Sanctuary Advisors LLC Acquires Shares of 3,265 Domino’s Pizza Inc $DPZ

Sanctuary Advisors LLC bought a new position in Domino’s Pizza Inc (NASDAQ:DPZ) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,265 shares of the restaurant operator’s stock, valued at approximately $967,000.

Several other hedge funds have also recently made changes to their positions in the company. SHP Wealth Management bought a new position in shares of Domino’s Pizza during the 4th quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC raised its stake 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 acquiring an additional 34 shares during the period. Johnson Financial Group Inc. raised its stake in Domino’s Pizza by 200.0% in the 3rd 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 stake in Domino’s Pizza during the first quarter valued at about $31,000. Finally, Rakuten Securities Inc. purchased a new stake in Domino’s Pizza during the second quarter valued at about $28,000. 94.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on DPZ. UBS Group reiterated a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. BTIG Research restated a “buy” rating and set a $425.00 price target on shares of Domino’s Pizza in a research note on Tuesday, July 21st. TD Cowen raised their price objective on shares of Domino’s Pizza from $295.00 to $310.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Rothschild & Co Redburn reduced their price objective on shares of Domino’s Pizza from $340.00 to $290.00 in a research note on Monday, May 11th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Sixteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $397.42.

Domino’s Pizza Trading Down 3.6%

Shares of Domino’s Pizza stock opened at $332.05 on Friday. Domino’s Pizza Inc has a 12-month low of $282.00 and a 12-month high of $469.00. The company has a market cap of $10.98 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.66 and a beta of 0.94. The company’s 50-day moving average price is $327.85 and its 200-day moving average price is $345.61.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). The firm had revenue of $1.19 billion for the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.81 earnings per share. On average, sell-side analysts predict that Domino’s Pizza Inc will post 18.89 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $1.99 dividend. This represents a $7.96 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 45.15%.

Insiders Place Their Bets

In other news, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer owned 43,829 shares of the company’s stock, valued at approximately $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kelly E. Garcia sold 12,430 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the sale, the executive vice president owned 9,352 shares in the company, valued at $3,011,718.08. This trade represents a 57.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,254 shares of company stock valued at $7,888,924 over the last 90 days. Company insiders own 0.89% of the company’s stock.

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.