IFM Investors Pty Ltd Boosts Stake in Domino’s Pizza Inc $DPZ

IFM Investors Pty Ltd raised its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 7.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,707 shares of the restaurant operator’s stock after purchasing an additional 463 shares during the period. IFM Investors Pty Ltd’s holdings in Domino’s Pizza were worth $3,022,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wood Tarver Financial Group LLC acquired a new position in shares of Domino’s Pizza during the fourth quarter worth $25,000. Alpine Bank Wealth Management acquired a new position in shares of Domino’s Pizza in the 1st quarter valued at $25,000. LRI Investments LLC acquired a new position in shares of Domino’s Pizza in the 1st quarter valued at $27,000. Zions Bancorporation National Association UT acquired a new position in shares of Domino’s Pizza in the 1st quarter valued at $27,000. Finally, SVB Wealth LLC acquired a new position in shares of Domino’s Pizza in the 1st quarter valued at $36,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DPZ. Melius began coverage on Domino’s Pizza in a research report on Monday, July 14th. They issued a “hold” rating and a $500.00 target price on the stock. Guggenheim upped their target price on Domino’s Pizza from $485.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. Benchmark upped their target price on Domino’s Pizza from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Loop Capital increased their price target on Domino’s Pizza from $564.00 to $574.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Finally, Sanford C. Bernstein increased their price target on Domino’s Pizza from $460.00 to $490.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average target price of $490.78.

Domino’s Pizza Price Performance

DPZ opened at $424.96 on Tuesday. The company’s 50 day simple moving average is $455.97 and its two-hundred day simple moving average is $461.68. Domino’s Pizza Inc has a 1-year low of $397.12 and a 1-year high of $500.55. The firm has a market capitalization of $14.43 billion, a price-to-earnings ratio of 24.68, a price-to-earnings-growth ratio of 2.35 and a beta of 1.09.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing analysts’ consensus estimates of $3.93 by ($0.12). Domino’s Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the business earned $4.03 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is 40.42%.

Insiders Place Their Bets

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the transaction, the director directly owned 3,384 shares of the company’s stock, valued at $1,527,842.16. This trade represents a 22.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.83% of the stock is owned by company insiders.

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.