2,417,593 Shares in Domino's Pizza Inc $DPZ Purchased by BlackRock Inc.

Key Points

• BlackRock acquired 2.42 million Domino’s Pizza shares worth approximately $715.7 million, giving it a 7.31% stake. Institutional investors collectively own 94.63% of DPZ.
• Analysts remain moderately bullish, with 17 Buy, 13 Hold and one Sell rating; the consensus price target is $397.42, despite several firms recently lowering their targets.
• Domino’s reported quarterly EPS of $4.07, below the $4.17 consensus, while revenue rose 4.3% year over year to $1.19 billion. The company also announced a $1.99 quarterly dividend, equivalent to a 2.3% annualized yield.

BlackRock Inc. purchased a new stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,417,593 shares of the restaurant operator's stock, valued at approximately $715,704,000. BlackRock Inc. owned about 7.31% of Domino's Pizza as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Pallas Capital Advisors LLC bought a new position in shares of Domino's Pizza during the 2nd quarter worth approximately $775,000. Deutsche Bank AG acquired a new position in shares of Domino's Pizza in the second quarter valued at $58,771,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Domino's Pizza in the second quarter valued at $2,569,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Domino's Pizza in the second quarter valued at about $21,688,000. Finally, OneDigital Investment Advisors LLC bought a new position in shares of Domino's Pizza in the second quarter valued at about $396,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Analysts Set New Price Targets

DPZ has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Domino's Pizza from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, May 29th. Jefferies Financial Group lowered their price target on shares of Domino's Pizza from $400.00 to $350.00 and set a "hold" rating on the stock in a report on Tuesday, April 28th. Piper Sandler cut their price objective on shares of Domino's Pizza from $421.00 to $359.00 and set a "neutral" rating for the company in a research report on Monday, April 27th. Rothschild & Co Redburn reduced their price objective on Domino's Pizza from $340.00 to $290.00 in a report on Monday, May 11th. Finally, Morgan Stanley decreased their target price on Domino's Pizza from $395.00 to $370.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 15th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $397.42.

Domino's Pizza Price Performance

Shares of NASDAQ:DPZ opened at $341.85 on Friday. Domino's Pizza Inc has a 1 year low of $282.00 and a 1 year high of $469.00. The stock has a market capitalization of $11.31 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.65 and a beta of 0.94. The company's 50 day simple moving average is $325.62 and its 200 day simple moving average is $347.56.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its 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). The business had revenue of $1.19 billion during the quarter. Domino's Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The firm's revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.81 EPS. As a group, analysts anticipate that Domino's Pizza Inc will post 18.88 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

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

Insider Buying and Selling at Domino's Pizza

In other news, CEO Russell J. Weiner sold 10,850 shares of the stock in a transaction on Friday, July 17th. The stock was 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 approximately $14,499,948.07. This represents a 19.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of the firm's stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the sale, the executive vice president directly owned 9,352 shares in the company, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 24,254 shares of company stock valued at $7,888,924 over the last quarter. 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.

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