Domino’s Pizza Inc $DPZ Shares Sold by Engineers Gate Manager LP

Engineers Gate Manager LP lessened its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 67.4% in the 2nd quarter, Holdings Channel reports. The firm owned 16,030 shares of the restaurant operator’s stock after selling 33,159 shares during the period. Engineers Gate Manager LP’s holdings in Domino’s Pizza were worth $4,746,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SHP Wealth Management acquired a new position in Domino’s Pizza during the fourth quarter worth $25,000. Rakuten Securities Inc. purchased a new position in Domino’s Pizza during the 2nd quarter valued at about $28,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in 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 valued at $29,000 after acquiring an additional 34 shares during the period. Investors Research Corp grew 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 acquiring an additional 99 shares in the last quarter. Finally, MBM Wealth Consultants LLC acquired a new position in Domino’s Pizza in the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Citigroup reduced their price target on shares of 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. Loop Capital reaffirmed a “hold” rating and set a $353.00 target price on shares of Domino’s Pizza in a research note on Monday, August 10th. KeyCorp restated a “sector weight” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. BTIG Research reaffirmed a “buy” rating and set a $425.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, July 21st. Finally, Benchmark reiterated a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $398.06.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 12,430 shares of the company’s 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 completion of the transaction, the executive vice president owned 9,352 shares in the company, valued at $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Russell J. Weiner sold 10,850 shares of the firm’s 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 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 23,767 shares of company stock worth $7,737,107 over the last ninety days. Insiders own 0.89% of the company’s stock.

Domino’s Pizza Stock Performance

DPZ opened at $311.60 on Friday. Domino’s Pizza Inc has a one year low of $282.00 and a one year high of $458.27. The company has a market cap of $10.31 billion, a P/E ratio of 17.67, a PEG ratio of 1.44 and a beta of 0.94. The business’s 50-day simple moving average is $336.15 and its 200-day simple moving average is $342.28.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The business 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 firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business earned $3.81 earnings per share. As a group, analysts predict that Domino’s Pizza Inc will post 18.88 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently announced 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. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.6%. Domino’s Pizza’s dividend payout ratio is presently 45.15%.

Domino’s Pizza Profile

Domino’s Pizza, Inc is a global restaurant company that operates and franchises stores under the Domino’s brand. Its core business centers on the preparation and delivery of made-to-order pizzas, with carryout and digital ordering also playing important roles in its customer service model.

The company’s menu includes a variety of pizzas, crusts and toppings, along with side dishes, chicken, sandwiches, desserts and beverages. Domino’s also operates a supply chain business that produces and distributes food, equipment and other products to company-owned and franchised stores, supporting consistency across its restaurant network.

Founded in 1960 in Ypsilanti, Michigan, Domino’s was initially known as Dominick’s before adopting its current name in 1965.