Verde Servicos Internacionais S.A. Buys New Shares in Domino's Pizza Inc $DPZ

Key Points

• Verde Servicos Internacionais S.A. has acquired 18,725 new shares of Domino's Pizza Inc, valued at approximately $8.43 million, making it the 15th largest position in their portfolio.
• Several institutional investors, including Alpine Bank Wealth Management and RMG Wealth Management, recently established new positions in Domino's Pizza, indicating strong institutional interest.
• Analysts have set varying price targets for Domino's Pizza, with Benchmark increasing their target to $540, while Citigroup lowered theirs to $480, displaying differing outlooks on the company's performance.

Verde Servicos Internacionais S.A. acquired a new position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,725 shares of the restaurant operator's stock, valued at approximately $8,437,000. Domino's Pizza makes up approximately 3.7% of Verde Servicos Internacionais S.A.'s portfolio, making the stock its 15th largest position. Verde Servicos Internacionais S.A. owned approximately 0.06% of Domino's Pizza as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alpine Bank Wealth Management acquired a new position in Domino's Pizza in the first quarter valued at approximately $25,000. RMG Wealth Management LLC bought a new stake in shares of Domino's Pizza in the 2nd quarter valued at $25,000. LRI Investments LLC acquired a new position in shares of Domino's Pizza during the 1st quarter valued at $27,000. Zions Bancorporation National Association UT bought a new position in Domino's Pizza during the first quarter worth $27,000. Finally, Signature Resources Capital Management LLC acquired a new stake in Domino's Pizza in the second quarter worth $29,000. Institutional investors own 94.63% of the company's stock.

Analysts Set New Price Targets

DPZ has been the subject of several analyst reports. Benchmark increased their target price on shares of Domino's Pizza from $535.00 to $540.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Guggenheim lifted their price objective on shares of Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a research note on Wednesday, August 27th. Citigroup decreased their target price on shares of Domino's Pizza from $500.00 to $480.00 and set a "neutral" rating on the stock in a report on Tuesday, September 30th. Royal Bank Of Canada lowered shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $550.00 to $500.00 in a report on Tuesday, July 29th. Finally, Wells Fargo & Company dropped their target price on Domino's Pizza from $490.00 to $450.00 and set an "equal weight" rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $491.32.

Insider Buying and Selling at Domino's Pizza

In related 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 directly owned 3,384 shares in the company, valued at approximately $1,527,842.16. The trade was a 22.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.83% of the stock is currently owned by insiders.

Domino's Pizza Trading Down 2.0%

DPZ opened at $405.33 on Friday. The firm's 50 day simple moving average is $443.60 and its two-hundred day simple moving average is $459.40. The company has a market capitalization of $13.76 billion, a PE ratio of 23.54, a PEG ratio of 2.26 and a beta of 1.12. Domino's Pizza Inc has a 1-year low of $397.12 and a 1-year high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing the consensus estimate of $3.93 by ($0.12). The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The company's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the company earned $4.03 earnings per share. Equities analysts forecast that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, September 15th. Domino's Pizza's payout ratio is presently 40.42%.

About Domino's Pizza

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.