Domino’s Pizza Inc $DPZ Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp increased its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 427.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,402 shares of the restaurant operator’s stock after purchasing an additional 5,189 shares during the period. Fifth Third Bancorp’s holdings in Domino’s Pizza were worth $2,297,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. SHP Wealth Management acquired a new position in Domino’s Pizza during the fourth quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Domino’s Pizza by 97.1% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 34 shares during the period. Johnson Financial Group Inc. boosted its position 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 worth $36,000 after purchasing an additional 56 shares in the last quarter. MBM Wealth Consultants LLC purchased a new stake in shares of Domino’s Pizza during the 1st quarter worth $31,000. Finally, Arax Advisory Partners acquired a new position in shares of Domino’s Pizza during the 4th quarter worth $42,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza News Summary

Here are the key news stories impacting Domino’s Pizza this week:

• Positive Sentiment: Domino’s beat revenue estimates in Q2, with sales up 4.3% year over year, and management highlighted stronger order volume across delivery and carryout. Domino’s revenue beats estimates as supply-chain business offsets weak demand
• Positive Sentiment: Analysts responded with several price-target updates, including Wells Fargo raising its target to $350 and BTIG reaffirming a Buy rating with a $425 target, suggesting some confidence in the longer-term setup. These Analysts Revise Their Forecasts On Domino’s After Q2 Results
• Positive Sentiment: Free cash flow and cash flow margins were described as strong, which is helping the stock appeal to value-oriented investors after the post-earnings reaction. Domino’s Pizza Delivers Strong FCF and FCF Margins – Is DPZ Stock Too Cheap?

Insiders Place Their Bets

In other news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total value of $152,822.08. Following the completion of the transaction, the executive vice president directly 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold a total of 1,950 shares of company stock worth $611,451 over the last ninety days. Company insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DPZ. Weiss Ratings cut shares of Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. reduced their price target on shares of Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating for the company in a research report on Tuesday, June 23rd. KeyCorp reissued a “sector weight” rating on shares of Domino’s Pizza in a research note on Tuesday. Piper Sandler lowered their price target on Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating on the stock in a report on Monday, April 27th. Finally, HSBC dropped their price objective on Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Eighteen 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.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average target price of $402.16.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $326.34 on Wednesday. The firm’s 50-day moving average is $309.57 and its two-hundred day moving average is $357.03. The company has a market capitalization of $10.85 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97. Domino’s Pizza Inc has a 12-month low of $282.00 and a 12-month high of $486.68.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business had revenue of $1.19 billion for the quarter. During the same period last year, the business posted $3.81 earnings per share. Domino’s Pizza’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts forecast that Domino’s Pizza Inc will post 18.89 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $1.99 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.4%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 45.15%.

About Domino’s Pizza

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.