Redwood Investment Management LLC Purchases New Shares in Domino's Pizza Inc $DPZ

Key Points

• Redwood Investment Management LLC has acquired a new stake in Domino's Pizza Inc, purchasing 2,911 shares valued at approximately $1.3 million.
• Several institutional investors, including Berkshire Hathaway Inc, have significantly increased their stakes in Domino's Pizza, highlighting strong interest in the stock.
• Analysts raised price targets for Domino's Pizza, with the consensus reaching $489.67, reflecting positive growth forecasts for the company.

Redwood Investment Management LLC acquired a new stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,911 shares of the restaurant operator's stock, valued at approximately $1,338,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. HighPoint Advisor Group LLC boosted its stake in shares of Domino's Pizza by 3.2% in the first quarter. HighPoint Advisor Group LLC now owns 672 shares of the restaurant operator's stock valued at $332,000 after purchasing an additional 21 shares during the period. AGP Franklin LLC boosted its stake in shares of Domino's Pizza by 0.4% in the first quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator's stock valued at $2,403,000 after purchasing an additional 21 shares during the period. Compound Planning Inc. lifted its stake in Domino's Pizza by 4.1% in the first quarter. Compound Planning Inc. now owns 562 shares of the restaurant operator's stock worth $258,000 after acquiring an additional 22 shares during the last quarter. Allworth Financial LP lifted its stake in Domino's Pizza by 16.0% in the first quarter. Allworth Financial LP now owns 174 shares of the restaurant operator's stock worth $85,000 after acquiring an additional 24 shares during the last quarter. Finally, Lodestone Wealth Management LLC lifted its stake in Domino's Pizza by 4.4% in the first quarter. Lodestone Wealth Management LLC now owns 587 shares of the restaurant operator's stock worth $270,000 after acquiring an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Insider Buying and Selling

In related news, Director James A. Goldman sold 1,000 shares of the company's stock in a transaction on Monday, August 18th. The shares were 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 $1,527,842.16. This represents a 22.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.83% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lifted 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 note on Tuesday, July 22nd. Barclays lifted their price target on shares of Domino's Pizza from $420.00 to $425.00 and gave the stock an "underweight" rating in a research note on Monday, July 21st. Benchmark lifted their price target on shares of Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Guggenheim lifted their price target 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. Finally, Redburn Atlantic assumed coverage on shares of Domino's Pizza in a research note on Tuesday, June 10th. They issued a "sell" rating and a $340.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $490.78.

Domino's Pizza Stock Performance

DPZ stock traded up $9.34 during midday trading on Friday, reaching $458.30. 430,487 shares of the company were exchanged, compared to its average volume of 658,496. Domino's Pizza Inc has a 1-year low of $396.06 and a 1-year high of $500.55. The stock's 50-day simple moving average is $458.21 and its 200 day simple moving average is $464.55. The company has a market cap of $15.56 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 2.51 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released 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 company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $4.03 EPS. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. On average, research analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $1.74 dividend. 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 40.42%.

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.