Guggenheim Capital LLC Boosts Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Guggenheim Capital LLC grew its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 135.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,483 shares of the restaurant operator’s stock after acquiring an additional 4,880 shares during the period. Guggenheim Capital LLC’s holdings in Domino’s Pizza were worth $2,798,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Westpac Banking Corp lifted its position in shares of Domino’s Pizza by 1.1% during the fourth quarter. Westpac Banking Corp now owns 2,561 shares of the restaurant operator’s stock worth $887,000 after acquiring an additional 29 shares in the last quarter. Studio Investment Management LLC raised its position in shares of Domino’s Pizza by 4.9% in the fourth quarter. Studio Investment Management LLC now owns 665 shares of the restaurant operator’s stock worth $230,000 after buying an additional 31 shares in the last quarter. Mutual Advisors LLC raised its position in shares of Domino’s Pizza by 2.5% in the first quarter. Mutual Advisors LLC now owns 1,360 shares of the restaurant operator’s stock worth $449,000 after buying an additional 33 shares in the last quarter. Fiera Capital Corp raised its position in shares of Domino’s Pizza by 2.0% in the fourth quarter. Fiera Capital Corp now owns 1,757 shares of the restaurant operator’s stock worth $609,000 after buying an additional 34 shares in the last quarter. Finally, SVB Wealth LLC raised its position in shares of Domino’s Pizza by 0.4% in the fourth quarter. SVB Wealth LLC now owns 8,923 shares of the restaurant operator’s stock worth $3,091,000 after buying an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 90.58% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $440.00 price objective on shares of Domino’s Pizza in a research report on Friday, August 11th. Stephens reiterated an “equal weight” rating and issued a $365.00 price objective on shares of Domino’s Pizza in a research report on Monday, July 24th. Northcoast Research upgraded Domino’s Pizza from a “neutral” rating to a “buy” rating and set a $430.00 price objective on the stock in a research report on Thursday, July 13th. Oppenheimer increased their target price on Domino’s Pizza from $400.00 to $427.00 and gave the company an “outperform” rating in a research note on Tuesday, July 25th. Finally, Jefferies Financial Group increased their target price on Domino’s Pizza from $325.00 to $375.00 and gave the company a “hold” rating in a research note on Thursday, July 20th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $392.28.

Insider Transactions at Domino’s Pizza

In other news, EVP Cynthia A. Headen sold 382 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $400.00, for a total value of $152,800.00. Following the sale, the executive vice president now directly owns 4,333 shares of the company’s stock, valued at approximately $1,733,200. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 427 shares of company stock valued at $170,095 in the last ninety days. 0.76% of the stock is currently owned by corporate insiders.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $386.17 on Wednesday. The stock’s 50 day simple moving average is $373.39 and its two-hundred day simple moving average is $336.90. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 2.14 and a beta of 0.86. Domino’s Pizza, Inc. has a fifty-two week low of $285.84 and a fifty-two week high of $409.95.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Monday, July 24th. The restaurant operator reported $3.08 earnings per share for the quarter, beating the consensus estimate of $3.06 by $0.02. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Domino’s Pizza had a negative return on equity of 11.24% and a net margin of 10.49%. The business’s revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.82 EPS. On average, analysts predict that Domino’s Pizza, Inc. will post 13.73 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $1.21 dividend. The ex-dividend date is Thursday, September 14th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.25%. Domino’s Pizza’s dividend payout ratio is currently 36.58%.

About Domino’s Pizza

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.