Domino's Pizza Inc $DPZ Shares Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its Domino’s Pizza stake by 67.4% in the second quarter, selling 33,159 shares and retaining 16,030 shares valued at approximately $4.75 million. Institutional investors collectively own 94.63% of DPZ.
• Domino’s shares opened at $311.60, well below their 50-day and 200-day moving averages. The company reported quarterly EPS of $4.07, missing estimates by $0.10, while revenue rose 4.3% year over year to $1.19 billion.
• The company declared a quarterly dividend of $1.99, equivalent to an annualized $7.96 payout and a 2.6% yield. Analysts maintain a consensus “Hold” rating with an average price target of $398.06.

Engineers Gate Manager LP decreased its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 67.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,030 shares of the restaurant operator's stock after selling 33,159 shares during the period. Engineers Gate Manager LP's holdings in Domino's Pizza were worth $4,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in DPZ. Andina Capital Management LLC raised its position in Domino's Pizza by 3.1% during the fourth quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator's stock worth $457,000 after acquiring an additional 33 shares during the period. Diversify Advisory Services LLC grew its position in shares of Domino's Pizza by 5.1% in the third quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator's stock valued at $275,000 after purchasing an additional 33 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Domino's Pizza by 97.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 34 shares in the last quarter. Unified Investment Management increased its stake in shares of Domino's Pizza by 5.5% during the fourth quarter. Unified Investment Management now owns 745 shares of the restaurant operator's stock worth $311,000 after purchasing an additional 39 shares in the last quarter. Finally, Principal Securities Inc. raised its position in shares of Domino's Pizza by 4.2% during the 4th quarter. Principal Securities Inc. now owns 1,078 shares of the restaurant operator's stock worth $449,000 after purchasing an additional 43 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Domino's Pizza Trading Down 1.8%

DPZ stock opened at $311.60 on Friday. The firm has a 50-day moving average of $336.15 and a two-hundred day moving average of $342.28. Domino's Pizza Inc has a 12 month low of $282.00 and a 12 month high of $458.27. The company has a market cap of $10.31 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.44 and a beta of 0.94.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.17 by ($0.10). Domino's Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The company had revenue of $1.19 billion during the quarter. During the same period in the previous year, the business earned $3.81 EPS. Domino's Pizza's quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities analysts forecast that Domino's Pizza Inc will post 18.88 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $1.99 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.6%. Domino's Pizza's dividend payout ratio (DPR) is 45.15%.

Analysts Set New Price Targets

DPZ has been the topic of a number of research reports. Morgan Stanley decreased their price target on shares of Domino's Pizza from $395.00 to $370.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 15th. TD Cowen boosted their price objective on Domino's Pizza from $310.00 to $320.00 and gave the stock a "hold" rating in a research note on Thursday. Royal Bank Of Canada raised their target price on Domino's Pizza from $325.00 to $350.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 21st. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Domino's Pizza in a research note on Wednesday, August 26th. Finally, Benchmark reiterated a "buy" rating on shares of Domino's Pizza in a research report on Tuesday, July 21st. Sixteen investment 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 MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $398.06.

Insider Buying and Selling at Domino's Pizza

In other news, EVP Kelly Garcia sold 12,430 shares of Domino's Pizza stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the transaction, the executive vice president owned 9,352 shares in the company, valued at $3,011,718.08. The trade was a 57.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Russell Weiner sold 10,850 shares of the company's stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the completion of the sale, the chief executive officer directly owned 43,829 shares of the company's stock, valued at $14,499,948.07. This represents a 19.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 23,767 shares of company stock worth $7,737,107. Insiders own 0.89% of the company's stock.

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.

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