Domino’s Pizza Inc $DPZ Shares Purchased by Arbejdsmarkedets Tillaegspension

Arbejdsmarkedets Tillaegspension boosted its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 26.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 70,362 shares of the restaurant operator’s stock after buying an additional 14,611 shares during the quarter. Arbejdsmarkedets Tillaegspension’s holdings in Domino’s Pizza were worth $25,245,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DPZ. SHP Wealth Management purchased a new stake in shares of Domino’s Pizza during the fourth quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC grew its stake 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 valued at $29,000 after acquiring an additional 34 shares in the last quarter. MBM Wealth Consultants LLC acquired a new stake in Domino’s Pizza in the 1st quarter valued at about $31,000. Johnson Financial Group Inc. lifted its stake 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 purchased a new stake in shares of Domino’s Pizza in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Transactions at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction 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 approximately $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 SEC, which can be accessed through this link. Insiders have sold 1,950 shares of company stock valued at $611,451 over the last three months. Company insiders own 0.89% of the company’s stock.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $299.46 on Monday. The firm’s 50 day moving average is $310.32 and its two-hundred day moving average is $362.18. The firm has a market capitalization of $9.96 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.40 and a beta of 0.97. 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 released its quarterly earnings results 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 firm had revenue of $1.15 billion for the quarter. During the same quarter last year, the business posted $4.33 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, research analysts expect that Domino’s Pizza Inc will post 18.91 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, June 15th. Domino’s Pizza’s payout ratio is presently 45.83%.

Analysts Set New Price Targets

Several brokerages have issued reports on DPZ. Weiss Ratings cut Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Barclays decreased their price target on Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating on the stock in a research note on Monday, April 27th. Rothschild & Co Redburn dropped their price objective on Domino’s Pizza from $340.00 to $290.00 in a research note on Monday, May 11th. BMO Capital Markets lowered their target price on Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. Finally, Evercore reiterated an “outperform” rating on shares of Domino’s Pizza in a research note on Thursday. Seventeen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $405.39.

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.