Domino’s Pizza Inc $DPZ Shares Sold by Andra AP fonden

Andra AP fonden lessened its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 96.1% in the first quarter, HoldingsChannel reports. The firm owned 1,572 shares of the restaurant operator’s stock after selling 38,768 shares during the quarter. Andra AP fonden’s holdings in Domino’s Pizza were worth $564,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new stake in shares of Domino’s Pizza during the 2nd quarter worth about $3,183,000. Investment Management Corp of Ontario raised its position in shares of Domino’s Pizza by 68.3% in the second quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock valued at $718,000 after buying an additional 647 shares during the last quarter. Sei Investments Co. raised its position in shares of Domino’s Pizza by 21.7% in the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock valued at $36,480,000 after buying an additional 14,452 shares during the last quarter. Glenview Trust co lifted its stake in shares of Domino’s Pizza by 36.9% during the second quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock valued at $511,000 after buying an additional 306 shares during the period. Finally, HUB Investment Partners LLC lifted its stake in shares of Domino’s Pizza by 17.3% during the second quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock valued at $596,000 after buying an additional 195 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Key Headlines Impacting Domino’s Pizza

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

• Positive Sentiment: Domino’s shares are being supported by its latest quarter, with revenue coming in above estimates and helping reinforce the view that the business is holding up better than some investors expected. Domino’s Pizza shares rise as quarterly revenue tops estimates
• Positive Sentiment: Several analysts remained constructive, including BTIG’s Buy rating and Wells Fargo’s higher price target of $350, which can help sentiment around the stock. Domino’s Pizza (NASDAQ:DPZ) Earns Buy Rating from BTIG Research Wells Fargo & Company Raises Domino’s Pizza (NASDAQ:DPZ) Price Target to $350.00
• Positive Sentiment: Coverage suggesting Domino’s may be undervalued after stronger-than-expected Q2 revenue could attract value-oriented investors. Is Domino’s Pizza (DPZ) Undervalued After Stronger Than Expected Q2 Revenue?
• Neutral Sentiment: Analyst sentiment remains broadly favorable overall, with Domino’s receiving an average “Moderate Buy” recommendation. Domino’s Pizza Inc (NASDAQ:DPZ) Receives Average Recommendation of “Moderate Buy” from Analysts
• Neutral Sentiment: There is some offsetting caution from Oppenheimer’s pessimistic forecast and BMO’s lower price target of $420, which may temper enthusiasm but do not appear to outweigh the positive revenue narrative. Oppenheimer Issues Pessimistic Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price BMO Capital Markets Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $420.00
• Negative Sentiment: Investor attention may also be slightly dampened by CEO Russell Weiner’s sale of 10,850 shares, a move some traders interpret as a mild confidence signal risk. Domino’s CEO Russell Weiner Sells 10,850 Shares for $3.6 Million — Should Investors Be Worried?

Wall Street Analysts Forecast Growth

Several research firms have commented on DPZ. Evercore reaffirmed an “outperform” rating on shares of Domino’s Pizza in a research note on Thursday, July 9th. Morgan Stanley reduced their price target on Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Citigroup lowered their price objective on Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, July 7th. Mizuho lowered their price objective on Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. Finally, Piper Sandler dropped their target price on Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating for the company in a research note on Monday, April 27th. Eighteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $402.16.

Insider Buying and Selling

In other news, EVP Kelly E. Garcia sold 487 shares of the firm’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $297.01, for a total value of $144,643.87. Following the transaction, the executive vice president directly owned 9,352 shares in the company, valued at $2,777,637.52. This trade represents a 4.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 1,950 shares of company stock worth $611,451 in the last ninety days. Corporate insiders own 0.89% of the company’s stock.

Domino’s Pizza Stock Up 1.1%

NASDAQ:DPZ opened at $323.25 on Friday. The company has a market cap of $10.69 billion, a P/E ratio of 18.34, a P/E/G ratio of 1.55 and a beta of 0.97. Domino’s Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $486.68. The firm’s 50 day moving average is $310.18 and its two-hundred day moving average is $355.63.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). The company had revenue of $1.19 billion for the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.81 earnings per share. Research analysts forecast that Domino’s Pizza Inc will post 18.87 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $1.99 per share. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.5%. Domino’s Pizza’s dividend payout ratio is currently 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.