DoubleLine ETF Adviser LP Makes New Investment in Domino's Pizza Inc $DPZ

Key Points

• DoubleLine ETF Adviser LP has acquired 790 shares of Domino's Pizza Inc, totaling approximately $363,000, highlighting growing institutional interest in the company.
• Domino's recently announced a quarterly dividend of $1.74 per share, reflecting a 1.5% yield and a payout ratio of 40.42%.
• Wall Street analysts are optimistic about Domino's with multiple firms raising their price targets, with Loop Capital setting a new target of $574.00 and maintaining a "buy" rating.

DoubleLine ETF Adviser LP purchased a new stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 790 shares of the restaurant operator's stock, valued at approximately $363,000.

Other large investors have also added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new stake in Domino's Pizza in the first quarter valued at $25,000. LRI Investments LLC bought a new stake in Domino's Pizza in the first quarter valued at $27,000. Zions Bancorporation National Association UT bought a new stake in Domino's Pizza in the first quarter valued at $27,000. Wood Tarver Financial Group LLC bought a new stake in Domino's Pizza in the fourth quarter valued at $25,000. Finally, SVB Wealth LLC bought a new stake in Domino's Pizza in the first quarter valued at $36,000. Institutional investors own 94.63% of the company's stock.

Insider Activity

In other 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 value of $451,490.00. Following the completion of the transaction, the director owned 3,384 shares of the company's stock, valued at $1,527,842.16. The trade was a 22.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.83% of the stock is currently owned by corporate insiders.

Domino's Pizza Stock Performance

Shares of DPZ traded down $12.33 during trading hours on Wednesday, hitting $446.64. The company had a trading volume of 138,088 shares, compared to its average volume of 639,048. The firm has a fifty day moving average price of $459.49 and a 200-day moving average price of $464.01. The stock has a market capitalization of $15.16 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 2.55 and a beta of 1.09. Domino's Pizza Inc has a 52-week low of $396.06 and a 52-week high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted 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). The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.Domino's Pizza's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.03 EPS. Research analysts anticipate that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Domino's Pizza's payout ratio is currently 40.42%.

Analyst Upgrades and Downgrades

DPZ has been the topic of several recent analyst reports. Morgan Stanley lifted their price target on shares of Domino's Pizza from $510.00 to $514.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Benchmark raised their price objective on Domino's Pizza from $535.00 to $540.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Guggenheim raised their price objective on Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a research report on Wednesday, August 27th. Melius started coverage on Domino's Pizza in a research report on Monday, July 14th. They set a "hold" rating and a $500.00 price objective for the company. Finally, Loop Capital raised their price objective on Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Domino's Pizza has an average rating of "Moderate Buy" and a consensus target price of $490.78.

About Domino's Pizza

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.