Aurora Investment Counsel acquired a new stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,123 shares of the restaurant operator's stock, valued at approximately $2,405,000. Domino's Pizza comprises about 1.2% of Aurora Investment Counsel's holdings, making the stock its 20th largest position.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. SHP Wealth Management acquired a new position in shares of Domino's Pizza in the fourth quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Domino's Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator's stock worth $29,000 after buying an additional 34 shares during the period. Johnson Financial Group Inc. boosted its holdings in shares of Domino's Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator's stock worth $36,000 after buying an additional 56 shares during the period. MBM Wealth Consultants LLC acquired a new position in Domino's Pizza in the 1st quarter valued at about $31,000. Finally, Cornerstone Planning Group LLC grew its stake in Domino's Pizza by 450.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator's stock valued at $33,000 after buying an additional 81 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.
Domino's Pizza Stock Up 0.1%
DPZ stock opened at $336.52 on Thursday. Domino's Pizza Inc has a 52 week low of $282.00 and a 52 week high of $469.00. The business has a 50-day simple moving average of $324.82 and a 200 day simple moving average of $348.13. The company has a market cap of $11.13 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 1.62 and a beta of 0.94.
Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data 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 for the quarter. During the same quarter last year, the firm earned $3.81 EPS. The firm's quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts anticipate that Domino's Pizza Inc will post 18.88 EPS for the current fiscal year.
Domino's Pizza Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino's Pizza's dividend payout ratio is 45.15%.
Insider Buying and Selling
In related 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 approximately $3,011,718.08. This trade represents a 57.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Russell J. Weiner sold 10,850 shares of Domino's Pizza 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 completion of the transaction, the chief executive officer directly owned 43,829 shares in the company, valued at $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 24,254 shares of company stock valued at $7,888,924. 0.89% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several research firms have recently commented on DPZ. Benchmark reaffirmed a "buy" rating on shares of Domino's Pizza in a research report on Tuesday, July 21st. Evercore restated an "outperform" rating on shares of Domino's Pizza in a research note on Thursday, July 9th. Wells Fargo & Company upped their price objective on Domino's Pizza from $325.00 to $350.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Piper Sandler lowered their price objective on Domino's Pizza from $421.00 to $359.00 and set a "neutral" rating on the stock in a research report on Monday, April 27th. Finally, Stifel Nicolaus set a $400.00 target price on Domino's Pizza in a report on Monday, April 27th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Domino's Pizza currently has a consensus rating of "Moderate Buy" and an average target price of $397.42.
Get Our Latest Research Report on Domino's Pizza
Domino's Pizza Profile
(
Free Report)
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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