IMS Capital Management Takes $429,000 Position in Domino's Pizza Inc $DPZ

Key Points

• IMS Capital Management acquired a new position in Domino's Pizza Inc, purchasing 953 shares valued at approximately $429,000.
• Analyst ratings for Domino's Pizza are mixed, with a consensus target price of $490.78 and various ratings ranging from "Strong Buy" to "Sell".
• The company recently announced a quarterly dividend of $1.74 per share, reflecting an annual dividend yield of 1.6%.

IMS Capital Management bought a new stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 953 shares of the restaurant operator's stock, valued at approximately $429,000.

Several other hedge funds have also made changes to their positions in DPZ. Wood Tarver Financial Group LLC acquired a new position in shares of Domino's Pizza in the fourth quarter valued at approximately $25,000. Alpine Bank Wealth Management acquired a new stake in Domino's Pizza during the 1st quarter worth approximately $25,000. LRI Investments LLC purchased a new position in Domino's Pizza in the 1st quarter valued at approximately $27,000. Zions Bancorporation National Association UT acquired a new position in shares of Domino's Pizza in the first quarter worth $27,000. Finally, SVB Wealth LLC acquired a new position in shares of Domino's Pizza in the first quarter worth $36,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DPZ shares. Sanford C. Bernstein increased their price objective on Domino's Pizza from $460.00 to $490.00 and gave the company a "market perform" rating in a research note on Tuesday, July 22nd. Guggenheim upped their price target on Domino's Pizza from $485.00 to $490.00 and gave the stock a "neutral" rating in a report on Wednesday, August 27th. Wells Fargo & Company lifted their price objective on Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 22nd. Barclays boosted their price objective on Domino's Pizza from $420.00 to $425.00 and gave the stock an "underweight" rating in a research report on Monday, July 21st. Finally, Redburn Atlantic initiated coverage on shares of Domino's Pizza in a research note on Tuesday, June 10th. They set a "sell" rating and a $340.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Domino's Pizza presently has an average rating of "Moderate Buy" and a consensus target price of $490.78.

Domino's Pizza Price Performance

Shares of NASDAQ:DPZ opened at $423.89 on Wednesday. Domino's Pizza Inc has a 1-year low of $397.12 and a 1-year high of $500.55. The stock has a market cap of $14.39 billion, a P/E ratio of 24.62, a P/E/G ratio of 2.33 and a beta of 1.09. The firm has a fifty day moving average price of $455.14 and a 200 day moving average price of $461.42.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm posted $4.03 earnings per share. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. Sell-side analysts expect that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Announces Dividend

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

Insider Activity

In other news, Director James A. Goldman sold 1,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the sale, the director owned 3,384 shares in the company, valued at $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.83% of the company's stock.

Domino's Pizza Company Profile

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.

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