Jennison Associates LLC Acquires 62,792 Shares of Domino’s Pizza Inc $DPZ

Jennison Associates LLC lifted its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 45.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 200,395 shares of the restaurant operator’s stock after acquiring an additional 62,792 shares during the quarter. Jennison Associates LLC’s holdings in Domino’s Pizza were worth $71,900,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Jump Financial LLC bought a new position in shares of Domino’s Pizza in the second quarter worth $3,183,000. Investment Management Corp of Ontario raised its stake in shares of Domino’s Pizza by 68.3% during the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock valued at $718,000 after purchasing an additional 647 shares during the period. Sei Investments Co. lifted its holdings in Domino’s Pizza by 21.7% during the 2nd quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock worth $36,480,000 after purchasing an additional 14,452 shares in the last quarter. Glenview Trust co lifted its holdings in Domino’s Pizza by 36.9% during the 2nd quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock worth $511,000 after purchasing an additional 306 shares in the last quarter. Finally, HUB Investment Partners LLC boosted its stake in Domino’s Pizza by 17.3% in the 2nd quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock worth $596,000 after purchasing an additional 195 shares during the period. 94.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DPZ has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $325.00 target price on shares of Domino’s Pizza in a report on Tuesday, June 23rd. Barclays cut their price objective on shares of 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. Stifel Nicolaus set a $400.00 price objective on shares of Domino’s Pizza in a research note on Monday, April 27th. JPMorgan Chase & Co. decreased their target price on shares of Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Finally, Evercore reiterated an “outperform” rating on shares of Domino’s Pizza in a research note on Thursday, July 9th. Seventeen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $400.57.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 487 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $297.01, for a total transaction of $144,643.87. Following the completion of the sale, the executive vice president directly owned 9,352 shares in the company, valued at $2,777,637.52. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 1,950 shares of company stock valued at $611,451 over the last quarter. Company insiders own 0.89% of the company’s stock.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $322.18 on Monday. The stock’s 50-day simple moving average is $308.93 and its two-hundred day simple moving average is $358.32. Domino’s Pizza Inc has a twelve month low of $282.00 and a twelve month high of $496.00. The firm has a market capitalization of $10.72 billion, a P/E ratio of 18.55, a P/E/G ratio of 1.55 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter. During the same period in the previous year, the business posted $4.33 EPS. The company’s revenue was up 3.5% on a year-over-year basis. As a group, research analysts anticipate that Domino’s Pizza Inc will post 18.88 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, June 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.83%.

About Domino’s Pizza

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.