iSAM Funds UK Ltd Acquires Shares of 1,640 Domino’s Pizza Inc $DPZ

iSAM Funds UK Ltd bought a new position in Domino’s Pizza Inc (NASDAQ:DPZ) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,640 shares of the restaurant operator’s stock, valued at approximately $486,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jump Financial LLC bought a new position in shares of Domino’s Pizza during the second quarter valued at about $3,183,000. Investment Management Corp of Ontario grew its position in Domino’s Pizza by 68.3% in the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock worth $718,000 after purchasing an additional 647 shares in the last quarter. Sei Investments Co. grew its position in Domino’s Pizza by 21.7% in the 2nd quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock worth $36,480,000 after purchasing an additional 14,452 shares in the last quarter. Glenview Trust co increased its stake in 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 buying an additional 306 shares during the last quarter. Finally, HUB Investment Partners LLC increased its stake in 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 buying an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 12,430 shares of Domino’s Pizza stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 9,352 shares in the company, valued at approximately $3,011,718.08. The trade was a 57.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Russell J. Weiner sold 10,850 shares of the business’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 sale, the chief executive officer directly owned 43,829 shares in the company, valued at $14,499,948.07. The trade was a 19.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 24,254 shares of company stock valued at $7,888,924. 0.89% of the stock is owned by insiders.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $346.68 on Thursday. The stock has a market capitalization of $11.47 billion, a P/E ratio of 19.66, a P/E/G ratio of 1.57 and a beta of 0.94. Domino’s Pizza Inc has a 52-week low of $282.00 and a 52-week high of $468.87. The stock’s 50-day simple moving average is $331.87 and its 200 day simple moving average is $344.42.

Domino’s Pizza (NASDAQ:DPZ) last issued 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 business 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 firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.81 EPS. Equities research analysts forecast that Domino’s Pizza Inc will post 18.89 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.99 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.3%. Domino’s Pizza’s dividend payout ratio (DPR) is 45.15%.

Analysts Set New Price Targets

DPZ has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. JPMorgan Chase & Co. dropped their price target on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Morgan Stanley cut their price objective on Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. Finally, BMO Capital Markets reduced their price objective on Domino’s Pizza from $450.00 to $420.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. Sixteen equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $397.74.

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.