Private Advisor Group LLC acquired a new position in shares of Domino’s Pizza, Inc. (NYSE:DPZ – Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,994 shares of the restaurant operator’s stock, valued at approximately $658,000.
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Domino’s Pizza by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,884,266 shares of the restaurant operator’s stock valued at $1,580,935,000 after buying an additional 28,157 shares in the last quarter. Principal Financial Group Inc. boosted its position in Domino’s Pizza by 3.1% during the first quarter. Principal Financial Group Inc. now owns 1,657,572 shares of the restaurant operator’s stock worth $546,784,000 after purchasing an additional 49,471 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Domino’s Pizza by 23.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,616,607 shares of the restaurant operator’s stock valued at $559,993,000 after purchasing an additional 306,750 shares during the period. Norges Bank purchased a new stake in shares of Domino’s Pizza in the fourth quarter valued at approximately $369,800,000. Finally, Renaissance Technologies LLC raised its stake in shares of Domino’s Pizza by 8.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,040,825 shares of the restaurant operator’s stock worth $423,626,000 after buying an additional 84,947 shares during the period. 92.27% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. Jefferies Financial Group boosted their price target on shares of Domino’s Pizza from $325.00 to $375.00 and gave the stock a “hold” rating in a report on Thursday, July 20th. Stifel Nicolaus boosted their target price on shares of Domino’s Pizza from $350.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. StockNews.com initiated coverage on shares of Domino’s Pizza in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. TD Cowen reiterated a “market perform” rating and set a $420.00 price objective on shares of Domino’s Pizza in a research note on Monday, August 14th. Finally, Stephens reissued an “equal weight” rating and issued a $365.00 price objective on shares of Domino’s Pizza in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza currently has an average rating of “Hold” and a consensus price target of $392.97.
Insider Activity at Domino’s Pizza
In other Domino’s Pizza news, EVP Cynthia A. Headen sold 382 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $400.00, for a total value of $152,800.00. Following the sale, the executive vice president now directly owns 4,333 shares of the company’s stock, valued at approximately $1,733,200. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 427 shares of company stock worth $170,095. Company insiders own 0.76% of the company’s stock.
Domino’s Pizza Trading Down 1.7 %
DPZ opened at $387.40 on Friday. The firm has a market cap of $13.59 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 2.18 and a beta of 0.86. The stock’s 50-day moving average price is $374.82 and its 200 day moving average price is $337.30. Domino’s Pizza, Inc. has a 12-month low of $285.84 and a 12-month high of $409.95.
Domino’s Pizza (NYSE:DPZ – Get Free Report) last issued its quarterly earnings results on Monday, July 24th. The restaurant operator reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.02. Domino’s Pizza had a net margin of 10.49% and a negative return on equity of 11.24%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company earned $2.82 earnings per share. The business’s quarterly revenue was down 3.8% on a year-over-year basis. On average, research analysts forecast that Domino’s Pizza, Inc. will post 13.73 earnings per share for the current year.
Domino’s Pizza Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, September 14th. Domino’s Pizza’s payout ratio is currently 36.58%.
Domino’s Pizza Company Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.
Read More
- Five stocks we like better than Domino’s Pizza
- What is a Stock Market Index and How Do You Use Them?
- 3 Takeaways from the August Inflation Report
- How to Invest in Small Cap Stocks
- On Fire: 5 Best Artificial Intelligence Penny Stocks
- How to Use the MarketBeat Dividend Calculator
- 6 Cybersecurity Stocks: Which is the Best to Buy?
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.
