Inceptionr LLC purchased a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ – Free Report) in the first quarter, Holdings Channel.com reports. The fund purchased 2,842 shares of the restaurant operator’s stock, valued at approximately $1,020,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. SHP Wealth Management acquired a new position in Domino’s Pizza in the fourth quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in Domino’s Pizza by 97.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 34 shares during the last quarter. MBM Wealth Consultants LLC acquired a new stake in Domino’s Pizza during the first quarter worth $31,000. Cornerstone Planning Group LLC raised its position in Domino’s Pizza by 450.0% in the first quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock valued at $33,000 after purchasing an additional 81 shares during the period. Finally, Johnson Financial Group Inc. raised its position in Domino’s Pizza by 200.0% in the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 56 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.
Wall Street Analysts Forecast Growth
DPZ has been the topic of several recent analyst reports. Mizuho decreased their price target on Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Stifel Nicolaus set a $400.00 price objective on Domino’s Pizza in a research report on Monday, April 27th. UBS Group restated a “buy” rating on shares of Domino’s Pizza in a report on Tuesday. Benchmark reaffirmed a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday. Finally, Robert W. Baird lowered their target price on shares of Domino’s Pizza from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Tuesday, June 23rd. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average price target of $402.16.
Insider Buying and Selling
In related news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was 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 directly owned 9,352 shares in the company, valued at $2,928,672.32. This trade represents a 4.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 1,950 shares of company stock worth $611,451. Company insiders own 0.89% of the company’s stock.
Domino’s Pizza Stock Up 3.0%
NASDAQ:DPZ opened at $332.97 on Friday. The stock’s fifty day moving average is $310.79 and its two-hundred day moving average is $355.47. Domino’s Pizza Inc has a 52 week low of $282.00 and a 52 week high of $486.68. The stock has a market capitalization of $11.02 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.57 and a beta of 0.97.
Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last released its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm had revenue of $1.19 billion for the quarter. During the same period in the prior year, the company posted $3.81 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, sell-side analysts expect that Domino’s Pizza Inc will post 18.89 EPS for the current fiscal year.
Domino’s Pizza Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $1.99 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.4%. Domino’s Pizza’s dividend payout ratio is presently 45.15%.
More Domino’s Pizza News
Here are the key news stories impacting Domino’s Pizza this week:
- Positive Sentiment: Wells Fargo raised its price target on Domino’s Pizza (DPZ) to $350, signaling improved expectations for the stock. Wells Fargo & Company Raises Domino’s Pizza (NASDAQ:DPZ) Price Target to $350.00
- Positive Sentiment: BTIG Research reiterated a Buy rating on Domino’s Pizza, reinforcing a favorable analyst outlook. Domino’s Pizza (NASDAQ:DPZ) Earns Buy Rating from BTIG Research
- Positive Sentiment: Consensus analyst coverage remains supportive, with Domino’s Pizza receiving an average “Moderate Buy” recommendation. Domino’s Pizza Inc (NASDAQ:DPZ) Receives Average Recommendation of “Moderate Buy” from Analysts
- Positive Sentiment: Several articles argue Domino’s may still be undervalued or trading at an attractive earnings multiple after stronger-than-expected Q2 revenue, which can support bullish sentiment. Is Domino’s Pizza (DPZ) Undervalued After Stronger Than Expected Q2 Revenue?
- Neutral Sentiment: A piece on Domino’s trading at a premium to cash flow but a discount to earnings suggests the stock may be fairly valued rather than clearly expensive or cheap. Dominos (DPZ) Stock May Trade At A Premium To Cash Flow But A Discount To Earnings
- Neutral Sentiment: A short-interest update noted zero reported shares and no meaningful days-to-cover reading, so it does not provide a clear new directional signal for the stock.
- Negative Sentiment: Oppenheimer issued a more cautious forecast for Domino’s Pizza, and BMO Capital trimmed its price target to $420, which could temper enthusiasm. Oppenheimer Issues Pessimistic Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price BMO Capital Markets Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $420.00
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.
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