Dakota Wealth Management Takes $5.01 Million Position in Domino's Pizza Inc $DPZ

Key Points

• Dakota Wealth Management has taken a $5.01 million stake in Domino's Pizza Inc, buying 11,117 shares in the second quarter.
• Domino's recently reported an EPS of $3.81 for the quarter, missing estimates, while achieving a 4.3% year-over-year revenue growth.
• The company announced a quarterly dividend of $1.74 per share, resulting in a 1.6% dividend yield, with an ex-dividend date of September 15th.

Dakota Wealth Management purchased a new stake 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 SEC. The fund purchased 11,117 shares of the restaurant operator's stock, valued at approximately $5,010,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sylvest Advisors LLC lifted its stake in Domino's Pizza by 18.1% in the second quarter. Sylvest Advisors LLC now owns 1,240 shares of the restaurant operator's stock valued at $559,000 after acquiring an additional 190 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Domino's Pizza by 108.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 22,291 shares of the restaurant operator's stock valued at $10,044,000 after purchasing an additional 11,584 shares in the last quarter. IMS Capital Management acquired a new stake in shares of Domino's Pizza in the 2nd quarter valued at $429,000. GAMMA Investing LLC boosted its holdings in Domino's Pizza by 7.2% in the second quarter. GAMMA Investing LLC now owns 607 shares of the restaurant operator's stock worth $274,000 after purchasing an additional 41 shares in the last quarter. Finally, Park Avenue Securities LLC increased its position in Domino's Pizza by 7.5% during the second quarter. Park Avenue Securities LLC now owns 964 shares of the restaurant operator's stock worth $434,000 after buying an additional 67 shares during the last quarter. Institutional investors own 94.63% of the company's stock.

Domino's Pizza Trading Down 0.6%

Shares of Domino's Pizza stock opened at $422.75 on Friday. Domino's Pizza Inc has a 1 year low of $397.12 and a 1 year high of $500.55. The company's fifty day simple moving average is $453.42 and its 200-day simple moving average is $461.05. The company has a market cap of $14.35 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 2.33 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing the consensus estimate of $3.93 by ($0.12). Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the company earned $4.03 earnings per share. Domino's Pizza's revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, research analysts forecast that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, September 15th. Domino's Pizza's dividend payout ratio (DPR) is presently 40.42%.

Analyst Upgrades and Downgrades

DPZ has been the topic of several recent research reports. Wells Fargo & Company raised their target price on Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a report on Tuesday, July 22nd. Melius started coverage on Domino's Pizza in a research note on Monday, July 14th. They issued a "hold" rating and a $500.00 price objective on the stock. Benchmark boosted their target price on Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Barclays increased their price target on Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a report on Monday, July 21st. Finally, Redburn Atlantic started coverage on shares of Domino's Pizza in a research note on Tuesday, June 10th. They issued a "sell" rating and a $340.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and two have given 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 $490.78.

Insider Buying and Selling at Domino's Pizza

In related news, Director James A. Goldman sold 1,000 shares of Domino's Pizza 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 sale, the director directly owned 3,384 shares of the company's stock, valued at $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.83% of the company's stock.

Domino's Pizza Profile

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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