Glenview Trust co Buys Shares of 829 Domino's Pizza Inc $DPZ

Key Points

• Glenview Trust Co has acquired 829 shares of Domino's Pizza Inc, valued at approximately $381,000, during the first quarter as per the latest SEC filing.
• Several institutional investors have increased their holdings in Domino's Pizza, resulting in approximately 94.63% of the company's stock being owned by institutional investors.
• Domino's Pizza has recently declared a $1.74 quarterly dividend, with an annualized dividend yield of 1.5% and a payout ratio of 40.42%.

Glenview Trust co purchased a new position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 829 shares of the restaurant operator's stock, valued at approximately $381,000.

A number of other large investors also recently bought and sold shares of DPZ. Captrust Financial Advisors raised its stake in shares of Domino's Pizza by 54.7% in the 4th quarter. Captrust Financial Advisors now owns 1,863 shares of the restaurant operator's stock valued at $782,000 after acquiring an additional 659 shares during the period. Lazard Asset Management LLC raised its stake in shares of Domino's Pizza by 34.8% in the 4th quarter. Lazard Asset Management LLC now owns 697 shares of the restaurant operator's stock valued at $292,000 after acquiring an additional 180 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Domino's Pizza by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,870 shares of the restaurant operator's stock valued at $1,624,000 after acquiring an additional 146 shares during the period. Nicholas Investment Partners LP raised its stake in shares of Domino's Pizza by 42.7% in the 4th quarter. Nicholas Investment Partners LP now owns 1,209 shares of the restaurant operator's stock valued at $507,000 after acquiring an additional 362 shares during the period. Finally, Nomura Holdings Inc. purchased a new position in shares of Domino's Pizza in the 4th quarter valued at $693,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Performance

Shares of Domino's Pizza stock traded up $1.47 during trading hours on Wednesday, reaching $443.89. The company's stock had a trading volume of 149,761 shares, compared to its average volume of 636,859. The company's 50 day simple moving average is $458.95 and its 200 day simple moving average is $463.14. Domino's Pizza Inc has a one year low of $397.12 and a one year high of $500.55. The stock has a market cap of $15.07 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09.

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

Domino's Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Domino's Pizza's payout ratio is presently 40.42%.

Analysts Set New Price Targets

A number of brokerages have recently commented on DPZ. Redburn Atlantic began coverage on shares of Domino's Pizza in a research note on Tuesday, June 10th. They issued a "sell" rating and a $340.00 target price on the stock. Barclays raised their target price on shares of Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a research note on Monday, July 21st. Guggenheim raised their target price on shares of Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a research note on Wednesday, August 27th. Morgan Stanley raised their price target on shares of Domino's Pizza from $510.00 to $514.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, Sanford C. Bernstein raised their price target on shares of Domino's Pizza from $460.00 to $490.00 and gave the company a "market perform" rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $490.78.

Insider Transactions at Domino's Pizza

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of the business'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 transaction, the director directly owned 3,384 shares of the company's stock, valued at $1,527,842.16. The trade was a 22.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.83% of the stock is owned by insiders.

Domino's Pizza 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.