Trillium Asset Management LLC Makes New $4.23 Million Investment in Domino’s Pizza Inc $DPZ

Trillium Asset Management LLC acquired a new stake in Domino’s Pizza Inc (NASDAQ:DPZ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,295 shares of the restaurant operator’s stock, valued at approximately $4,232,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DPZ. Vise Technologies Inc. acquired a new position in shares of Domino’s Pizza during the 2nd quarter worth approximately $234,000. Aurora Investment Counsel acquired a new stake in Domino’s Pizza during the 2nd quarter valued at $2,405,000. Shepherd Financial Partners LLC acquired a new stake in Domino’s Pizza during the 2nd quarter valued at $560,000. NewEdge Wealth LLC bought a new position in Domino’s Pizza during the second quarter worth $295,000. Finally, Danske Bank A S bought a new position in Domino’s Pizza during the second quarter worth $4,341,000. 94.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DPZ has been the topic of several research reports. KeyCorp reiterated a “sector weight” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating for the company in a report on Thursday, July 9th. DA Davidson decreased 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 research note on Wednesday, April 29th. BMO Capital Markets lowered their price target on shares of Domino’s Pizza from $450.00 to $420.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Finally, The Goldman Sachs Group lowered their price target 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 equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $397.42.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 12,430 shares of Domino’s Pizza stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the sale, the executive vice president owned 9,352 shares in the company, valued at $3,011,718.08. The trade was a 57.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Russell J. Weiner sold 10,850 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 43,829 shares of the company’s stock, valued at $14,499,948.07. This represents a 19.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 24,254 shares of company stock worth $7,888,924. 0.89% of the stock is owned by insiders.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $334.37 on Friday. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 1.62 and a beta of 0.94. The stock’s fifty day moving average price is $325.26 and its two-hundred day moving average price is $347.60. Domino’s Pizza Inc has a one year low of $282.00 and a one year high of $469.00.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The firm had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $3.81 earnings per share. On average, equities analysts anticipate that Domino’s Pizza Inc will post 18.88 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.15%.

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.