Domino’s Pizza Inc $DPZ Position Increased by HORAN Wealth LLC

HORAN Wealth LLC grew its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZFree Report) by 36.5% during the first quarter, Holdings Channel reports. The firm owned 7,667 shares of the restaurant operator’s stock after acquiring an additional 2,049 shares during the quarter. HORAN Wealth LLC’s holdings in Domino’s Pizza were worth $2,751,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of DPZ. Berkshire Hathaway Inc boosted its stake in Domino’s Pizza by 12.3% in the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock valued at $1,396,347,000 after acquiring an additional 368,055 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Domino’s Pizza by 0.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock worth $837,091,000 after purchasing an additional 7,497 shares during the period. State Street Corp raised its position in shares of Domino’s Pizza by 3.8% during the 4th quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator’s stock worth $570,595,000 after purchasing an additional 49,613 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Domino’s Pizza by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator’s stock worth $432,033,000 after purchasing an additional 19,019 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Domino’s Pizza by 4.5% in the 4th quarter. Invesco Ltd. now owns 961,000 shares of the restaurant operator’s stock worth $400,564,000 after purchasing an additional 41,170 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

More Domino’s Pizza News

Here are the key news stories impacting Domino’s Pizza this week:

Analyst Ratings Changes

A number of research analysts recently commented on the company. Robert W. Baird lowered their price objective on Domino’s Pizza from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Tuesday, June 23rd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $325.00 target price on shares of Domino’s Pizza in a research note on Tuesday, June 23rd. Barclays reduced their price target on shares of Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating for the company in a report on Monday, April 27th. Rothschild & Co Redburn dropped their price objective on shares of Domino’s Pizza from $340.00 to $290.00 in a report on Monday, May 11th. Finally, The Goldman Sachs Group dropped their price objective on shares of Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average target price of $400.57.

Check Out Our Latest Report on Domino’s Pizza

Insiders Place Their Bets

In related news, EVP Kelly E. Garcia sold 487 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $297.01, for a total value of $144,643.87. Following the completion of the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,777,637.52. This represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 1,950 shares of company stock valued at $611,451 over the last three months. Corporate insiders own 0.89% of the company’s stock.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $328.97 on Tuesday. Domino’s Pizza Inc has a 12-month low of $282.00 and a 12-month high of $496.00. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.55 and a beta of 0.97. The business has a 50 day simple moving average of $309.24 and a 200 day simple moving average of $357.66.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last announced its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The business had revenue of $1.19 billion for the quarter. During the same period in the previous year, the business earned $3.81 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Domino’s Pizza Inc will post 18.88 EPS 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. Investors of record on Tuesday, September 15th will be paid a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s payout ratio is currently 45.83%.

About Domino’s Pizza

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Domino's Pizza (NASDAQ:DPZ)

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