Wellington Management Group LLP Purchases 39,745 Shares of Domino's Pizza Inc $DPZ

Key Points

• Wellington Management Group LLP increased its stake in Domino's Pizza by 12.8%, now holding approximately 1.02% of the company worth $160.8 million.
• Domino's stock closed at $442.86, with a market cap of $15.04 billion and a recent earnings per share (EPS) of $3.81, missing estimates by $0.12.
• The company announced a quarterly dividend of $1.74 per share, reflecting a 1.6% dividend yield and a payout ratio of 40.42%.

Wellington Management Group LLP increased its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 12.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 350,086 shares of the restaurant operator's stock after acquiring an additional 39,745 shares during the quarter. Wellington Management Group LLP owned about 1.02% of Domino's Pizza worth $160,847,000 at the end of the most recent quarter.

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

Domino's Pizza Price Performance

Shares of Domino's Pizza stock traded up $9.6240 during trading hours on Monday, hitting $460.6140. The company's stock had a trading volume of 433,774 shares, compared to its average volume of 646,916. Domino's Pizza Inc has a 12 month low of $396.06 and a 12 month high of $500.55. The stock has a 50 day moving average of $457.86 and a 200 day moving average of $465.11. The company has a market capitalization of $15.64 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company earned $4.03 earnings per share. The firm's revenue was up 4.3% compared to the same quarter last year. Equities analysts expect that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $1.74 per share. The ex-dividend date is Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.5%. Domino's Pizza's dividend payout ratio (DPR) is presently 40.42%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Loop Capital upped their price target on Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. TD Securities reiterated a "buy" rating and issued a $490.00 price objective on shares of Domino's Pizza in a report on Monday, April 28th. Guggenheim reiterated a "neutral" rating on shares of Domino's Pizza in a report on Thursday, May 15th. Sanford C. Bernstein upped their price objective on Domino's Pizza from $460.00 to $490.00 and gave the company a "market perform" rating in a report on Tuesday, July 22nd. Finally, Citigroup upped their price objective on Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Domino's Pizza presently has a consensus rating of "Moderate Buy" and an average target price of $489.67.

Insider Activity

In related news, Director James A. Goldman sold 1,000 shares of the 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 directly owned 3,384 shares in the company, valued at approximately $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 can be accessed 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.