Lafayette Investments Inc. Has $419,000 Stock Holdings in Domino’s Pizza Inc $DPZ

Lafayette Investments Inc. increased its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 2.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 929 shares of the restaurant operator’s stock after purchasing an additional 24 shares during the period. Lafayette Investments Inc.’s holdings in Domino’s Pizza were worth $419,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its position in shares of Domino’s Pizza by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator’s stock valued at $799,897,000 after acquiring an additional 53,124 shares during the period. Invesco Ltd. increased its stake in Domino’s Pizza by 32.9% in the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator’s stock valued at $371,997,000 after purchasing an additional 200,622 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Domino’s Pizza by 13.9% during the first quarter. Northern Trust Corp now owns 450,302 shares of the restaurant operator’s stock valued at $206,891,000 after purchasing an additional 54,909 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Domino’s Pizza by 9.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 402,412 shares of the restaurant operator’s stock worth $184,888,000 after purchasing an additional 33,105 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Domino’s Pizza by 12.8% during the 1st quarter. Wellington Management Group LLP now owns 350,086 shares of the restaurant operator’s stock worth $160,847,000 after purchasing an additional 39,745 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DPZ shares. Sanford C. Bernstein increased their price target on Domino’s Pizza from $460.00 to $490.00 and gave the stock a “market perform” rating in a report on Tuesday, July 22nd. Melius started coverage on Domino’s Pizza in a research report on Monday, July 14th. They set a “hold” rating and a $500.00 target price on the stock. Piper Sandler cut their target price on Domino’s Pizza from $477.00 to $443.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Barclays decreased their price target on shares of Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating for the company in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada dropped their price objective on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $489.92.

Domino’s Pizza Trading Up 1.6%

Shares of NASDAQ:DPZ opened at $422.94 on Tuesday. The stock has a market cap of $14.29 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 2.20 and a beta of 1.12. The stock’s fifty day simple moving average is $438.89 and its two-hundred day simple moving average is $457.19. Domino’s Pizza Inc has a 1-year low of $397.12 and a 1-year high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, beating the consensus estimate of $3.96 by $0.12. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $4.19 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, sell-side analysts forecast that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be issued a $1.74 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $6.96 annualized dividend and a dividend yield of 1.6%. Domino’s Pizza’s dividend payout ratio is currently 40.68%.

Insider Activity at Domino’s Pizza

In related news, Director James A. Goldman sold 1,000 shares of Domino’s Pizza stock in a transaction on Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the sale, the director directly owned 3,384 shares in the company, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.83% of the company’s stock.

About Domino’s Pizza

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.