Partners Capital Investment Group LLP Takes Position in Domino’s Pizza Inc $DPZ

Partners Capital Investment Group LLP purchased a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,428 shares of the restaurant operator’s stock, valued at approximately $2,791,000.

Several other institutional investors also recently added to or reduced their stakes in the company. SHP Wealth Management purchased a new stake in Domino’s Pizza in the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. acquired a new position in shares of Domino’s Pizza in the 2nd quarter valued at $28,000. Annis Gardner Whiting Capital Advisors LLC raised its position in Domino’s Pizza by 97.1% in the 4th 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 during the last quarter. Investors Research Corp raised its position in Domino’s Pizza by 9,900.0% in the 2nd quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 99 shares during the last quarter. Finally, MBM Wealth Consultants LLC acquired a new stake in Domino’s Pizza during the 1st quarter worth $31,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Sanford C. Bernstein reissued a “market perform” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. Oppenheimer reduced their target price on shares of Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Gordon Haskett decreased their target price 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. Mizuho lowered their price target on Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. Finally, Citigroup dropped their price target on Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 7th. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $397.42.

Insider Activity

In other Domino’s Pizza news, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the transaction, the chief executive officer directly owned 43,829 shares in the company, valued at approximately $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kelly E. Garcia sold 12,430 shares of the firm’s stock in a transaction that occurred 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 completion of 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 disclosure for this sale is available in the SEC filing. Insiders have sold 24,254 shares of company stock worth $7,888,924 over the last 90 days. 0.89% of the stock is currently owned by company insiders.

Domino’s Pizza Stock Up 2.1%

Shares of NASDAQ:DPZ opened at $349.01 on Tuesday. Domino’s Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $469.00. The firm’s 50-day simple moving average is $326.27 and its 200-day simple moving average is $346.76. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.65 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) 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 negative return on equity of 15.15% and a net margin of 11.86%.The firm had revenue of $1.19 billion for the quarter. During the same period in the prior year, the company earned $3.81 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, research analysts forecast that Domino’s Pizza Inc will post 18.88 EPS for the current year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 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.