Domino’s Pizza Inc $DPZ Shares Purchased by HORAN Wealth LLC

by · The Cerbat Gem

HORAN Wealth LLC grew its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ – Free Report) by 36.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,667 shares of the restaurant operator’s stock after buying an additional 2,049 shares during the period. HORAN Wealth LLC’s holdings in Domino’s Pizza were worth $2,751,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DPZ. Teacher Retirement System of Texas boosted its position in shares of Domino’s Pizza by 55.7% in the fourth quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator’s stock worth $18,845,000 after buying an additional 16,179 shares during the period. Amica Mutual Insurance Co. raised its holdings in shares of Domino’s Pizza by 59.8% during the 4th quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock valued at $6,909,000 after buying an additional 6,203 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Domino’s Pizza by 10.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock valued at $28,544,000 after buying an additional 6,223 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Domino’s Pizza by 21,977.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after acquiring an additional 910,529 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in Domino’s Pizza by 18.0% during the 4th quarter. Fisher Asset Management LLC now owns 34,632 shares of the restaurant operator’s stock worth $14,436,000 after acquiring an additional 5,282 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Stifel Nicolaus set a $400.00 price objective on shares of Domino’s Pizza in a research report on Monday, April 27th. The Goldman Sachs Group reduced their target price on shares of Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. TD Cowen restated a “hold” rating on shares of Domino’s Pizza in a research note on Monday. Jefferies Financial Group lowered their price target on shares of Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a report on Tuesday, April 28th. Finally, Citigroup dropped their price target on shares of Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 7th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $400.57.

Read Our Latest Research Report on DPZ

Domino’s Pizza News Roundup

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

Domino’s Pizza Trading Up 2.1%

Shares of NASDAQ:DPZ opened at $328.97 on Tuesday. The company has a fifty day simple moving average of $309.24 and a 200 day simple moving average of $357.66. The firm has a market cap of $10.94 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.55 and a beta of 0.97. Domino’s Pizza Inc has a 12-month low of $282.00 and a 12-month high of $496.00.

Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last posted its quarterly earnings results 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). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The company had revenue of $1.19 billion during the quarter. During the same quarter in the previous year, the company earned $3.81 earnings per share. Domino’s Pizza’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, equities research analysts forecast that Domino’s Pizza Inc will post 18.88 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio is 45.83%.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza stock in a transaction dated 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 in the company, valued at approximately $2,928,672.32. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 1,950 shares of company stock worth $611,451 over the last quarter. Company insiders own 0.89% of the company’s stock.

Domino’s Pizza Profile

(Free Report)

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.

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