First Nebraska Trust Co Buys New Holdings in Domino's Pizza Inc $DPZ

Key Points

• First Nebraska Trust Co. acquired 30,390 Domino’s shares worth approximately $9.0 million, joining institutional investors that 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, representing a 2.3% annualized yield.
• Analysts maintained a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $397.42, despite several firms recently lowering their targets. Shares opened at $341.85, up 2.2%.

First Nebraska Trust Co acquired a new stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 30,390 shares of the restaurant operator's stock, valued at approximately $8,997,000. First Nebraska Trust Co owned about 0.09% of Domino's Pizza at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DPZ. Teacher Retirement System of Texas raised its stake in shares of Domino's Pizza by 55.7% in the fourth quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator's stock worth $18,845,000 after purchasing an additional 16,179 shares during the last quarter. Amica Mutual Insurance Co. boosted its position in shares of Domino's Pizza by 59.8% during the fourth quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator's stock valued at $6,909,000 after buying an additional 6,203 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Domino's Pizza by 10.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator's stock valued at $28,544,000 after buying an additional 6,223 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Domino's Pizza by 21,977.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator's stock worth $381,254,000 after buying an additional 910,529 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Domino's Pizza by 18.0% during the fourth quarter. Fisher Asset Management LLC now owns 34,632 shares of the restaurant operator's stock worth $14,436,000 after buying an additional 5,282 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

Domino's Pizza Trading Up 2.2%

Shares of Domino's Pizza stock opened at $341.85 on Friday. The business's fifty day simple moving average is $325.62 and its 200 day simple moving average is $347.56. The firm has a market capitalization of $11.31 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 1.65 and a beta of 0.94. Domino's Pizza Inc has a 12 month low of $282.00 and a 12 month high of $469.00.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data 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). The business 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%. Domino's Pizza's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.81 EPS. Analysts predict that Domino's Pizza Inc will post 18.88 EPS for the current fiscal 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 issued a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino's Pizza's payout ratio is 45.15%.

Analyst Ratings Changes

Several equities analysts have weighed in on DPZ shares. BMO Capital Markets dropped their price objective on Domino's Pizza from $450.00 to $420.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 21st. Robert W. Baird reduced their target price on shares of Domino's Pizza from $400.00 to $350.00 and set an "outperform" rating for the company in a research note on Tuesday, June 23rd. Oppenheimer lowered 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 report on Tuesday, July 21st. Mizuho dropped their price target on shares of Domino's Pizza from $470.00 to $420.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 28th. Finally, Evercore reissued an "outperform" rating on shares of Domino's Pizza in a research report on Thursday, July 9th. Seventeen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $397.42.

Insider Transactions at Domino's Pizza

In related news, CEO Russell J. Weiner sold 10,850 shares of the 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 transaction, the chief executive officer owned 43,829 shares in the company, valued at approximately $14,499,948.07. This represents a 19.84% 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 link. 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 transaction of $4,002,957.20. Following the sale, the executive vice president owned 9,352 shares of the company's stock, valued at $3,011,718.08. This trade represents a 57.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 24,254 shares of company stock worth $7,888,924 over the last three months. 0.89% of the stock is owned by insiders.

Domino's Pizza Company 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.

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