Trillium Asset Management LLC Makes New Investment in Domino's Pizza Inc $DPZ

Key Points

• Trillium Asset Management bought 14,295 Domino’s Pizza shares worth approximately $4.23 million during the second quarter. Institutional investors collectively own 94.63% of DPZ.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $397.42, despite several recent target-price reductions.
• Domino’s reported quarterly revenue of $1.19 billion, up 4.3% year over year, but earnings per share of $4.07 missed estimates. The company declared a quarterly dividend of $1.99 per share, representing a 2.4% annualized yield.

Trillium Asset Management LLC 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 14,295 shares of the restaurant operator's stock, valued at approximately $4,232,000.

Several other large investors also recently made changes to their positions in DPZ. Huntleigh Advisors Inc. lifted its position in Domino's Pizza by 5.0% in the 4th quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator's stock valued at $221,000 after acquiring an additional 25 shares in the last quarter. Andina Capital Management LLC increased its holdings in Domino's Pizza by 3.1% during the 4th quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator's stock worth $457,000 after purchasing an additional 33 shares in the last quarter. Diversify Advisory Services LLC increased its holdings in Domino's Pizza by 5.1% during the 3rd quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator's stock worth $275,000 after purchasing an additional 33 shares in the last quarter. Novem Group raised its stake in shares of Domino's Pizza by 5.1% in the 4th quarter. Novem Group now owns 703 shares of the restaurant operator's stock valued at $293,000 after purchasing an additional 34 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Domino's Pizza by 97.1% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 94.63% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DPZ shares. Gordon Haskett reduced their price objective on Domino's Pizza from $440.00 to $380.00 and set a "buy" rating for the company in a research report on Tuesday, April 28th. Oppenheimer cut their target price on Domino's Pizza from $465.00 to $415.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 21st. Rothschild & Co Redburn reduced their price target on Domino's Pizza from $340.00 to $290.00 in a research report on Monday, May 11th. Royal Bank Of Canada raised their price target on shares of Domino's Pizza from $325.00 to $350.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 21st. Finally, Stifel Nicolaus set a $400.00 price objective on shares of Domino's Pizza in a report on Monday, April 27th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $397.42.

Insider Buying and Selling

In related news, CEO Russell J. Weiner sold 10,850 shares of the business's stock in a transaction on Friday, July 17th. The shares were sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the transaction, the chief executive officer directly owned 43,829 shares in the company, valued at approximately $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of the business's stock in a transaction 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 transaction, the executive vice president owned 9,352 shares in the company, valued at approximately $3,011,718.08. The trade was a 57.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 24,254 shares of company stock worth $7,888,924. Company insiders own 0.89% of the company's stock.

Domino's Pizza Stock Performance

NASDAQ:DPZ opened at $334.37 on Friday. The stock's 50-day simple moving average is $325.26 and its 200 day simple moving average is $347.60. The company has a market cap of $11.06 billion, a P/E ratio of 18.97, a P/E/G ratio of 1.62 and a beta of 0.94. Domino's Pizza Inc has a 52-week low of $282.00 and a 52-week high of $469.00.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino's Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The company had revenue of $1.19 billion for the quarter. During the same quarter in the previous year, the firm earned $3.81 EPS. The business's quarterly revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $1.99 per share. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.4%. Domino's Pizza's dividend payout ratio is currently 45.15%.

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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