Aberdeen Group plc Purchases 2,058 Shares of Domino's Pizza Inc $DPZ

Key Points

• Aberdeen Group plc increased its stake in Domino's Pizza Inc by 8.5%, acquiring an additional 2,058 shares for a total of 26,208 shares valued at approximately $11.8 million.
• Domino's Pizza reported earnings of $4.08 per share for the recent quarter, exceeding estimates and marking a 6.2% increase in revenue compared to the previous year.
• Multiple analysts have adjusted their price targets, with estimates ranging from $405.00 to $540.00, reflecting mixed sentiments, including one "Strong Buy" and thirteen "Buy" ratings overall.

Aberdeen Group plc increased its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 8.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,208 shares of the restaurant operator's stock after buying an additional 2,058 shares during the period. Aberdeen Group plc owned 0.08% of Domino's Pizza worth $11,809,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Praxis Investment Management Inc. bought a new stake in Domino's Pizza in the first quarter valued at $414,000. Sowell Financial Services LLC bought a new stake in Domino's Pizza in the first quarter valued at $282,000. Cornerstone Wealth Group LLC increased its stake in Domino's Pizza by 41.0% in the first quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator's stock valued at $9,381,000 after purchasing an additional 5,939 shares in the last quarter. Value Partners Investments Inc. increased its stake in Domino's Pizza by 317.4% in the first quarter. Value Partners Investments Inc. now owns 7,397 shares of the restaurant operator's stock valued at $3,401,000 after purchasing an additional 5,625 shares in the last quarter. Finally, Ritholtz Wealth Management increased its stake in Domino's Pizza by 2.9% in the first quarter. Ritholtz Wealth Management now owns 2,299 shares of the restaurant operator's stock valued at $1,056,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 94.63% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Jefferies Financial Group decreased their price target on shares of Domino's Pizza from $490.00 to $455.00 and set a "hold" rating for the company in a research note on Monday. Wells Fargo & Company decreased their price target on shares of Domino's Pizza from $490.00 to $450.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 8th. Barclays reduced their price objective on shares of Domino's Pizza from $425.00 to $405.00 and set an "underweight" rating for the company in a report on Wednesday, October 8th. Royal Bank Of Canada reduced their price objective on shares of Domino's Pizza from $500.00 to $450.00 and set a "sector perform" rating for the company in a report on Wednesday. Finally, Benchmark lifted their price objective on shares of Domino's Pizza from $535.00 to $540.00 and gave the company a "buy" rating in a 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $489.92.

Domino's Pizza Stock Performance

Domino's Pizza stock opened at $417.46 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 stock has a market cap of $14.17 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 2.33 and a beta of 1.12. The firm's 50-day simple moving average is $440.23 and its 200 day simple moving average is $458.09.

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

Domino's Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be given a $1.74 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $6.96 annualized dividend and a yield of 1.7%. Domino's Pizza's payout ratio is currently 40.42%.

Insider Buying and Selling

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of Domino's Pizza stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the sale, the director owned 3,384 shares of the company's stock, valued at approximately $1,527,842.16. The trade was a 22.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.83% of the company's stock.

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.

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