Schwartz Investment Counsel Inc. Buys New Stake in Domino’s Pizza Inc $DPZ

Schwartz Investment Counsel Inc. bought a new position in Domino’s Pizza Inc (NASDAQ:DPZ) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 55,000 shares of the restaurant operator’s stock, valued at approximately $19,733,000.

Other hedge funds also recently bought and sold shares of the company. Huntleigh Advisors Inc. increased its stake in shares of Domino’s Pizza by 5.0% in the fourth quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock worth $221,000 after purchasing an additional 25 shares during the period. Andina Capital Management LLC boosted its stake 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 valued at $457,000 after purchasing an additional 33 shares during the period. Diversify Advisory Services LLC grew its holdings in Domino’s Pizza by 5.1% in the 3rd quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator’s stock valued at $275,000 after buying an additional 33 shares during the last quarter. Novem Group grew its holdings in 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 buying an additional 34 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its stake 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 worth $29,000 after acquiring an additional 34 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DPZ shares. Weiss Ratings lowered shares of Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Jefferies Financial Group cut their price objective on shares of Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a research report on Tuesday, April 28th. Wells Fargo & Company reduced their target price on shares of Domino’s Pizza from $400.00 to $350.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. Morgan Stanley decreased their target price on Domino’s Pizza from $430.00 to $395.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 28th. Finally, UBS Group lowered their price target on Domino’s Pizza from $425.00 to $375.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $402.23.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total value of $152,822.08. Following the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,928,672.32. The trade was a 4.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 1,950 shares of company stock worth $611,451. 0.89% of the stock is owned by company insiders.

Domino’s Pizza Price Performance

DPZ opened at $309.85 on Tuesday. The company has a market capitalization of $10.31 billion, a P/E ratio of 17.84, a P/E/G ratio of 1.40 and a beta of 0.97. The firm’s fifty day moving average price is $309.72 and its two-hundred day moving average price is $361.37. Domino’s Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.16). The business had revenue of $1.15 billion for the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.33 EPS. On average, equities research analysts expect that Domino’s Pizza Inc will post 18.91 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $1.99 dividend. The ex-dividend date of this dividend was 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 presently 45.83%.

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.