Maverick Capital Ltd. Decreases Stock Position in Domino’s Pizza Inc $DPZ

by · The Markets Daily

Maverick Capital Ltd. trimmed its holdings in Domino’s Pizza Inc (NASDAQ:DPZ – Free Report) by 45.1% during the second quarter, Holdings Channel.com reports. The fund owned 13,907 shares of the restaurant operator’s stock after selling 11,442 shares during the period. Maverick Capital Ltd.’s holdings in Domino’s Pizza were worth $6,266,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of DPZ. Vanguard Group Inc. grew its position in shares of Domino’s Pizza by 0.9% in the second quarter. Vanguard Group Inc. now owns 4,047,026 shares of the restaurant operator’s stock valued at $1,823,590,000 after purchasing an additional 36,288 shares during the last quarter. Invesco Ltd. lifted its stake in Domino’s Pizza by 3.9% in the 2nd quarter. Invesco Ltd. now owns 841,236 shares of the restaurant operator’s stock valued at $379,061,000 after buying an additional 31,578 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Domino’s Pizza by 27.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 511,206 shares of the restaurant operator’s stock valued at $230,349,000 after buying an additional 108,794 shares in the last quarter. Northern Trust Corp grew its holdings in Domino’s Pizza by 13.9% during the 1st quarter. Northern Trust Corp now owns 450,302 shares of the restaurant operator’s stock valued at $206,891,000 after buying an additional 54,909 shares during the last quarter. Finally, Norges Bank purchased a new position in Domino’s Pizza during the second quarter worth $202,680,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. BTIG Research restated a “buy” rating and issued a $530.00 price objective on shares of Domino’s Pizza in a research report on Friday, November 14th. TD Cowen reiterated a “buy” rating and set a $510.00 price target on shares of Domino’s Pizza in a report on Tuesday, October 14th. Jefferies Financial Group cut their price objective on shares of Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Weiss Ratings lowered shares of Domino’s Pizza from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Finally, Wells Fargo & Company reduced their price target on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus target price of $490.40.

Check Out Our Latest Report on Domino’s Pizza

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $433.67 on Friday. The firm has a market capitalization of $14.65 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 2.22 and a beta of 1.14. Domino’s Pizza Inc has a one year low of $392.89 and a one year high of $500.55. The company has a 50 day moving average price of $413.26 and a 200 day moving average price of $440.78.

Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last announced its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.12. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.19 EPS. As a group, equities analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be paid a dividend of $1.74 per share. The ex-dividend date is Monday, December 15th. This represents a $6.96 annualized dividend and a yield of 1.6%. Domino’s Pizza’s dividend payout ratio is currently 40.68%.

Domino’s Pizza Profile

(Free Report)

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.

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