Corient Private Wealth LP Takes Position in Domino’s Pizza Inc $DPZ

Corient Private Wealth LP acquired a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,540 shares of the restaurant operator’s stock, valued at approximately $4,896,000.

Several other large investors also recently bought and sold shares of DPZ. Andina Capital Management LLC raised its position in Domino’s Pizza by 3.1% in the 4th quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator’s stock worth $457,000 after buying an additional 33 shares during the last quarter. Diversify Advisory Services LLC boosted its holdings in shares of Domino’s Pizza by 5.1% during the 3rd quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator’s stock valued at $275,000 after acquiring an additional 33 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of 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 valued at $29,000 after acquiring an additional 34 shares during the last quarter. Unified Investment Management grew its stake in shares of Domino’s Pizza by 5.5% in the fourth quarter. Unified Investment Management now owns 745 shares of the restaurant operator’s stock worth $311,000 after acquiring an additional 39 shares during the period. Finally, Principal Securities Inc. grew its stake in shares of Domino’s Pizza by 4.2% in the fourth quarter. Principal Securities Inc. now owns 1,078 shares of the restaurant operator’s stock worth $449,000 after acquiring an additional 43 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 12,430 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $3,011,718.08. This trade represents a 57.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Russell J. Weiner sold 10,850 shares of the business’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the transaction, the chief executive officer owned 43,829 shares in the company, valued at $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 24,254 shares of company stock valued at $7,888,924 in the last quarter. 0.89% of the stock is currently owned by company insiders.

Domino’s Pizza Price Performance

DPZ opened at $342.06 on Tuesday. The firm has a market cap of $11.32 billion, a P/E ratio of 19.40, a PEG ratio of 1.69 and a beta of 0.94. Domino’s Pizza Inc has a 1-year low of $282.00 and a 1-year high of $469.00. The company has a 50 day simple moving average of $329.54 and a two-hundred day simple moving average of $344.97.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter. During the same period in the previous year, the business posted $3.81 earnings per share. Domino’s Pizza’s quarterly revenue was up 4.3% on a year-over-year basis. Equities analysts anticipate that Domino’s Pizza Inc will post 18.89 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio is presently 45.15%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Domino’s Pizza from $325.00 to $350.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Evercore reiterated an “outperform” rating on shares of Domino’s Pizza in a research note on Thursday, July 9th. TD Cowen increased their price target on Domino’s Pizza from $295.00 to $310.00 and gave the company a “hold” rating in a report on Monday, July 20th. Morgan Stanley dropped their price target on Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Finally, JPMorgan Chase & Co. cut their price objective on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Sixteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $397.42.

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.