Corient IA LLC Purchases Shares of 1,000 Domino's Pizza Inc $DPZ

Key Points

• Corient IA LLC has acquired a new stake of 1,000 shares in Domino's Pizza, valued at approximately $459,000, during the first quarter.
• Analyst ratings for Domino's show a consensus rating of "Moderate Buy" with a target price averaging $489.67, indicating varied outlooks from analysts on the stock.
• Domino's Pizza has reported a quarterly earnings per share (EPS) of $3.81, which missed estimates, alongside a quarterly revenue of $1.15 billion, reflecting a 4.3% increase year-over-year.

Corient IA LLC acquired a new stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,000 shares of the restaurant operator's stock, valued at approximately $459,000.

Other institutional investors have also recently bought and sold shares of the company. Wood Tarver Financial Group LLC acquired a new stake in Domino's Pizza during the fourth quarter valued at $25,000. Alpine Bank Wealth Management acquired a new stake in Domino's Pizza during the first quarter valued at $25,000. LRI Investments LLC acquired a new stake in Domino's Pizza during the first quarter valued at $27,000. Zions Bancorporation National Association UT acquired a new stake in Domino's Pizza during the first quarter valued at $27,000. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Domino's Pizza in the fourth quarter worth about $53,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Insider Buying and Selling at Domino's Pizza

In related news, Director James A. Goldman sold 1,000 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.83% of the company's stock.

Domino's Pizza Price Performance

Shares of NASDAQ DPZ traded down $7.70 during trading hours on Wednesday, hitting $442.86. 843,545 shares of the company's stock were exchanged, compared to its average volume of 647,141. Domino's Pizza Inc has a 1-year low of $396.06 and a 1-year high of $500.55. The stock has a market capitalization of $15.03 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 2.44 and a beta of 1.09. The company's 50-day moving average price is $458.05 and its 200-day moving average price is $465.39.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted 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). Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm posted $4.03 EPS. Domino's Pizza's revenue for the quarter was up 4.3% on a year-over-year basis. On average, research analysts expect that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DPZ shares. Sanford C. Bernstein boosted their price target on Domino's Pizza from $460.00 to $490.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 22nd. UBS Group reaffirmed a "buy" rating and issued a $540.00 price target on shares of Domino's Pizza in a research report on Tuesday, July 22nd. Melius started coverage on Domino's Pizza in a research report on Monday, July 14th. They issued a "hold" rating and a $500.00 price target for the company. Wells Fargo & Company boosted their price target on Domino's Pizza from $465.00 to $490.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 22nd. Finally, Redburn Atlantic started coverage on Domino's Pizza in a research report on Tuesday, June 10th. They issued a "sell" rating and a $340.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $489.67.

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.