CIBC Asset Management Inc Acquires 2,676 Shares of Domino’s Pizza Inc $DPZ

CIBC Asset Management Inc increased its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 55.4% in the 4th quarter, Holdings Channel reports. The fund owned 7,507 shares of the restaurant operator’s stock after buying an additional 2,676 shares during the quarter. CIBC Asset Management Inc’s holdings in Domino’s Pizza were worth $3,129,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DPZ. Jump Financial LLC bought a new position in shares of Domino’s Pizza in the 2nd quarter worth about $3,183,000. Investment Management Corp of Ontario increased its stake in Domino’s Pizza by 68.3% during the 2nd 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 in the last quarter. Sei Investments Co. increased its stake in Domino’s Pizza by 21.7% during the 2nd 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 in the last quarter. Glenview Trust co increased its stake in Domino’s Pizza by 36.9% during the 2nd 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 in the last quarter. Finally, HUB Investment Partners LLC increased its stake in Domino’s Pizza by 17.3% during the 2nd quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock valued at $596,000 after purchasing an additional 195 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $313.99 on Monday. The firm’s 50-day moving average price is $339.09 and its 200-day moving average price is $382.44. The company has a market cap of $10.44 billion, a PE ratio of 18.08, a PEG ratio of 1.46 and a beta of 0.98. Domino’s Pizza Inc has a 52-week low of $297.48 and a 52-week high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The company had revenue of $1.15 billion for the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.33 earnings per share. As a group, equities research analysts anticipate that Domino’s Pizza Inc will post 19.07 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 45.83%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DPZ shares. Morgan Stanley reduced their price objective on shares of Domino’s Pizza from $430.00 to $395.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. Royal Bank Of Canada reduced their price objective on shares of Domino’s Pizza from $400.00 to $350.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 28th. Guggenheim reduced their price objective on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Benchmark reduced their price objective on shares of Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Finally, Mizuho reduced their price objective on shares of Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating for the company in a research note on Tuesday, April 28th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $418.13.

Insider Activity

In other news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $313.16, for a total transaction of $152,822.08. Following the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,928,672.32. This trade represents a 4.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.89% of the stock is currently owned by insiders.

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.