Empowered Funds LLC Buys Shares of 12,506 Domino's Pizza Inc $DPZ

Key Points

• Empowered Funds LLC initiated a Domino’s Pizza position of 12,506 shares valued at approximately $3.7 million. Institutional investors and hedge funds collectively own 94.63% of DPZ.
• Domino’s executives sold 24,254 shares worth about $7.9 million during the last quarter, significantly reducing their holdings; insiders now own 0.89% of the company.
• Analysts have a consensus “Hold” rating with an average price target of $397.42. Domino’s reported quarterly EPS of $4.07, below the $4.17 estimate, while revenue rose 4.3% year over year, and the company declared a quarterly dividend of $1.99.

Empowered Funds LLC purchased a new stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,506 shares of the restaurant operator's stock, valued at approximately $3,702,000.

Other hedge funds have also modified their holdings of the company. Andina Capital Management LLC boosted 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 valued at $457,000 after purchasing an additional 33 shares during the last quarter. Diversify Advisory Services LLC grew its stake in 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 in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in Domino's Pizza by 97.1% in the 4th 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 during the last quarter. Unified Investment Management increased its position in Domino's Pizza by 5.5% in the 4th quarter. Unified Investment Management now owns 745 shares of the restaurant operator's stock worth $311,000 after purchasing an additional 39 shares during the last quarter. Finally, Principal Securities Inc. raised its stake 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 in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Domino's Pizza

In other Domino's Pizza news, CEO Russell J. 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 in the company, valued at $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelly E. Garcia sold 12,430 shares of the firm's stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the sale, the executive vice president directly owned 9,352 shares in the company, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 24,254 shares of company stock worth $7,888,924 in the last quarter. Insiders own 0.89% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DPZ. Citigroup lowered their price target on Domino's Pizza from $365.00 to $335.00 and set a "neutral" rating for the company in a research note on Tuesday, July 7th. KeyCorp reiterated a "sector weight" rating on shares of Domino's Pizza in a research note on Tuesday, July 21st. Oppenheimer decreased their target price on shares of Domino's Pizza from $465.00 to $415.00 and set an "outperform" rating for the company in a research report on Tuesday, July 21st. Rothschild & Co Redburn dropped their price target on shares of Domino's Pizza from $340.00 to $290.00 in a research note on Monday, May 11th. Finally, Benchmark restated a "buy" rating on shares of Domino's Pizza in a report on Tuesday, July 21st. Sixteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Domino's Pizza presently has a consensus rating of "Hold" and an average target price of $397.42.

Domino's Pizza Stock Performance

DPZ opened at $340.37 on Wednesday. The business has a 50 day moving average price of $330.69 and a 200 day moving average price of $344.67. Domino's Pizza Inc has a twelve month low of $282.00 and a twelve month high of $469.00. The firm has a market cap of $11.26 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 1.65 and a beta of 0.94.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate 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 for the quarter. During the same quarter in the previous year, the business posted $3.81 EPS. The firm's revenue was up 4.3% on a year-over-year basis. As a group, analysts anticipate that Domino's Pizza Inc will post 18.89 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $1.99 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.3%. Domino's Pizza's dividend payout ratio (DPR) is presently 45.15%.

Domino's Pizza Profile

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.

Want to see what other hedge funds are holding DPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domino's Pizza Inc (NASDAQ:DPZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source