16,540 Shares in Domino's Pizza Inc $DPZ Purchased by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 16,540 Domino’s shares worth approximately $4.9 million, while institutional investors collectively own 94.63% of the company.
• Analyst sentiment is mixed: the consensus rating is Hold, with an average price target of $397.42. Domino’s reported quarterly revenue growth of 4.3% year over year but missed EPS expectations, earning $4.07 versus $4.17 expected.
• Domino’s declared a quarterly dividend of $1.99 per share, or $7.96 annualized, representing a 2.3% yield; meanwhile, company insiders sold approximately $7.9 million of stock over the past 90 days.

Corient Private Wealth LP acquired a new stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 16,540 shares of the restaurant operator's stock, valued at approximately $4,896,000. Corient Private Wealth LP owned approximately 0.05% of Domino's Pizza as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Berkshire Hathaway Inc raised its position in shares of Domino's Pizza by 12.3% in the 4th quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator's stock worth $1,396,347,000 after acquiring an additional 368,055 shares in the last quarter. Soroban Capital Partners LP purchased a new stake in Domino's Pizza in the first quarter worth $895,251,000. BlackRock Inc. bought a new position in Domino's Pizza in the second quarter worth $715,704,000. T. Rowe Price Investment Management Inc. lifted its position in Domino's Pizza by 0.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator's stock valued at $837,091,000 after buying an additional 7,497 shares during the period. Finally, State Street Corp boosted its holdings in shares of Domino's Pizza by 3.8% during the 4th quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator's stock valued at $570,595,000 after buying an additional 49,613 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DPZ shares. Evercore reaffirmed an "outperform" rating on shares of Domino's Pizza in a research report on Thursday, July 9th. Weiss Ratings restated a "hold (c-)" rating on shares of Domino's Pizza in a report on Wednesday, August 26th. BMO Capital Markets decreased their target price on shares of Domino's Pizza from $450.00 to $420.00 and set an "outperform" rating for the company in a research note on Tuesday, July 21st. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Domino's Pizza in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Domino's Pizza from $430.00 to $380.00 and set an "overweight" rating for the company in a report on Tuesday, June 23rd. Sixteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $397.42.

Insider Activity

In other news, EVP Kelly E. Garcia sold 12,430 shares of the stock in a transaction that occurred on 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 sale, 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 filing with the SEC, which is available through the SEC website. Also, CEO Russell J. Weiner sold 10,850 shares of the firm's stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the sale, the chief executive officer directly owned 43,829 shares of the company's stock, valued at $14,499,948.07. This trade represents a 19.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 24,254 shares of company stock valued at $7,888,924 over the last ninety days. Corporate insiders own 0.89% of the company's stock.

Domino's Pizza Price Performance

Shares of NASDAQ:DPZ opened at $342.06 on Tuesday. The business has a fifty day moving average price of $329.54 and a 200-day moving average price of $344.97. The company has a market capitalization of $11.32 billion, a PE ratio of 19.40, a PEG ratio of 1.69 and a beta of 0.94. Domino's Pizza Inc has a 1-year low of $282.00 and a 1-year high of $469.00.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) 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). Domino's Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm had revenue of $1.19 billion during the quarter. During the same quarter last year, the firm posted $3.81 EPS. Domino's Pizza's quarterly revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Domino's Pizza Inc will post 18.89 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.3%. Domino's Pizza's payout ratio is 45.15%.

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.

Want to see what other hedge funds are holding DPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domino's Pizza Inc (NASDAQ:DPZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source