Bridges Investment Management Inc. Acquires 775 Shares of Domino’s Pizza Inc $DPZ

by · The Markets Daily

Bridges Investment Management Inc. increased its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZFree Report) by 15.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,802 shares of the restaurant operator’s stock after purchasing an additional 775 shares during the period. Bridges Investment Management Inc.’s holdings in Domino’s Pizza were worth $2,614,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Domino’s Pizza by 3.1% in the first quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator’s stock valued at $799,897,000 after acquiring an additional 53,124 shares in the last quarter. Invesco Ltd. boosted its stake in Domino’s Pizza by 32.9% in the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator’s stock valued at $371,997,000 after acquiring an additional 200,622 shares in the last quarter. Northern Trust Corp boosted its stake in Domino’s Pizza by 13.9% in the first quarter. Northern Trust Corp now owns 450,302 shares of the restaurant operator’s stock valued at $206,891,000 after acquiring an additional 54,909 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Domino’s Pizza by 9.0% in the first quarter. Envestnet Asset Management Inc. now owns 402,412 shares of the restaurant operator’s stock valued at $184,888,000 after acquiring an additional 33,105 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Domino’s Pizza by 12.8% in the first quarter. Wellington Management Group LLP now owns 350,086 shares of the restaurant operator’s stock valued at $160,847,000 after acquiring an additional 39,745 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Trading Down 0.1%

NASDAQ DPZ opened at $416.95 on Friday. The company has a fifty day simple moving average of $439.72 and a two-hundred day simple moving average of $457.80. The stock has a market cap of $14.09 billion, a P/E ratio of 24.37, a P/E/G ratio of 2.29 and a beta of 1.12. Domino’s Pizza Inc has a 12-month low of $397.12 and a 12-month high of $500.55.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last posted its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.12. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company posted $4.19 earnings per share. The business’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts forecast that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, December 15th. Domino’s Pizza’s dividend payout ratio (DPR) is 40.68%.

Insider Activity

In related news, Director James A. Goldman sold 1,000 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the transaction, the director owned 3,384 shares of the company’s stock, valued at $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DPZ has been the subject of several recent analyst reports. Bank of America raised their target price on shares of Domino’s Pizza from $514.00 to $536.00 and gave the company a “buy” rating in a research note on Wednesday. BTIG Research restated a “buy” rating and issued a $530.00 target price on shares of Domino’s Pizza in a research note on Wednesday. Piper Sandler lowered their target price on shares of Domino’s Pizza from $477.00 to $443.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Benchmark raised their target price on shares of Domino’s Pizza from $535.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Finally, Royal Bank Of Canada decreased their price target on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating for the company in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $489.92.

Get Our Latest Research Report on DPZ

Domino’s Pizza Company Profile

(Free Report)

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.

Further Reading

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