Gladius Capital Management LP Has $260,000 Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Gladius Capital Management LP reduced its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 68.4% in the third quarter, HoldingsChannel.com reports. The fund owned 604 shares of the restaurant operator’s stock after selling 1,306 shares during the quarter. Gladius Capital Management LP’s holdings in Domino’s Pizza were worth $260,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in DPZ. Central Pacific Bank Trust Division bought a new stake in shares of Domino’s Pizza in the 3rd quarter valued at $30,000. Blue Trust Inc. increased its stake in Domino’s Pizza by 162.5% in the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 39 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Domino’s Pizza during the first quarter valued at about $36,000. Versant Capital Management Inc raised its holdings in shares of Domino’s Pizza by 654.5% during the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 72 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Domino’s Pizza during the 3rd quarter worth about $43,000. 94.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Piper Sandler dropped their price target on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a research note on Monday, October 7th. Jefferies Financial Group lowered their target price on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. TD Cowen reissued a “buy” rating and issued a $475.00 price target on shares of Domino’s Pizza in a research report on Friday, October 11th. Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and boosted their price target for the company from $419.00 to $559.00 in a research note on Friday, November 8th. Finally, Benchmark reaffirmed a “buy” rating and issued a $520.00 price objective on shares of Domino’s Pizza in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus target price of $494.38.

Domino’s Pizza Price Performance

NYSE:DPZ opened at $430.43 on Friday. The company has a market cap of $14.86 billion, a P/E ratio of 26.44, a P/E/G ratio of 2.31 and a beta of 0.86. Domino’s Pizza, Inc. has a 1 year low of $367.24 and a 1 year high of $542.75. The stock’s fifty day moving average price is $423.60 and its two-hundred day moving average price is $458.03.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company earned $4.18 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, analysts expect that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 37.10%.

Insiders Place Their Bets

In related news, Director Andrew Balson sold 6,970 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the sale, the director now owns 15,390 shares in the company, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.76% of the company’s stock.

Domino’s Pizza 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.