Commerce Bank Makes New $2.19 Million Investment in Domino's Pizza Inc $DPZ

Key Points

• Commerce Bank purchased 7,406 Domino’s shares during the second quarter, establishing a position worth approximately $2.19 million. Institutional investors collectively own 94.63% of DPZ.
• Analyst sentiment remains mixed: 16 analysts rate the stock a Buy, 14 rate it Hold and one rates it Sell, resulting in an overall “Hold” rating and an average price target of $397.42.
• Domino’s reported quarterly EPS of $4.07, below the $4.17 consensus estimate, while revenue rose 4.3% year over year to $1.19 billion. The company also declared a quarterly dividend of $1.99 per share, equating to a 2.3% yield.

Commerce Bank bought a new position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,406 shares of the restaurant operator's stock, valued at approximately $2,192,000.

A number of other institutional investors have also modified their holdings of the stock. Berkshire Hathaway Inc raised its stake in Domino's Pizza by 12.3% during the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator's stock valued at $1,396,347,000 after buying an additional 368,055 shares in the last quarter. Soroban Capital Partners LP acquired a new position in shares of Domino's Pizza in the 1st quarter worth approximately $895,251,000. BlackRock Inc. bought a new stake in shares of Domino's Pizza in the 2nd quarter valued at approximately $715,704,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of Domino's Pizza by 0.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator's stock valued at $837,091,000 after acquiring an additional 7,497 shares during the last quarter. Finally, State Street Corp lifted its stake in Domino's Pizza by 3.8% during the fourth quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator's stock worth $570,595,000 after purchasing an additional 49,613 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Analyst Ratings Changes

DPZ has been the subject of a number of research reports. UBS Group reaffirmed a "buy" rating on shares of Domino's Pizza in a report on Tuesday, July 21st. The Goldman Sachs Group reduced their price target on shares of Domino's Pizza from $480.00 to $430.00 and set a "buy" rating on the stock in a research report on Tuesday, April 28th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Domino's Pizza in a report on Tuesday, July 21st. KeyCorp reaffirmed a "sector weight" rating on shares of Domino's Pizza in a research report on Tuesday, July 21st. Finally, TD Cowen increased their price objective on shares of Domino's Pizza from $295.00 to $310.00 and gave the stock a "hold" rating in a research note on Monday, July 20th. Sixteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Domino's Pizza presently has an average rating of "Hold" and an average target price of $397.42.

Insider Buying and Selling

In other news, CEO Russell J. Weiner sold 10,850 shares of the business's stock in a transaction that occurred on Friday, July 17th. The stock was 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 approximately $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kelly E. Garcia sold 12,430 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the transaction, the executive vice president directly owned 9,352 shares of the company's stock, valued at $3,011,718.08. This trade represents a 57.07% 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 worth $7,888,924. Corporate insiders own 0.89% of the company's stock.

Domino's Pizza Price Performance

Shares of NASDAQ DPZ opened at $349.01 on Tuesday. The firm has a market capitalization of $11.55 billion, a PE ratio of 19.80, a P/E/G ratio of 1.65 and a beta of 0.94. Domino's Pizza Inc has a 1-year low of $282.00 and a 1-year high of $469.00. The business's fifty day moving average price is $326.27 and its two-hundred day moving average price is $346.76.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). The firm had revenue of $1.19 billion for the quarter. Domino's Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The business's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the business posted $3.81 earnings per share. Equities research analysts expect that Domino's Pizza Inc will post 18.88 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The firm 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 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino's Pizza's payout ratio is 45.15%.

Domino's Pizza 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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