5,376 Shares in Domino’s Pizza Inc $DPZ Purchased by OP Asset Management Ltd

OP Asset Management Ltd bought a new position in Domino’s Pizza Inc (NASDAQ:DPZ) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,376 shares of the restaurant operator’s stock, valued at approximately $1,929,000.

Several other hedge funds and other institutional investors have also bought and sold shares of DPZ. SHP Wealth Management bought a new position in Domino’s Pizza during the fourth quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC grew its position in Domino’s Pizza by 97.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 34 shares during the period. Johnson Financial Group Inc. lifted its holdings in shares of Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 56 shares during the period. Arax Advisory Partners bought a new position in shares of Domino’s Pizza during the 4th quarter valued at $42,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Domino’s Pizza in the 2nd quarter worth $46,000. Institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on DPZ. Wells Fargo & Company cut their price objective on Domino’s Pizza from $400.00 to $350.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. Mizuho lowered their target price on Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. Citigroup cut their price target on Domino’s Pizza from $425.00 to $365.00 and set a “neutral” rating for the company in a research note on Tuesday, April 28th. UBS Group reaffirmed a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday, June 23rd. Finally, TD Cowen reiterated a “hold” rating and issued a $350.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, June 23rd. Seventeen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $412.97.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $313.16, for a total transaction of $152,822.08. Following the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,928,672.32. The trade was a 4.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 1,463 shares of company stock worth $466,807 over the last quarter. 0.89% of the stock is owned by insiders.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $298.18 on Monday. The stock has a 50-day simple moving average of $321.40 and a two-hundred day simple moving average of $371.08. The firm has a market capitalization of $9.92 billion, a PE ratio of 17.17, a P/E/G ratio of 1.39 and a beta of 0.98. Domino’s Pizza Inc has a 52-week low of $282.00 and a 52-week high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company had revenue of $1.15 billion during the quarter. During the same quarter in the prior year, the business earned $4.33 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts forecast that Domino’s Pizza Inc will post 18.99 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.99 per share. The ex-dividend date is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.7%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 45.83%.

Domino’s Pizza 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.