Intech Investment Management LLC Increases Position in Domino’s Pizza Inc $DPZ

Intech Investment Management LLC raised its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 238.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,444 shares of the restaurant operator’s stock after purchasing an additional 5,244 shares during the quarter. Intech Investment Management LLC’s holdings in Domino’s Pizza were worth $3,103,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DPZ. Jump Financial LLC purchased a new stake in Domino’s Pizza in the second quarter valued at $3,183,000. Investment Management Corp of Ontario boosted its holdings in Domino’s Pizza by 68.3% in the second quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock valued at $718,000 after purchasing an additional 647 shares during the last quarter. Sei Investments Co. boosted its holdings in Domino’s Pizza by 21.7% in the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock valued at $36,480,000 after purchasing an additional 14,452 shares during the last quarter. Glenview Trust co boosted its holdings in Domino’s Pizza by 36.9% in the second quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock valued at $511,000 after purchasing an additional 306 shares during the last quarter. Finally, HUB Investment Partners LLC boosted its holdings in Domino’s Pizza by 17.3% in the second quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock valued at $596,000 after purchasing an additional 195 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $313.16, for a total value of $152,822.08. Following the completion of the transaction, the executive vice president owned 9,352 shares in the company, valued at approximately $2,928,672.32. This represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.89% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $307.53 on Wednesday. The firm has a 50-day simple moving average of $343.63 and a two-hundred day simple moving average of $385.20. The company has a market cap of $10.23 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 1.45 and a beta of 0.97. Domino’s Pizza Inc has a fifty-two week low of $297.48 and a fifty-two week high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The firm had revenue of $1.15 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $4.33 EPS. Equities research analysts forecast that Domino’s Pizza Inc will post 19.14 EPS for the current year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $1.99 dividend. The ex-dividend date is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.6%. Domino’s Pizza’s dividend payout ratio is 45.83%.

Analyst Ratings Changes

DPZ has been the topic of several recent research reports. DA Davidson lowered their price target on shares of Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Northcoast Research lowered their price target on shares of Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Guggenheim lowered their price target on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Royal Bank Of Canada lowered their price target on shares of Domino’s Pizza from $400.00 to $350.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 28th. Finally, William Blair set a $540.00 price target on shares of Domino’s Pizza in a report on Monday, February 23rd. Seventeen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $418.13.

Domino’s Pizza 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.