Corient Private Wealth LP Purchases 6,813 Shares of Domino's Pizza Inc $DPZ

Key Points

• Corient Private Wealth increased its Domino’s Pizza stake by 78.8% in the second quarter, purchasing 6,813 additional shares and bringing its holdings to 15,455 shares worth approximately $4.6 million. Institutional investors and hedge funds collectively own 94.63% of DPZ.
• Analyst sentiment is mixed: 16 analysts rate the stock a Buy, 14 rate it Hold and one rates it Sell, resulting in a consensus Hold rating and an average price target of $398.06.
• Domino’s reported quarterly EPS of $4.07, below the $4.17 consensus estimate, although revenue rose 4.3% year over year to $1.19 billion. The company declared a quarterly dividend of $1.99 per share, equivalent to a 2.7% annualized yield.

Corient Private Wealth LP increased its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 78.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,455 shares of the restaurant operator's stock after acquiring an additional 6,813 shares during the period. Corient Private Wealth LP's holdings in Domino's Pizza were worth $4,575,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DPZ. HORAN Wealth LLC increased its position in Domino's Pizza by 1.0% during the 2nd quarter. HORAN Wealth LLC now owns 7,740 shares of the restaurant operator's stock worth $2,291,000 after purchasing an additional 73 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Domino's Pizza during the second quarter worth $15,886,000. VELA Investment Management LLC lifted its stake in shares of Domino's Pizza by 9.9% in the 2nd quarter. VELA Investment Management LLC now owns 1,450 shares of the restaurant operator's stock valued at $429,000 after acquiring an additional 131 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of Domino's Pizza by 55.7% during the 2nd quarter. HB Wealth Management LLC now owns 2,791 shares of the restaurant operator's stock valued at $827,000 after acquiring an additional 999 shares in the last quarter. Finally, Saudi Central Bank boosted its holdings in shares of Domino's Pizza by 1.0% during the 2nd quarter. Saudi Central Bank now owns 91,838 shares of the restaurant operator's stock valued at $29,533,000 after acquiring an additional 933 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DPZ shares. Benchmark reissued a "buy" rating on shares of Domino's Pizza in a research note on Tuesday, July 21st. Wells Fargo & Company lifted their target price on Domino's Pizza from $325.00 to $350.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. BTIG Research reiterated a "buy" rating and issued a $425.00 price target on shares of Domino's Pizza in a research report on Tuesday, July 21st. Oppenheimer decreased their price target on Domino's Pizza from $465.00 to $415.00 and set an "outperform" rating for the company in a research note on Tuesday, July 21st. Finally, Loop Capital reaffirmed a "hold" rating and issued a $353.00 price objective on shares of Domino's Pizza in a research note on Monday, August 10th. Sixteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $398.06.

Insider Activity

In other Domino's Pizza news, CEO Russell J. Weiner sold 10,850 shares of the stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the transaction, the chief executive officer owned 43,829 shares in the company, valued at approximately $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of the firm's stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,767 shares of company stock worth $7,737,107 in the last quarter. Company insiders own 0.89% of the company's stock.

Domino's Pizza Stock Performance

Shares of DPZ stock opened at $294.20 on Friday. Domino's Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $442.35. The stock has a 50 day simple moving average of $336.27 and a two-hundred day simple moving average of $338.83. The company has a market cap of $9.73 billion, a P/E ratio of 16.69, a PEG ratio of 1.35 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 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). The company had revenue of $1.19 billion for the quarter. Domino's Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm'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. On average, research analysts predict that Domino's Pizza Inc will post 18.95 earnings per share for the current year.

Domino's Pizza Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.7%. Domino's Pizza's dividend payout ratio is currently 45.15%.

Domino's Pizza Profile

Domino's Pizza, Inc is a global restaurant company that operates and franchises stores under the Domino's brand. Its core business centers on the preparation and delivery of made-to-order pizzas, with carryout and digital ordering also playing important roles in its customer service model.

The company's menu includes a variety of pizzas, crusts and toppings, along with side dishes, chicken, sandwiches, desserts and beverages. Domino's also operates a supply chain business that produces and distributes food, equipment and other products to company-owned and franchised stores, supporting consistency across its restaurant network.

Founded in 1960 in Ypsilanti, Michigan, Domino's was initially known as Dominick's before adopting its current name in 1965.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.