Tributary Capital Management LLC Buys 63 Shares of Domino’s Pizza Inc $DPZ

Tributary Capital Management LLC raised its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,716 shares of the restaurant operator’s stock after acquiring an additional 63 shares during the period. Tributary Capital Management LLC’s holdings in Domino’s Pizza were worth $773,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. D.A. Davidson & CO. grew its position in Domino’s Pizza by 32.7% in the second quarter. D.A. Davidson & CO. now owns 7,945 shares of the restaurant operator’s stock valued at $3,580,000 after acquiring an additional 1,960 shares during the period. IMG Wealth Management Inc. bought a new stake in shares of Domino’s Pizza during the second quarter worth $155,000. Lafayette Investments Inc. grew its holdings in shares of Domino’s Pizza by 2.7% during the second quarter. Lafayette Investments Inc. now owns 929 shares of the restaurant operator’s stock worth $419,000 after purchasing an additional 24 shares during the last quarter. Liberty One Investment Management LLC grew its holdings in shares of Domino’s Pizza by 2.5% during the second quarter. Liberty One Investment Management LLC now owns 10,702 shares of the restaurant operator’s stock worth $4,822,000 after purchasing an additional 266 shares during the last quarter. Finally, Mid American Wealth Advisory Group Inc. bought a new stake in shares of Domino’s Pizza during the second quarter worth $31,000. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Price Performance

DPZ opened at $424.82 on Thursday. Domino’s Pizza Inc has a fifty-two week low of $397.12 and a fifty-two week high of $500.55. The company has a market cap of $14.35 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 2.22 and a beta of 1.12. The firm has a 50 day simple moving average of $437.94 and a 200 day simple moving average of $456.71.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the business earned $4.19 earnings per share. The company’s revenue was up 6.2% compared to the same quarter last year. As a group, analysts expect that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be issued a dividend of $1.74 per share. The ex-dividend date is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.6%. Domino’s Pizza’s dividend payout ratio (DPR) is 40.68%.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the transaction, the director 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Guggenheim increased their target price on Domino’s Pizza from $485.00 to $490.00 and gave the stock a “neutral” rating in a report on Wednesday, August 27th. Melius assumed coverage on Domino’s Pizza in a report on Monday, July 14th. They set a “hold” rating and a $500.00 target price on the stock. Bank of America increased their target price on Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Piper Sandler lowered their price objective on Domino’s Pizza from $477.00 to $443.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Finally, Benchmark lifted their price objective on Domino’s Pizza from $535.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $489.92.

Domino’s Pizza Company Profile

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.