Wall Street Analyst Weigh In

DPZ has been the topic of several analyst reports. Benchmark decreased their price target on Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Wedbush reiterated an “outperform” rating and set a $575.00 price target on shares of Domino’s Pizza in a research report on Monday, July 15th. JPMorgan Chase & Co. upped their price target on Domino’s Pizza from $450.00 to $470.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Barclays decreased their price objective on shares of Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating on the stock in a research report on Friday, July 19th. Finally, Royal Bank of Canada decreased their price objective on shares of Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $506.28.

About Domino’s Pizza

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.