Northern Trust Corp Buys 54,909 Shares of Domino's Pizza Inc $DPZ

Key Points

• Northern Trust Corp increased its stake in Domino's Pizza by 13.9%, owning approximately 1.32% of the company valued at $206.89 million at the end of the 1st quarter.
• Domino's has a consensus rating of "Moderate Buy" from analysts, with an average target price of $489.67, despite a recent earnings miss of $3.81 EPS compared to a consensus estimate of $3.93 EPS.
• The company announced a quarterly dividend of $1.74 per share, representing an annual dividend yield of 1.6%, with the ex-dividend date set for September 15th.

Northern Trust Corp boosted its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 13.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 450,302 shares of the restaurant operator's stock after purchasing an additional 54,909 shares during the period. Northern Trust Corp owned approximately 1.32% of Domino's Pizza worth $206,891,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Corient IA LLC acquired a new position in Domino's Pizza during the 1st quarter worth $459,000. Northwest & Ethical Investments L.P. lifted its position in shares of Domino's Pizza by 70.0% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 918 shares of the restaurant operator's stock worth $421,000 after buying an additional 378 shares during the last quarter. Raymond James Financial Inc. lifted its position in Domino's Pizza by 13.1% in the 1st quarter. Raymond James Financial Inc. now owns 87,823 shares of the restaurant operator's stock valued at $40,350,000 after purchasing an additional 10,179 shares during the last quarter. United Capital Management of KS Inc. lifted its position in Domino's Pizza by 2.9% in the 1st quarter. United Capital Management of KS Inc. now owns 2,269 shares of the restaurant operator's stock valued at $1,042,000 after purchasing an additional 64 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Domino's Pizza by 28.9% in the 1st quarter. American Century Companies Inc. now owns 1,107 shares of the restaurant operator's stock valued at $509,000 after purchasing an additional 248 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Domino's Pizza

In related news, Director James A. Goldman sold 1,000 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction of $451,490.00. Following the transaction, the director owned 3,384 shares of the company's stock, valued at approximately $1,527,842.16. The trade was a 22.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.83% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DPZ shares. Royal Bank Of Canada downgraded shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $550.00 to $500.00 in a research report on Tuesday, July 29th. Sanford C. Bernstein lifted their target price on shares of 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. Benchmark lifted their target price on shares of Domino's Pizza from $535.00 to $540.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Wells Fargo & Company lifted their target price on shares of 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. Finally, Melius initiated coverage on shares of Domino's Pizza in a research note on Monday, July 14th. They issued a "hold" rating and a $500.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $490.78.

Domino's Pizza Stock Performance

Shares of Domino's Pizza stock traded up $1.33 on Wednesday, reaching $452.55. The stock had a trading volume of 855,603 shares, compared to its average volume of 660,082. The business's 50-day moving average price is $457.95 and its two-hundred day moving average price is $464.88. Domino's Pizza Inc has a fifty-two week low of $396.06 and a fifty-two week high of $500.55. The stock has a market cap of $15.36 billion, a P/E ratio of 26.28, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm posted $4.03 earnings per share. Domino's Pizza's quarterly revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts forecast that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal 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 given a dividend of $1.74 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.5%. Domino's Pizza's payout ratio is 40.42%.

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.