Scientech Research LLC Increases Position in Domino's Pizza Inc $DPZ

Key Points

• Scientech Research LLC increased its holdings in Domino's Pizza by 86.7%, now owning 2,423 shares worth approximately $1,113,000 after acquiring an additional 1,125 shares.
• Several hedge funds have also raised their stakes in Domino's Pizza, with notable increases including Baird Financial Group boosting its position by 289.3% during the fourth quarter.
• The company announced a quarterly dividend of $1.74 per share, reflecting an annualized dividend yield of 1.5%, with the payout ratio standing at 40.42%.

Scientech Research LLC increased its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 86.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,423 shares of the restaurant operator's stock after purchasing an additional 1,125 shares during the quarter. Scientech Research LLC's holdings in Domino's Pizza were worth $1,113,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of DPZ. Mercer Global Advisors Inc. ADV raised its holdings in Domino's Pizza by 53.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,648 shares of the restaurant operator's stock valued at $1,112,000 after acquiring an additional 917 shares during the period. Baird Financial Group Inc. raised its holdings in Domino's Pizza by 289.3% during the fourth quarter. Baird Financial Group Inc. now owns 12,138 shares of the restaurant operator's stock valued at $5,095,000 after acquiring an additional 9,020 shares during the period. Cary Street Partners Financial LLC bought a new stake in Domino's Pizza during the fourth quarter valued at about $53,000. Captrust Financial Advisors raised its holdings in Domino's Pizza by 54.7% during the fourth quarter. Captrust Financial Advisors now owns 1,863 shares of the restaurant operator's stock valued at $782,000 after acquiring an additional 659 shares during the period. Finally, Cetera Investment Advisers raised its holdings in Domino's Pizza by 9.9% during the fourth quarter. Cetera Investment Advisers now owns 12,828 shares of the restaurant operator's stock valued at $5,385,000 after acquiring an additional 1,157 shares during the period. 94.63% of the stock is owned by institutional investors.

Insider Activity

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of the business'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 transaction of $451,490.00. Following the completion of the transaction, the director owned 3,384 shares in the company, valued at $1,527,842.16. The trade was a 22.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wells Fargo & Company raised their price target 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. Sanford C. Bernstein lifted their target price on Domino's Pizza from $460.00 to $490.00 and gave the stock a "market perform" rating in a report on Tuesday, July 22nd. Royal Bank Of Canada cut Domino's Pizza from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $550.00 to $500.00 in a report on Tuesday, July 29th. Loop Capital lifted 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. Finally, Morgan Stanley lifted their target price on Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. One 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 given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $490.78.

Domino's Pizza Stock Down 1.8%

NASDAQ DPZ traded down $8.41 during trading hours on Wednesday, hitting $450.56. 682,861 shares of the company were exchanged, compared to its average volume of 642,278. The stock has a 50-day moving average price of $459.49 and a 200 day moving average price of $464.01. Domino's Pizza Inc has a 52 week low of $396.06 and a 52 week high of $500.55. The stock has a market cap of $15.30 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 2.55 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 the consensus estimate 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 the consensus estimate of $1.14 billion. During the same period in the previous year, the firm earned $4.03 earnings per share. The company's revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, September 15th. Domino's Pizza's payout ratio is presently 40.42%.

Domino's Pizza Company 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.