Quantitative Investment Management LLC acquired a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 6,044 shares of the restaurant operator’s stock, valued at approximately $1,789,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of DPZ. SHP Wealth Management acquired a new stake in Domino’s Pizza in the 4th quarter worth approximately $25,000. Rakuten Securities Inc. acquired a new position in Domino’s Pizza during the 2nd quarter valued at approximately $28,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in 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 purchasing an additional 34 shares in the last quarter. Investors Research Corp raised its holdings in shares of Domino’s Pizza by 9,900.0% in the second quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock worth $30,000 after buying an additional 99 shares during the last quarter. Finally, MBM Wealth Consultants LLC purchased a new position in shares of Domino’s Pizza in the first quarter worth $31,000. 94.63% of the stock is owned by hedge funds and other institutional investors.
Domino’s Pizza Price Performance
NASDAQ DPZ opened at $342.06 on Tuesday. The company has a market capitalization of $11.32 billion, a PE ratio of 19.40, a P/E/G ratio of 1.69 and a beta of 0.94. The company has a fifty day moving average of $329.54 and a 200 day moving average of $344.97. Domino’s Pizza Inc has a 1 year low of $282.00 and a 1 year high of $469.00.
Domino’s Pizza Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino’s Pizza’s payout ratio is 45.15%.
Wall Street Analyst Weigh In
Several research firms have recently commented on DPZ. Benchmark reiterated a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Robert W. Baird restated a “neutral” rating and issued a $350.00 target price on shares of Domino’s Pizza in a research note on Monday, August 24th. JPMorgan Chase & Co. reduced their target price on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Morgan Stanley lowered their price target on Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th. Finally, Oppenheimer dropped their price target on Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Domino’s Pizza has an average rating of “Hold” and an average target price of $397.42.
Get Our Latest Report on Domino’s Pizza
Insider Transactions at Domino’s Pizza
In related news, CEO Russell J. Weiner sold 10,850 shares of Domino’s Pizza stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the completion of the transaction, the chief executive officer directly owned 43,829 shares in the company, valued at approximately $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $3,011,718.08. The trade was a 57.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 24,254 shares of company stock worth $7,888,924 in the last 90 days. Company insiders own 0.89% of the company’s stock.
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 handâcrafted 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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