Sovereign Financial Group Inc. Purchases New Shares in Domino’s Pizza Inc $DPZ

Sovereign Financial Group Inc. purchased a new position in Domino’s Pizza Inc (NASDAQ:DPZ) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 8,477 shares of the restaurant operator’s stock, valued at approximately $3,041,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SHP Wealth Management purchased a new stake in shares of Domino’s Pizza in the fourth quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of 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 purchasing an additional 34 shares during the period. Johnson Financial Group Inc. grew its holdings in Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 56 shares during the last quarter. Arax Advisory Partners bought a new position in Domino’s Pizza during the 4th quarter valued at about $42,000. Finally, MUFG Securities EMEA plc purchased a new stake in Domino’s Pizza in the 2nd quarter worth about $46,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Price Performance

NASDAQ:DPZ opened at $295.11 on Tuesday. Domino’s Pizza Inc has a 1-year low of $294.28 and a 1-year high of $496.00. The company has a 50-day moving average of $327.76 and a 200 day moving average of $374.88. The firm has a market cap of $9.82 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 1.45 and a beta of 0.98.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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%.Domino’s Pizza’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.33 EPS. Sell-side analysts anticipate that Domino’s Pizza Inc will post 19.07 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $1.99 per share. The ex-dividend date is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.7%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.83%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Argus upgraded Domino’s Pizza to a “hold” rating in a research note on Monday, March 9th. Gordon Haskett decreased their price target on shares of Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Rothschild & Co Redburn lowered their price target on Domino’s Pizza from $340.00 to $290.00 in a report on Monday, May 11th. TD Cowen lowered their price target on Domino’s Pizza from $377.00 to $350.00 and set a “hold” rating for the company in a report on Wednesday, May 27th. Finally, Mizuho dropped their price objective on Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $418.13.

Insider Activity

In related news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza stock in a transaction that occurred on 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 directly owned 9,352 shares of the company’s stock, valued at $2,928,672.32. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 1,463 shares of company stock worth $466,807 in the last 90 days. 0.89% of the stock is currently owned by company 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.