Abacus FCF Advisors LLC Takes $10.78 Million Position in Domino’s Pizza Inc $DPZ

Abacus FCF Advisors LLC bought a new position in Domino’s Pizza Inc (NASDAQ:DPZ) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 24,970 shares of the restaurant operator’s stock, valued at approximately $10,780,000. Abacus FCF Advisors LLC owned approximately 0.07% of Domino’s Pizza at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DPZ. Norges Bank bought a new position in shares of Domino’s Pizza in the second quarter valued at $202,680,000. Sterling Capital Management LLC grew its holdings in shares of Domino’s Pizza by 2,076.8% in the 2nd quarter. Sterling Capital Management LLC now owns 180,084 shares of the restaurant operator’s stock worth $81,146,000 after acquiring an additional 171,811 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Domino’s Pizza by 27.0% during the second quarter. Envestnet Asset Management Inc. now owns 511,206 shares of the restaurant operator’s stock worth $230,349,000 after purchasing an additional 108,794 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Domino’s Pizza during the second quarter valued at $34,831,000. Finally, Truist Financial Corp lifted its holdings in shares of Domino’s Pizza by 3,692.1% during the second quarter. Truist Financial Corp now owns 73,642 shares of the restaurant operator’s stock valued at $33,183,000 after purchasing an additional 71,700 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total value of $2,113,872.20. Following the completion of the transaction, the executive vice president owned 6,744 shares of the company’s stock, valued at $2,927,300.64. This represents a 41.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.83% of the stock is owned by corporate insiders.

Domino’s Pizza Stock Performance

DPZ opened at $421.25 on Tuesday. Domino’s Pizza Inc has a 52-week low of $392.89 and a 52-week high of $500.55. The stock has a 50-day moving average of $416.69 and a 200-day moving average of $437.28. The company has a market cap of $14.23 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 2.25 and a beta of 1.14.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.12. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.19 EPS. On average, research analysts predict that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 15th were given a dividend of $1.74 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.7%. Domino’s Pizza’s dividend payout ratio (DPR) is 40.68%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DPZ. Royal Bank Of Canada cut their price objective on Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 15th. Citigroup cut their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Morgan Stanley upped their price target on shares of Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Domino’s Pizza in a research report on Monday, December 22nd. Finally, Mizuho raised shares of Domino’s Pizza to a “strong-buy” rating in a research note on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $490.40.

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.