Park State Asset Management Makes New $2.75 Million Investment in Domino's Pizza Inc $DPZ

Park State Asset Management purchased a new stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,297 shares of the restaurant operator's stock, valued at approximately $2,752,000. Domino's Pizza makes up about 2.7% of Park State Asset Management's holdings, making the stock its 14th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Soroban Capital Partners LP acquired a new stake in shares of Domino's Pizza during the first quarter worth $895,251,000. BlackRock Inc. acquired a new position in Domino's Pizza in the 2nd quarter worth $715,704,000. Northwestern Mutual Wealth Management Co. boosted its stake in Domino's Pizza by 21,977.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator's stock worth $381,254,000 after purchasing an additional 910,529 shares during the period. Norges Bank bought a new position in Domino's Pizza during the 4th quarter worth about $285,116,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Domino's Pizza by 247.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator's stock worth $189,171,000 after purchasing an additional 375,709 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Domino's Pizza Price Performance

Shares of NASDAQ:DPZ opened at $336.25 on Wednesday. The company's 50-day moving average price is $324.38 and its two-hundred day moving average price is $348.63. Domino's Pizza Inc has a one year low of $282.00 and a one year high of $469.00. The stock has a market capitalization of $11.12 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.67 and a beta of 0.94.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.10). The company had revenue of $1.19 billion during the quarter. Domino's Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. Domino's Pizza's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $3.81 EPS. On average, analysts anticipate that Domino's Pizza Inc will post 18.88 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $1.99 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.4%. Domino's Pizza's dividend payout ratio is 45.15%.

Insider Buying and Selling

In other news, EVP Kelly E. Garcia sold 12,430 shares of the company's stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the sale, the executive vice president owned 9,352 shares in the company, valued at $3,011,718.08. This represents a 57.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Russell J. Weiner sold 10,850 shares of the stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the sale, the chief executive officer directly owned 43,829 shares of the company's stock, valued at approximately $14,499,948.07. The trade was a 19.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 24,742 shares of company stock valued at $8,041,746. Corporate insiders own 0.89% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DPZ shares. Barclays cut their price target on Domino's Pizza from $370.00 to $315.00 and set an "underweight" rating on the stock in a report on Monday, April 27th. Royal Bank Of Canada increased their price objective on Domino's Pizza from $325.00 to $350.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 21st. Stifel Nicolaus set a $400.00 target price on Domino's Pizza in a research report on Monday, April 27th. UBS Group reaffirmed a "buy" rating on shares of Domino's Pizza in a research report on Tuesday, July 21st. Finally, Oppenheimer decreased their price target on shares of Domino's Pizza from $465.00 to $415.00 and set an "outperform" rating for the company in a research note on Tuesday, July 21st. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Domino's Pizza has a consensus rating of "Moderate Buy" and an average target price of $397.42.

Domino's Pizza Company Profile

Domino’s Pizza, Inc NASDAQ: DPZ is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.

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