Pallas Capital Advisors LLC Invests $775,000 in Domino’s Pizza Inc $DPZ

Pallas Capital Advisors LLC acquired a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,619 shares of the restaurant operator’s stock, valued at approximately $775,000.

A number of other hedge funds also recently made changes to their positions in the stock. SHP Wealth Management bought a new position in Domino’s Pizza in the fourth quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC raised its position in Domino’s Pizza by 97.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 34 shares in the last quarter. Investors Research Corp lifted its stake in Domino’s Pizza by 9,900.0% during the second quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 99 shares during the last quarter. MBM Wealth Consultants LLC bought a new stake in Domino’s Pizza during the first quarter worth about $31,000. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Domino’s Pizza by 450.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 81 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 12,430 shares of Domino’s Pizza stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $3,011,718.08. The trade was a 57.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Russell J. Weiner sold 10,850 shares of Domino’s Pizza stock in a transaction on Friday, July 17th. The stock was sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the completion of the transaction, the chief executive officer directly owned 43,829 shares in the company, valued at approximately $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 24,742 shares of company stock valued at $8,041,746 in the last quarter. Corporate insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DPZ shares. Evercore reissued an “outperform” rating on shares of Domino’s Pizza in a report on Thursday, July 9th. Mizuho cut their target price on Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating for the company in a research note on Tuesday, April 28th. TD Cowen increased their price target on shares of Domino’s Pizza from $295.00 to $310.00 and gave the company a “hold” rating in a research report on Monday, July 20th. Loop Capital reissued a “hold” rating and set a $353.00 price target on shares of Domino’s Pizza in a research note on Monday, August 10th. Finally, Royal Bank Of Canada boosted their price objective on shares of Domino’s Pizza from $325.00 to $350.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Seventeen 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $397.42.

Domino’s Pizza Trading Up 0.2%

Shares of NASDAQ:DPZ opened at $336.25 on Wednesday. The stock has a market capitalization of $11.12 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 1.67 and a beta of 0.94. The stock’s 50-day moving average price is $324.38 and its 200-day moving average price is $348.63. 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 released its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The company had revenue of $1.19 billion during 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% compared to the same quarter last year. During the same period in the previous year, the business posted $3.81 earnings per share. As a group, research analysts predict that Domino’s Pizza Inc will post 18.88 EPS for the current year.

Domino’s Pizza Announces Dividend

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