Legal & General Group Plc Buys New Shares in Domino’s Pizza Inc $DPZ

Legal & General Group Plc bought a new position in Domino’s Pizza Inc (NASDAQ:DPZ) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 138,344 shares of the restaurant operator’s stock, valued at approximately $40,955,000. Legal & General Group Plc owned 0.42% of Domino’s Pizza as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. SHP Wealth Management purchased a new position in Domino’s Pizza in the 4th quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings 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 worth $29,000 after acquiring an additional 34 shares during the last quarter. Johnson Financial Group Inc. increased its position in shares of Domino’s Pizza by 200.0% in the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 56 shares during the period. MBM Wealth Consultants LLC purchased a new position in shares of Domino’s Pizza in the first quarter valued at about $31,000. Finally, Rakuten Securities Inc. bought a new position in shares of Domino’s Pizza during the second quarter valued at about $28,000. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $350.00 on Friday. Domino’s Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $469.00. The stock’s 50 day simple moving average is $328.60 and its two-hundred day simple moving average is $345.64. The stock has a market cap of $11.58 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 1.60 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last announced its 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). The firm had revenue of $1.19 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $3.81 earnings per share. On average, analysts predict that Domino’s Pizza Inc will post 18.89 earnings per share for the current year.

Domino’s Pizza Announces Dividend

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

Insider Transactions at Domino’s Pizza

In related news, CEO Russell J. Weiner sold 10,850 shares of the stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $330.83, for a total value 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 $14,499,948.07. This trade represents a 19.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of Domino’s Pizza stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 24,254 shares of company stock worth $7,888,924 over the last ninety days. Insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

DPZ has been the topic of a number of research analyst reports. Evercore restated an “outperform” rating on shares of Domino’s Pizza in a report on Thursday, July 9th. UBS Group reiterated a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. BMO Capital Markets reduced their target price on Domino’s Pizza from $450.00 to $420.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Sanford C. Bernstein restated a “market perform” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Finally, Royal Bank Of Canada raised their price target on Domino’s Pizza from $325.00 to $350.00 and gave the stock a “sector perform” rating 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 given a Sell rating to the stock. According to MarketBeat.com, Domino’s Pizza has a consensus rating of “Hold” and an average target price of $397.42.

Domino’s Pizza Company 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.