SEB Asset Management AB purchased a new position in Domino’s Pizza Inc (NASDAQ:DPZ – Free Report) in the first quarter, Holdings Channel reports. The fund purchased 6,176 shares of the restaurant operator’s stock, valued at approximately $2,216,000.
Several other large investors also recently made changes to their positions in DPZ. Jump Financial LLC bought a new stake in Domino’s Pizza during the second quarter worth approximately $3,183,000. Investment Management Corp of Ontario grew its holdings in Domino’s Pizza by 68.3% during the second 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 last quarter. Sei Investments Co. raised its position in shares of Domino’s Pizza by 21.7% in the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock valued at $36,480,000 after purchasing an additional 14,452 shares during the period. Glenview Trust co raised its position in shares of Domino’s Pizza by 36.9% in the second quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock valued at $511,000 after purchasing an additional 306 shares during the period. Finally, HUB Investment Partners LLC lifted its stake in shares of Domino’s Pizza by 17.3% in the second quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock worth $596,000 after buying an additional 195 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.
Domino’s Pizza News Summary
Here are the key news stories impacting Domino’s Pizza this week:
- Positive Sentiment: Domino’s shares are being supported by its latest quarter, with revenue coming in above estimates and helping reinforce the view that the business is holding up better than some investors expected. Domino’s Pizza shares rise as quarterly revenue tops estimates
- Positive Sentiment: Several analysts remained constructive, including BTIG’s Buy rating and Wells Fargo’s higher price target of $350, which can help sentiment around the stock. Domino’s Pizza (NASDAQ:DPZ) Earns Buy Rating from BTIG Research Wells Fargo & Company Raises Domino’s Pizza (NASDAQ:DPZ) Price Target to $350.00
- Positive Sentiment: Coverage suggesting Domino’s may be undervalued after stronger-than-expected Q2 revenue could attract value-oriented investors. Is Domino’s Pizza (DPZ) Undervalued After Stronger Than Expected Q2 Revenue?
- Neutral Sentiment: Analyst sentiment remains broadly favorable overall, with Domino’s receiving an average “Moderate Buy” recommendation. Domino’s Pizza Inc (NASDAQ:DPZ) Receives Average Recommendation of “Moderate Buy” from Analysts
- Neutral Sentiment: There is some offsetting caution from Oppenheimer’s pessimistic forecast and BMO’s lower price target of $420, which may temper enthusiasm but do not appear to outweigh the positive revenue narrative. 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
- Negative Sentiment: Investor attention may also be slightly dampened by CEO Russell Weiner’s sale of 10,850 shares, a move some traders interpret as a mild confidence signal risk. Domino’s CEO Russell Weiner Sells 10,850 Shares for $3.6 Million — Should Investors Be Worried?
Insider Buying and Selling
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on DPZ shares. Northcoast Research decreased their price objective on shares of Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. HSBC dropped their target price on shares of Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. KeyCorp reaffirmed a “sector weight” rating on shares of Domino’s Pizza in a research report on Tuesday. Loop Capital dropped their price objective on Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Finally, Gordon Haskett cut their price objective on Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $402.16.
Check Out Our Latest Report on Domino’s Pizza
Domino’s Pizza Trading Up 1.1%
Shares of DPZ stock opened at $323.25 on Friday. The firm has a market capitalization of $10.69 billion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 1.55 and a beta of 0.97. Domino’s Pizza Inc has a 1 year low of $282.00 and a 1 year high of $486.68. The firm’s fifty day simple moving average is $310.18 and its 200 day simple moving average is $355.63.
Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last posted its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). The company had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.81 EPS. Equities research analysts anticipate that Domino’s Pizza Inc will post 18.87 EPS for the current fiscal year.
Domino’s Pizza Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $1.99 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.5%. Domino’s Pizza’s dividend payout ratio is 45.15%.
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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