United Capital Financial Advisors LLC Purchases New Shares in Domino’s Pizza Inc $DPZ

United Capital Financial Advisors LLC acquired a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 11,189 shares of the restaurant operator’s stock, valued at approximately $3,312,000.

A number of other institutional investors also recently bought and sold shares of the business. Jump Financial LLC acquired a new position in Domino’s Pizza in the 2nd quarter valued at about $3,183,000. Investment Management Corp of Ontario lifted its position in Domino’s Pizza by 68.3% during the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock worth $718,000 after acquiring an additional 647 shares during the period. Sei Investments Co. lifted its position in Domino’s Pizza by 21.7% during the 2nd quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock worth $36,480,000 after acquiring an additional 14,452 shares during the period. Glenview Trust co grew its stake in shares of Domino’s Pizza by 36.9% in the 2nd 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 grew its stake in shares of Domino’s Pizza by 17.3% in the 2nd 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 currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DPZ has been the topic of a number of recent research reports. Loop Capital reissued a “hold” rating and issued a $353.00 target price on shares of Domino’s Pizza in a report on Monday, August 10th. KeyCorp reiterated a “sector weight” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. JPMorgan Chase & Co. dropped their price objective on shares of Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 23rd. Royal Bank Of Canada upped their price objective on shares of Domino’s Pizza from $325.00 to $350.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. Finally, BTIG Research restated a “buy” rating and issued a $425.00 target price on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Sixteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $397.42.

Domino’s Pizza Trading Up 5.4%

Shares of DPZ stock opened at $350.00 on Friday. The stock has a 50 day simple moving average of $328.60 and a 200-day simple moving average of $345.64. The company has a market cap of $11.58 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 1.60 and a beta of 0.94. Domino’s Pizza Inc has a 12-month low of $282.00 and a 12-month high of $469.00.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly 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). Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The business had revenue of $1.19 billion during the quarter. During the same quarter in the previous year, the business posted $3.81 EPS. Domino’s Pizza’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities analysts forecast that Domino’s Pizza Inc will post 18.89 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s payout ratio is presently 45.15%.

Insiders Place Their Bets

In other news, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction on 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 transaction, 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. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the completion of the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at $3,011,718.08. This represents a 57.07% 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. Corporate insiders own 0.89% of the company’s stock.

Domino’s Pizza Company 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.