Amalgamated Bank Purchases 360 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Amalgamated Bank lifted its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 3.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,534 shares of the restaurant operator’s stock after acquiring an additional 360 shares during the period. Amalgamated Bank’s holdings in Domino’s Pizza were worth $3,930,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC bought a new stake in Domino’s Pizza in the fourth quarter worth about $25,000. Creative Financial Designs Inc. ADV boosted its holdings in Domino’s Pizza by 127.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 46 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Domino’s Pizza in the 3rd quarter valued at $39,000. Jones Financial Companies Lllp bought a new position in Domino’s Pizza in the 3rd quarter valued at $49,000. Finally, Larson Financial Group LLC bought a new stake in shares of Domino’s Pizza during the third quarter worth $53,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $516.47 on Thursday. Domino’s Pizza, Inc. has a 1-year low of $285.84 and a 1-year high of $542.75. The business has a fifty day moving average price of $480.76 and a 200-day moving average price of $428.57. The stock has a market capitalization of $18.01 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 2.57 and a beta of 0.83.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share for the quarter, topping the consensus estimate of $3.46 by $0.12. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company earned $2.93 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities research analysts anticipate that Domino’s Pizza, Inc. will post 16 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 Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, June 14th. Domino’s Pizza’s dividend payout ratio is presently 39.43%.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the sale, the executive vice president now directly owns 4,103 shares in the company, valued at $1,852,586.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the sale, the executive vice president now owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $530.30, for a total value of $395,073.50. Following the sale, the executive vice president now owns 3,910 shares in the company, valued at approximately $2,073,473. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,401 shares of company stock worth $6,995,948. 0.81% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DPZ has been the topic of a number of research analyst reports. Stephens upped their price target on shares of Domino’s Pizza from $479.00 to $513.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Morgan Stanley raised their target price on shares of Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Piper Sandler boosted their price target on Domino’s Pizza from $400.00 to $435.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Royal Bank of Canada raised their price objective on Domino’s Pizza from $525.00 to $575.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. Finally, TD Cowen reiterated a “buy” rating and issued a $550.00 target price on shares of Domino’s Pizza in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $516.19.

Domino’s Pizza Profile

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.