Longfellow Investment Management Co. LLC Makes New $675,000 Investment in Domino’s Pizza Inc $DPZ

Longfellow Investment Management Co. LLC purchased a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the second quarter, Holdings Channel reports. The institutional investor purchased 2,280 shares of the restaurant operator’s stock, valued at approximately $675,000.

Several other institutional investors have also recently made changes to their positions in DPZ. Teacher Retirement System of Texas raised its holdings in shares of Domino’s Pizza by 55.7% in the 4th quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator’s stock valued at $18,845,000 after purchasing an additional 16,179 shares in the last quarter. Amica Mutual Insurance Co. increased its holdings in Domino’s Pizza by 59.8% during the fourth 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. increased its holdings in Domino’s Pizza by 10.2% during the fourth 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. raised its stake in Domino’s Pizza by 21,977.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after buying an additional 910,529 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in Domino’s Pizza by 18.0% in the fourth quarter. Fisher Asset Management LLC now owns 34,632 shares of the restaurant operator’s stock worth $14,436,000 after buying an additional 5,282 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. UBS Group reiterated a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Northcoast Research decreased their price objective on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Morgan Stanley dropped their price objective on Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. Loop Capital reiterated a “hold” rating and issued a $353.00 target price on shares of Domino’s Pizza in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average target price of $397.42.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, CEO Russell J. Weiner sold 10,850 shares of the stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the sale, the chief executive officer directly owned 43,829 shares in the company, valued at approximately $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kelly E. Garcia sold 12,430 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 24,742 shares of company stock valued at $8,041,746. 0.89% of the stock is currently owned by company insiders.

Domino’s Pizza Stock Performance

NASDAQ DPZ opened at $346.27 on Monday. The firm’s fifty day simple moving average is $323.57 and its two-hundred day simple moving average is $349.67. The firm has a market capitalization of $11.45 billion, a P/E ratio of 19.64, a P/E/G ratio of 1.67 and a beta of 0.94. Domino’s Pizza Inc has a 12-month low of $282.00 and a 12-month high of $469.00.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). The business 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 company’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.81 EPS. As a group, sell-side analysts predict that Domino’s Pizza Inc will post 18.88 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio is currently 45.15%.

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.