Renaissance Technologies Lowers stake in Domino's Pizza (DPZ)

Domino's Pizza (DPZ) : Renaissance Technologies reduced its stake in Domino's Pizza by 28.76% during the most recent quarter end. The investment management company now holds a total of 1,658,400 shares of Domino's Pizza which is valued at $242,341,992 after selling 669,600 shares in Domino's Pizza , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Domino's Pizza makes up approximately 0.44% of Renaissance Technologies’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in DPZ in the latest quarter, The investment management firm added 7,996 additional shares and now holds a total of 311,445 shares of Domino's Pizza which is valued at $45,511,458. Domino's Pizza makes up approx 0.02% of Geode Capital Management’s portfolio. Fortaleza Asset Management Inc sold out all of its stake in DPZ during the most recent quarter. The investment firm sold 30 shares of DPZ which is valued $4,385.Utah Retirement Systems reduced its stake in DPZ by selling 200 shares or 2.15% in the most recent quarter. The Hedge Fund company now holds 9,100 shares of DPZ which is valued at $1,330,056. Domino's Pizza makes up approx 0.03% of Utah Retirement Systems’s portfolio.Westwood Management Corp Il boosted its stake in DPZ in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 17,000 shares of Domino's Pizza which is valued at $2,529,260. Domino's Pizza makes up approx 0.46% of Westwood Management Corp Il’s portfolio.

Domino's Pizza opened for trading at $148.35 and hit $150.58 on the upside on Monday, eventually ending the session at $149.99, with a gain of 1.11% or 1.64 points. The heightened volatility saw the trading volume jump to 3,88,741 shares. Company has a market cap of $7,238 M.

On the company’s financial health, Domino's Pizza reported $0.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.94. The company had revenue of $547.34 million for the quarter, compared to analysts expectations of $532.55 million. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

Many Wall Street Analysts have commented on Domino's Pizza. Company shares were Reiterated by Maxim Group on Jul 22, 2016 to “Hold”, Firm has raised the Price Target to $ 135 from a previous price target of $127 .Domino's Pizza was Downgraded by Nomura to ” Neutral” on Jun 22, 2016.

Domino’s Pizza Inc. is a pizza retail chain. The Company operates pizza stores at 11900 locations in over 80 markets. The Company operates in three business segments: domestic stores international franchise and supply chain. The Company’s Domestic Stores segment consists primarily of its franchise operations through which the Company operates network of 4722 franchised stores located in the United States. The Company’s International Franchise segment is comprised of a network of franchised stores in more than 80 international markets. The Company supply chain segment operates 16 regional dough manufacturing and food supply chain centers in the contiguous United States. Its basic menu features pizza products in various sizes and crust types. Its store also offers oven-baked sandwiches pasta boneless chicken and wings bread side items desserts and Coca-Cola soft drink products.

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