Loudon Investment Management LLC Takes Position in Domino's Pizza Inc $DPZ

Key Points

• Loudon Investment Management LLC has acquired a new position in Domino's Pizza, purchasing 3,949 shares valued at approximately $1.78 million during the second quarter.
• Domino's Pizza recently reported earnings of $3.81 per share, missing the consensus estimate by $0.12, with a revenue of $1.15 billion for the quarter.
• The company's recent dividend announcement revealed a quarterly payout of $1.74 per share, reflecting an annual dividend yield of 1.6%.

Loudon Investment Management LLC acquired a new position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,949 shares of the restaurant operator's stock, valued at approximately $1,779,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Domino's Pizza by 123.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,829 shares of the restaurant operator's stock worth $4,126,000 after acquiring an additional 5,422 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Domino's Pizza by 46.2% during the first quarter. Parallel Advisors LLC now owns 525 shares of the restaurant operator's stock worth $241,000 after purchasing an additional 166 shares during the last quarter. Czech National Bank boosted its holdings in Domino's Pizza by 5.9% during the first quarter. Czech National Bank now owns 7,931 shares of the restaurant operator's stock worth $3,644,000 after purchasing an additional 443 shares during the last quarter. Baker Tilly Wealth Management LLC grew its position in Domino's Pizza by 4.0% in the first quarter. Baker Tilly Wealth Management LLC now owns 804 shares of the restaurant operator's stock valued at $370,000 after purchasing an additional 31 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in Domino's Pizza in the first quarter valued at $395,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Insider Buying and Selling

In other Domino's Pizza 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 transaction, the director directly owned 3,384 shares of the company's stock, valued at $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 available through this hyperlink. Company insiders own 0.83% of the company's stock.

Domino's Pizza Trading Down 0.6%

DPZ stock opened at $431.71 on Wednesday. Domino's Pizza Inc has a 1-year low of $397.12 and a 1-year high of $500.55. The business's 50 day simple moving average is $451.28 and its 200 day simple moving average is $461.32. The firm has a market capitalization of $14.66 billion, a PE ratio of 25.07, a PEG ratio of 2.38 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly 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 business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the business earned $4.03 EPS. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, sell-side analysts predict that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $1.74 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $6.96 annualized dividend and a dividend yield of 1.6%. Domino's Pizza's payout ratio is presently 40.42%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Guggenheim increased their price objective on shares of Domino's Pizza from $485.00 to $490.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 27th. Loop Capital upped their target price on Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. UBS Group reissued a "buy" rating and set a $540.00 price target on shares of Domino's Pizza in a research report on Tuesday, July 22nd. Royal Bank Of Canada lowered Domino's Pizza from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from $550.00 to $500.00 in a research report on Tuesday, July 29th. Finally, Morgan Stanley upped their price objective on Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $490.04.

Domino's Pizza 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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