OMERS ADMINISTRATION Corp Buys 1,144 Shares of Domino's Pizza Inc $DPZ

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Domino's Pizza by 29.7%, owning a total of 5,002 shares valued at approximately $2.3 million as of the latest SEC filing.
• Other institutional investors, including Berkshire Hathaway and GAMMA Investing LLC, have also significantly increased their positions in Domino's Pizza, highlighting strong interest from major players in the market.
• Domino's recently declared a quarterly dividend of $1.74 per share, with a payout ratio of 40.42%, reflecting a 1.5% annualized dividend yield for shareholders.

OMERS ADMINISTRATION Corp grew its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 29.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,002 shares of the restaurant operator's stock after acquiring an additional 1,144 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Domino's Pizza were worth $2,298,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Berkshire Hathaway Inc lifted its holdings in Domino's Pizza by 86.5% in the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock valued at $999,868,000 after acquiring an additional 1,104,744 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Domino's Pizza by 53,740.4% in the 1st quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock valued at $119,480,000 after acquiring an additional 259,566 shares during the last quarter. Charles Schwab Investment Management Inc. acquired a new stake in Domino's Pizza in the 1st quarter valued at about $110,348,000. Invesco Ltd. lifted its holdings in Domino's Pizza by 32.9% in the 1st quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock valued at $371,997,000 after acquiring an additional 200,622 shares during the last quarter. Finally, Bristol Gate Capital Partners Inc. purchased a new stake in shares of Domino's Pizza during the first quarter valued at $92,085,000. Institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Performance

Shares of NASDAQ DPZ traded down $5.12 during mid-day trading on Thursday, reaching $461.48. 253,991 shares of the company traded hands, compared to its average volume of 644,571. The stock has a market cap of $15.67 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 2.51 and a beta of 1.09. The company's fifty day moving average is $458.64 and its two-hundred day moving average is $464.35. Domino's Pizza Inc has a fifty-two week low of $396.06 and a fifty-two week high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued 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). The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The business's revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $4.03 EPS. Research analysts forecast that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Announces Dividend

The firm 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 dividend of $1.74 per share. The ex-dividend date is Monday, September 15th. This represents a $6.96 annualized dividend and a yield of 1.5%. Domino's Pizza's dividend payout ratio is presently 40.42%.

Insiders Place Their Bets

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of the firm'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 value of $451,490.00. Following the completion of the sale, the director owned 3,384 shares in the company, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DPZ shares. Wells Fargo & Company upped their target price on Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a report on Tuesday, July 22nd. Guggenheim upped their target price on Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a report on Wednesday, August 27th. Loop Capital upped their target price on Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Barclays upped their target price on Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a report on Monday, July 21st. Finally, Benchmark upped their target price on Domino's Pizza from $535.00 to $540.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.