Infusive Asset Management Inc. Has $2.27 Million Stake in Domino's Pizza Inc $DPZ

Key Points

• Infusive Asset Management Inc. reduced its stake in Domino's Pizza by 41.4%, selling 3,500 shares and retaining 4,944 shares valued at approximately $2.27 million.
• Domino's Pizza reported an EPS of $3.81 for the quarter, which was below analysts' estimates of $3.93, while revenue increased by 4.3% year-over-year to $1.15 billion.
• The company announced a quarterly dividend of $1.74 per share, representing a yield of 1.5%, with an ex-dividend date of September 15th.

Infusive Asset Management Inc. lessened its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 41.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,944 shares of the restaurant operator's stock after selling 3,500 shares during the period. Infusive Asset Management Inc.'s holdings in Domino's Pizza were worth $2,272,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. HighPoint Advisor Group LLC increased its stake in Domino's Pizza by 3.2% in the 1st quarter. HighPoint Advisor Group LLC now owns 672 shares of the restaurant operator's stock valued at $332,000 after purchasing an additional 21 shares in the last quarter. AGP Franklin LLC increased its stake in Domino's Pizza by 0.4% in the 1st quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator's stock valued at $2,403,000 after purchasing an additional 21 shares in the last quarter. Compound Planning Inc. increased its position in Domino's Pizza by 4.1% during the first quarter. Compound Planning Inc. now owns 562 shares of the restaurant operator's stock worth $258,000 after buying an additional 22 shares in the last quarter. Allworth Financial LP increased its position in Domino's Pizza by 16.0% during the first quarter. Allworth Financial LP now owns 174 shares of the restaurant operator's stock worth $85,000 after buying an additional 24 shares in the last quarter. Finally, Lodestone Wealth Management LLC increased its position in Domino's Pizza by 4.4% during the first quarter. Lodestone Wealth Management LLC now owns 587 shares of the restaurant operator's stock worth $270,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DPZ. Redburn Atlantic began coverage on Domino's Pizza in a research report on Tuesday, June 10th. They set a "sell" rating and a $340.00 price target for the company. Wells Fargo & Company raised their price target on Domino's Pizza from $465.00 to $490.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 22nd. Barclays raised their price target 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. UBS Group restated a "buy" rating and set a $540.00 price objective on shares of Domino's Pizza in a report on Tuesday, July 22nd. Finally, Melius started coverage on Domino's Pizza in a report on Monday, July 14th. They set a "hold" rating and a $500.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $490.78.

Insider Buying and Selling at Domino's Pizza

In related news, Director James A. Goldman sold 1,000 shares of the stock in a transaction dated Monday, August 18th. The shares were 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. This represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.83% of the company's stock.

Domino's Pizza Stock Up 0.3%

Shares of Domino's Pizza stock traded up $1.23 on Friday, hitting $463.83. 329,250 shares of the company traded hands, compared to its average volume of 581,685. The company has a 50-day moving average price of $459.15 and a 200 day moving average price of $464.02. Domino's Pizza Inc has a 12-month low of $396.06 and a 12-month high of $500.55. The company has a market cap of $15.75 billion, a PE ratio of 26.94, a PEG ratio of 2.54 and a beta of 1.09.

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

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 1.5%. The ex-dividend date is Monday, September 15th. Domino's Pizza's dividend payout ratio (DPR) is presently 40.42%.

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.