IFM Investors Pty Ltd Buys Shares of 6,707 Domino’s Pizza Inc $DPZ

IFM Investors Pty Ltd bought a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,707 shares of the restaurant operator’s stock, valued at approximately $2,406,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SHP Wealth Management bought a new position in shares of Domino’s Pizza in the 4th quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC grew its position 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 worth $29,000 after acquiring an additional 34 shares during the last quarter. MBM Wealth Consultants LLC acquired a new position in Domino’s Pizza in the 1st quarter worth about $31,000. Johnson Financial Group Inc. increased its holdings in Domino’s Pizza by 200.0% in 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. Finally, Arax Advisory Partners acquired a new position in Domino’s Pizza in the 4th quarter worth about $42,000. Institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on DPZ shares. Stifel Nicolaus set a $400.00 price target on Domino’s Pizza in a research note on Monday, April 27th. Morgan Stanley lowered their price objective on 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. The Goldman Sachs Group dropped their price objective on shares of Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Argus upgraded shares of Domino’s Pizza to a “hold” rating in a research report on Monday, March 9th. Finally, Wells Fargo & Company reduced their target price on shares of Domino’s Pizza from $400.00 to $350.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $411.35.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $311.66 on Friday. The company has a market cap of $10.37 billion, a P/E ratio of 17.94, a PEG ratio of 1.45 and a beta of 0.97. The stock has a 50 day simple moving average of $314.84 and a two-hundred day simple moving average of $367.20. Domino’s Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last posted 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 business had revenue of $1.15 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.33 EPS. On average, research analysts predict that Domino’s Pizza Inc will post 18.99 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $1.99 per share. The ex-dividend date was Monday, June 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.6%. Domino’s Pizza’s dividend payout ratio is currently 45.83%.

Insider Activity

In other news, EVP Kelly E. Garcia sold 488 shares of the 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 transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,928,672.32. This represents a 4.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have sold 1,463 shares of company stock worth $466,807. 0.89% of the stock is owned by corporate insiders.

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.