Domino's Pizza Inc $DPZ Shares Acquired by Victory Capital Management Inc.

Key Points

• Victory Capital Management increased its stake in Domino's by 22.7% in Q3 to 49,687 shares, worth about $21.45 million (roughly 0.15% of the company).
• Domino's raised its quarterly dividend to $1.99 per share (from $1.74); the ex-dividend date is March 13 and the dividend is payable March 30, implying a $7.96 annualized payout (~1.9% yield).
• In the latest quarter Domino's reported EPS of $5.35 vs. $5.38 expected (a $0.03 miss) with revenue of $1.54 billion, up 6.4% year-over-year.

Victory Capital Management Inc. grew its position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 22.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,687 shares of the restaurant operator's stock after acquiring an additional 9,199 shares during the quarter. Victory Capital Management Inc. owned about 0.15% of Domino's Pizza worth $21,450,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Atlantic Union Bankshares Corp purchased a new position in Domino's Pizza during the 2nd quarter worth $34,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Domino's Pizza in the second quarter valued at about $42,000. Westpac Banking Corp raised its holdings in shares of Domino's Pizza by 31.2% in the second quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator's stock valued at $46,000 after buying an additional 24 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Domino's Pizza during the second quarter worth about $46,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Domino's Pizza by 64.2% during the third quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator's stock worth $48,000 after buying an additional 43 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Domino's Pizza

In related news, EVP Kelly E. Garcia sold 4,870 shares of the business's stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value of $2,113,872.20. Following the sale, the executive vice president directly owned 6,744 shares in the company, valued at $2,927,300.64. The trade was a 41.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on DPZ. Hovde Group set a $460.00 price objective on Domino's Pizza in a research report on Monday, January 5th. Evercore reaffirmed an "outperform" rating and set a $510.00 price target on shares of Domino's Pizza in a report on Tuesday, February 24th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $470.00 price objective on shares of Domino's Pizza in a research report on Tuesday, February 24th. Barclays dropped their price objective on shares of Domino's Pizza from $405.00 to $370.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 7th. Finally, Guggenheim cut their price objective on shares of Domino's Pizza from $450.00 to $440.00 and set a "neutral" rating for the company in a research report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $475.71.

Domino's Pizza Stock Performance

Shares of NASDAQ DPZ opened at $415.78 on Tuesday. Domino's Pizza Inc has a one year low of $370.70 and a one year high of $499.08. The firm has a market capitalization of $13.98 billion, a P/E ratio of 23.66, a PEG ratio of 1.76 and a beta of 1.16. The company's fifty day moving average is $402.05 and its two-hundred day moving average is $417.62.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing analysts' consensus estimates of $5.38 by ($0.03). Domino's Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.The firm had revenue of $1.54 billion during the quarter. During the same quarter in the prior year, the company posted $4.89 EPS. Domino's Pizza's revenue for the quarter was up 6.4% on a year-over-year basis. On average, sell-side analysts forecast that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be paid a dividend of $1.99 per share. This is a boost from Domino's Pizza's previous quarterly dividend of $1.74. The ex-dividend date of this dividend is Friday, March 13th. This represents a $7.96 annualized dividend and a dividend yield of 1.9%. Domino's Pizza's dividend payout ratio is presently 39.61%.

About Domino's Pizza

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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