Empowered Funds LLC Boosts Stake in Domino's Pizza Inc $DPZ

Key Points

• Empowered Funds LLC increased its Domino’s Pizza stake by 130.3% in the first quarter, holding 18,625 shares valued at approximately $6.68 million. Institutional investors collectively own 94.63% of DPZ.
• Domino’s reported quarterly revenue of $1.19 billion, up 4.3% year over year, but EPS of $4.07 missed analysts’ $4.17 estimate. The company declared a quarterly dividend of $1.99, equivalent to an annualized yield of about 2.3%.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $397.42, while company insiders sold 24,742 shares worth roughly $8.04 million over the past 90 days.

Empowered Funds LLC boosted its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 130.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 18,625 shares of the restaurant operator's stock after purchasing an additional 10,538 shares during the period. Empowered Funds LLC owned about 0.06% of Domino's Pizza worth $6,682,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new stake in shares of Domino's Pizza in the second quarter valued at $3,183,000. Investment Management Corp of Ontario raised its holdings in shares of Domino's Pizza by 68.3% in the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator's stock valued at $718,000 after buying an additional 647 shares during the period. Sei Investments Co. lifted its stake in Domino's Pizza by 21.7% during the 2nd quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator's stock worth $36,480,000 after acquiring an additional 14,452 shares in the last quarter. Glenview Trust co boosted its holdings in Domino's Pizza by 36.9% during the 2nd quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator's stock valued at $511,000 after acquiring an additional 306 shares during the period. Finally, HUB Investment Partners LLC boosted its holdings in Domino's Pizza by 17.3% during the 2nd quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator's stock valued at $596,000 after acquiring an additional 195 shares during the period. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Trading Down 1.3%

DPZ stock opened at $346.27 on Friday. The stock has a market cap of $11.45 billion, a P/E ratio of 19.64, a PEG ratio of 1.67 and a beta of 0.94. Domino's Pizza Inc has a twelve month low of $282.00 and a twelve month high of $469.00. The company's 50 day moving average is $323.57 and its two-hundred day moving average is $350.12.

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

Domino's Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given 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 yield of 2.3%. Domino's Pizza's payout ratio is 45.15%.

Wall Street Analyst Weigh In

DPZ has been the topic of a number of recent research reports. HSBC cut their price target on shares of Domino's Pizza from $601.00 to $544.00 and set a "buy" rating on the stock in a research note on Tuesday, April 28th. Oppenheimer decreased their target price on Domino's Pizza from $465.00 to $415.00 and set an "outperform" rating for the company in a report on Tuesday, July 21st. Benchmark reissued a "buy" rating on shares of Domino's Pizza in a research note on Tuesday, July 21st. Robert W. Baird cut their price target on Domino's Pizza from $400.00 to $350.00 and set an "outperform" rating on the stock in a report on Tuesday, June 23rd. Finally, Rothschild & Co Redburn reduced their price target on Domino's Pizza from $340.00 to $290.00 in a research report on Monday, May 11th. Seventeen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $397.42.

Insider Buying and Selling at Domino's Pizza

In other Domino's Pizza news, CEO Russell J. Weiner sold 10,850 shares of the firm's stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the transaction, the chief executive officer owned 43,829 shares of the company's stock, valued at approximately $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of the firm's stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the transaction, the executive vice president directly owned 9,352 shares in the company, valued at approximately $3,011,718.08. The trade was a 57.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 24,742 shares of company stock valued at $8,041,746 in the last 90 days. 0.89% of the stock is currently owned by insiders.

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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