Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 60,474 shares of the restaurant operator’s stock, valued at approximately $21,697,000.
Other institutional investors have also recently made changes to their positions in the company. Huntleigh Advisors Inc. lifted its stake in shares of Domino’s Pizza by 5.0% in the 4th quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock valued at $221,000 after purchasing an additional 25 shares during the period. Andina Capital Management LLC boosted its position in shares of Domino’s Pizza by 3.1% during the fourth quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator’s stock valued at $457,000 after purchasing an additional 33 shares in the last quarter. Diversify Advisory Services LLC grew its stake in Domino’s Pizza by 5.1% in the third quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator’s stock worth $275,000 after purchasing an additional 33 shares during the period. Novem Group grew its stake in Domino’s Pizza by 5.1% in the fourth quarter. Novem Group now owns 703 shares of the restaurant operator’s stock worth $293,000 after purchasing an additional 34 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in Domino’s Pizza by 97.1% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.
Insider Activity
In related news, EVP Kelly E. Garcia sold 488 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $2,928,672.32. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 1,950 shares of company stock worth $611,451 over the last 90 days. Corporate insiders own 0.89% of the company’s stock.
Domino’s Pizza Stock Up 6.0%
Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last released its quarterly earnings data 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 net margin of 11.89% and a negative return on equity of 15.04%. The business had revenue of $1.15 billion during the quarter. During the same quarter in the previous year, the business earned $4.33 earnings per share. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts expect that Domino’s Pizza Inc will post 18.91 EPS for the current year.
Domino’s Pizza Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, June 15th. Domino’s Pizza’s dividend payout ratio is presently 45.83%.
Analysts Set New Price Targets
Several equities analysts have commented on the company. Barclays lowered their price objective on Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating for the company in a research report on Monday, April 27th. TD Cowen lowered their price target on shares of Domino’s Pizza from $350.00 to $295.00 and set a “hold” rating for the company in a research report on Thursday, July 9th. Wells Fargo & Company dropped their price objective on shares of Domino’s Pizza from $350.00 to $325.00 and set an “equal weight” rating on the stock in a research note on Thursday. The Goldman Sachs Group decreased their target price on shares of Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $400.57.
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.
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