DRW Securities LLC Buys New Shares in Domino's Pizza Inc $DPZ

Key Points

• DRW Securities LLC has acquired 601 shares of Domino's Pizza Inc, valued at approximately $276,000, as reported in its recent SEC filing.
• Institutional investors own 94.63% of Domino's stock, highlighting significant institutional interest in the company.
• Domino's Pizza will pay a quarterly dividend of $1.74 on September 30th, resulting in an annualized dividend yield of 1.5%.

DRW Securities LLC purchased a new position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 601 shares of the restaurant operator's stock, valued at approximately $276,000.

A number of other hedge funds have also modified their holdings of the stock. Night Squared LP acquired a new position in shares of Domino's Pizza in the first quarter worth $2,297,000. Junto Capital Management LP acquired a new position in shares of Domino's Pizza in the first quarter worth $20,056,000. Baird Financial Group Inc. increased its stake in shares of Domino's Pizza by 2.9% in the first quarter. Baird Financial Group Inc. now owns 12,495 shares of the restaurant operator's stock worth $5,741,000 after acquiring an additional 357 shares during the last quarter. Vident Advisory LLC increased its stake in shares of Domino's Pizza by 37.2% in the first quarter. Vident Advisory LLC now owns 774 shares of the restaurant operator's stock worth $356,000 after acquiring an additional 210 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Domino's Pizza in the first quarter worth $18,700,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino's Pizza Price Performance

NASDAQ:DPZ traded up $1.23 during trading hours on Friday, reaching $463.83. The company's stock had a trading volume of 329,250 shares, compared to its average volume of 588,679. The company has a market cap of $15.75 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 2.53 and a beta of 1.09. Domino's Pizza Inc has a one year low of $396.06 and a one year high of $500.55. The business's 50-day moving average is $459.15 and its 200-day moving average is $464.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company earned $4.03 earnings per share. The firm's revenue was up 4.3% on a year-over-year basis. On average, sell-side analysts predict that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, September 15th. Domino's Pizza's dividend payout ratio is 40.42%.

Insider Transactions at Domino's Pizza

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the sale, the director directly owned 3,384 shares in the company, valued at $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DPZ has been the topic of a number of research reports. Wells Fargo & Company upped their price target on shares of Domino's Pizza from $465.00 to $490.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 22nd. Sanford C. Bernstein upped their price target on shares of Domino's Pizza from $460.00 to $490.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 22nd. Guggenheim upped their price objective on shares of Domino's Pizza from $485.00 to $490.00 and gave the stock a "neutral" rating in a report on Wednesday, August 27th. UBS Group reiterated a "buy" rating and issued a $540.00 price objective on shares of Domino's Pizza in a report on Tuesday, July 22nd. Finally, Redburn Atlantic initiated coverage on shares of Domino's Pizza in a report on Tuesday, June 10th. They issued a "sell" rating and a $340.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Domino's Pizza presently has a consensus rating of "Moderate Buy" and a consensus target price of $490.78.

About Domino's Pizza

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.