SWS Partners Invests $1.43 Million in Domino's Pizza Inc $DPZ

Key Points

• SWS Partners acquired 4,821 Domino’s Pizza shares worth approximately $1.43 million in the second quarter. Institutional investors and hedge funds collectively own 94.63% of the company.
• Domino’s reported quarterly revenue of $1.19 billion, up 4.3% year over year, but earnings per share of $4.07 fell short of analysts’ $4.17 estimate. The stock opened at $346.27, with a one-year range of $282 to $469.
• The company declared a quarterly dividend of $1.99, equivalent to an annualized $7.96 payout and a 2.3% yield. Meanwhile, insiders sold 24,742 shares worth approximately $8.04 million over the past 90 days, while analysts maintain a consensus “Moderate Buy” rating with a $397.42 target price.

SWS Partners purchased a new position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,821 shares of the restaurant operator's stock, valued at approximately $1,427,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Soroban Capital Partners LP acquired a new position in Domino's Pizza during the 1st quarter worth $895,251,000. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 last quarter. Norges Bank acquired a new stake in shares of Domino's Pizza in the 4th quarter valued at about $285,116,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Domino's Pizza by 247.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator's stock valued at $189,171,000 after purchasing an additional 375,709 shares in the last quarter. Finally, Berkshire Hathaway Inc lifted its position in shares of Domino's Pizza by 12.3% during the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator's stock worth $1,396,347,000 after purchasing an additional 368,055 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Domino's Pizza

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 completion of the transaction, the executive vice president directly owned 9,352 shares of the company's stock, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Russell J. Weiner sold 10,850 shares of the stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the sale, the chief executive officer owned 43,829 shares in the company, valued at $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,742 shares of company stock valued at $8,041,746 over the last ninety days. Corporate insiders own 0.89% of the company's stock.

Domino's Pizza Stock Performance

NASDAQ DPZ opened at $346.27 on Friday. Domino's Pizza Inc has a one year low of $282.00 and a one year high of $469.00. The company has a 50-day simple moving average of $323.57 and a 200-day simple moving average of $350.12. The firm has a market capitalization of $11.46 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.69 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 analysts' consensus estimates of $4.17 by ($0.10). The business had revenue of $1.19 billion for the quarter. Domino's Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The firm's revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.81 earnings per share. Equities analysts forecast that Domino's Pizza Inc will post 18.88 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, September 15th. Domino's Pizza's payout ratio is presently 45.15%.

Wall Street Analyst Weigh In

DPZ has been the subject of a number of research reports. Weiss Ratings downgraded Domino's Pizza from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, May 29th. DA Davidson cut their price objective on Domino's Pizza from $436.00 to $423.00 and set a "buy" rating on the stock in a research note on Wednesday, April 29th. Gordon Haskett reduced their target price on Domino's Pizza from $440.00 to $380.00 and set a "buy" rating on the stock in a report on Tuesday, April 28th. BMO Capital Markets decreased their target price on Domino's Pizza from $450.00 to $420.00 and set an "outperform" rating for the company in a research report on Tuesday, July 21st. Finally, Barclays lowered their price target on Domino's Pizza from $370.00 to $315.00 and set an "underweight" rating for the company in a report on Monday, April 27th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $397.42.

About Domino's Pizza

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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