Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 77,306 Domino’s Pizza Inc $DPZ

Connor Clark & Lunn Investment Management Ltd. bought a new position in Domino’s Pizza Inc (NASDAQ:DPZFree Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 77,306 shares of the restaurant operator’s stock, valued at approximately $22,886,000. Connor Clark & Lunn Investment Management Ltd. owned 0.23% of Domino’s Pizza at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Soroban Capital Partners LP purchased a new position in Domino’s Pizza in the 1st quarter worth approximately $895,251,000. BlackRock Inc. purchased a new stake in Domino’s Pizza during the 2nd quarter worth $715,704,000. Northwestern Mutual Wealth Management Co. increased its stake in Domino’s Pizza by 21,977.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after buying an additional 910,529 shares during the period. Norges Bank acquired a new position in Domino’s Pizza in the 4th quarter worth $285,116,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Domino’s Pizza by 247.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock worth $189,171,000 after buying an additional 375,709 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DPZ shares. Benchmark reiterated a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. BTIG Research restated a “buy” rating and set a $425.00 price objective on shares of Domino’s Pizza in a report on Tuesday, July 21st. Weiss Ratings lowered Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Citigroup decreased their price target on shares of Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, July 7th. Finally, The Goldman Sachs Group dropped their price target 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. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $397.42.

View Our Latest Stock Report on DPZ

Insider Transactions at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 12,430 shares of the company’s stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 9,352 shares in the company, valued at $3,011,718.08. This represents a 57.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Russell J. Weiner sold 10,850 shares of the firm’s stock in a transaction on 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 sale, 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. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 24,254 shares of company stock worth $7,888,924. Insiders own 0.89% of the company’s stock.

Domino’s Pizza Trading Up 2.1%

Shares of NASDAQ DPZ opened at $349.01 on Tuesday. Domino’s Pizza Inc has a twelve month low of $282.00 and a twelve month high of $469.00. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.65 and a beta of 0.94. The business has a 50 day simple moving average of $326.27 and a 200-day simple moving average of $346.76.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last announced 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 firm 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%.Domino’s Pizza’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.81 EPS. As a group, equities analysts predict that Domino’s Pizza Inc will post 18.88 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. Stockholders of record on Tuesday, September 15th will be given a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 45.15%.

Domino’s Pizza Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding DPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domino’s Pizza Inc (NASDAQ:DPZFree Report).

Institutional Ownership by Quarter for Domino's Pizza (NASDAQ:DPZ)

Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.