Meadowbrook Advisors Group LLC Invests $1.39 Million in Domino’s Pizza Inc $DPZ

Meadowbrook Advisors Group LLC purchased a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,327 shares of the restaurant operator’s stock, valued at approximately $1,387,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DPZ. SHP Wealth Management acquired a new position in Domino’s Pizza in the 4th quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC raised its position in Domino’s Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after buying an additional 34 shares during the last quarter. Johnson Financial Group Inc. lifted its stake in shares of Domino’s Pizza by 200.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 56 shares during the period. Arax Advisory Partners acquired a new stake in shares of Domino’s Pizza in the 4th quarter worth $42,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Domino’s Pizza in the 2nd quarter worth $46,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $312.47 on Friday. Domino’s Pizza Inc has a fifty-two week low of $297.48 and a fifty-two week high of $496.00. The firm has a market capitalization of $10.39 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 1.45 and a beta of 0.97. The stock’s fifty day moving average is $329.32 and its two-hundred day moving average is $376.13.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The firm had revenue of $1.15 billion for the quarter. During the same period in the previous year, the business earned $4.33 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts forecast that Domino’s Pizza Inc will post 19.07 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s dividend payout ratio (DPR) is 45.83%.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $313.16, for a total transaction of $152,822.08. Following the completion of the transaction, the executive vice president owned 9,352 shares in the company, valued at approximately $2,928,672.32. The trade was a 4.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 1,463 shares of company stock worth $466,807 in the last ninety days. Insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DPZ shares. Evercore dropped their price target on shares of Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Citigroup reduced their price objective on shares of Domino’s Pizza from $425.00 to $365.00 and set a “neutral” rating for the company in a research report on Tuesday, April 28th. Argus raised Domino’s Pizza to a “hold” rating in a report on Monday, March 9th. Benchmark dropped their target price on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Finally, TD Cowen dropped their target price on Domino’s Pizza from $377.00 to $350.00 and set a “hold” rating on the stock in a research report on Wednesday, May 27th. Seventeen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $418.13.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.