Jones Financial Companies Lllp Buys 22,130 Shares of Domino's Pizza Inc $DPZ

Key Points

• Jones Financial Companies Lllp significantly boosted its stake in Domino's Pizza Inc by acquiring 22,130 shares, increasing its ownership by over 2,235% during the first quarter, with a total value of around $10.62 million.
• Domino's Pizza announced a quarterly dividend of $1.74 per share, representing a 1.5% dividend yield, to be paid on September 30th to stockholders of record on September 15th.
• In its latest earnings report, Domino's Pizza reported earnings per share of $3.81, missing analyst expectations, while year-over-year revenue grew by 4.3% to $1.15 billion.

Jones Financial Companies Lllp increased its stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 2,235.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,120 shares of the restaurant operator's stock after acquiring an additional 22,130 shares during the period. Jones Financial Companies Lllp owned about 0.07% of Domino's Pizza worth $10,622,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DPZ. Wood Tarver Financial Group LLC acquired a new stake in shares of Domino's Pizza in the 4th quarter valued at about $25,000. Alpine Bank Wealth Management bought a new position in shares of Domino's Pizza during the first quarter worth about $25,000. LRI Investments LLC bought a new position in shares of Domino's Pizza during the first quarter worth about $27,000. Zions Bancorporation National Association UT acquired a new stake in Domino's Pizza in the 1st quarter valued at approximately $27,000. Finally, SVB Wealth LLC bought a new stake in Domino's Pizza in the 1st quarter valued at approximately $36,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino's Pizza Price Performance

Shares of DPZ opened at $466.11 on Tuesday. The company has a market cap of $15.82 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 2.54 and a beta of 1.09. The firm has a 50-day moving average of $459.46 and a 200-day moving average of $464.05. Domino's Pizza Inc has a one year low of $396.06 and a one year high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business posted $4.03 earnings per share. The company's revenue for the quarter was up 4.3% on a year-over-year basis. Analysts expect that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $1.74 per share. 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 payout ratio is currently 40.42%.

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 on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the sale, the director owned 3,384 shares in the company, valued at approximately $1,527,842.16. This represents a 22.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Redburn Atlantic began coverage on shares of Domino's Pizza in a research report on Tuesday, June 10th. They issued a "sell" rating and a $340.00 target price for the company. Wells Fargo & Company boosted their price target on shares of 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. Loop Capital increased their price objective on shares of Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Finally, Barclays lifted their target price on Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. One investment 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 given a Sell rating to the stock. According to MarketBeat.com, Domino's Pizza currently has an average rating of "Moderate Buy" and a consensus price target of $490.78.

About Domino's Pizza

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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