Vident Advisory LLC Buys 210 Shares of Domino’s Pizza Inc $DPZ

Vident Advisory LLC lifted its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 37.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 774 shares of the restaurant operator’s stock after purchasing an additional 210 shares during the period. Vident Advisory LLC’s holdings in Domino’s Pizza were worth $356,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in shares of Domino’s Pizza by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator’s stock worth $799,897,000 after purchasing an additional 53,124 shares in the last quarter. Invesco Ltd. raised its stake in shares of Domino’s Pizza by 32.9% during the 1st quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator’s stock worth $371,997,000 after purchasing an additional 200,622 shares in the last quarter. Northern Trust Corp raised its stake in shares of Domino’s Pizza by 13.9% during the 1st quarter. Northern Trust Corp now owns 450,302 shares of the restaurant operator’s stock worth $206,891,000 after purchasing an additional 54,909 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Domino’s Pizza by 1.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 410,467 shares of the restaurant operator’s stock worth $172,298,000 after purchasing an additional 5,762 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Domino’s Pizza by 9.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 402,412 shares of the restaurant operator’s stock worth $184,888,000 after purchasing an additional 33,105 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DPZ shares. UBS Group restated a “buy” rating and issued a $540.00 price target on shares of Domino’s Pizza in a research note on Tuesday, July 22nd. Wells Fargo & Company increased their price target on Domino’s Pizza from $465.00 to $490.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 22nd. Benchmark increased their price target on Domino’s Pizza from $535.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Redburn Atlantic started coverage on Domino’s Pizza in a research note on Tuesday, June 10th. They issued a “sell” rating and a $340.00 price target on the stock. Finally, Loop Capital increased their price target on Domino’s Pizza from $564.00 to $574.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $490.78.

Insider Activity

In other news, Director James A. Goldman sold 1,000 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the sale, the director directly owned 3,384 shares of the company’s stock, valued at approximately $1,527,842.16. This represents a 22.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.83% of the company’s stock.

Domino’s Pizza Price Performance

DPZ stock opened at $466.11 on Tuesday. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 2.54 and a beta of 1.09. The business’s fifty day moving average price is $459.46 and its two-hundred day moving average price is $464.05. Domino’s Pizza Inc has a fifty-two week low of $396.06 and a fifty-two week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing the consensus estimate of $3.93 by ($0.12). The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Domino’s Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.03 EPS. Research analysts expect that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, September 15th. Domino’s Pizza’s dividend payout ratio is 40.42%.

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.