Asset Management Group Inc. Increases Position in Domino’s Pizza Inc $DPZ

Asset Management Group Inc. grew its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 47.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,393 shares of the restaurant operator’s stock after purchasing an additional 10,373 shares during the period. Domino’s Pizza makes up about 1.9% of Asset Management Group Inc.’s holdings, making the stock its 18th largest holding. Asset Management Group Inc. owned approximately 0.10% of Domino’s Pizza worth $11,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in DPZ. Huntleigh Advisors Inc. grew its holdings in Domino’s Pizza by 5.0% in the 4th quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock valued at $221,000 after buying an additional 25 shares in the last quarter. Andina Capital Management LLC raised its holdings in shares of Domino’s Pizza by 3.1% during the 4th quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator’s stock worth $457,000 after acquiring an additional 33 shares during the period. Diversify Advisory Services LLC boosted its position in shares of Domino’s Pizza by 5.1% during the 3rd quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator’s stock valued at $275,000 after acquiring an additional 33 shares during the last quarter. Novem Group boosted its position in shares of Domino’s Pizza by 5.1% during the 4th quarter. Novem Group now owns 703 shares of the restaurant operator’s stock valued at $293,000 after acquiring an additional 34 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Domino’s Pizza by 97.1% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DPZ. Citigroup cut their price objective on shares of Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, July 7th. KeyCorp reissued a “sector weight” rating on shares of Domino’s Pizza in a research note on Tuesday. Oppenheimer cut their price target on shares of Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Benchmark reaffirmed a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday. Finally, Barclays decreased their price objective on Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating on the stock in a report on Monday, April 27th. Eighteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $402.16.

Insider Transactions at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 487 shares of the business’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $297.01, for a total value of $144,643.87. Following the sale, the executive vice president owned 9,352 shares in the company, valued at approximately $2,777,637.52. The trade was a 4.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 1,950 shares of company stock valued at $611,451 over the last 90 days. 0.89% of the stock is owned by insiders.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $332.97 on Friday. Domino’s Pizza Inc has a 1-year low of $282.00 and a 1-year high of $486.68. The firm has a market cap of $11.01 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97. The company has a 50-day moving average of $310.79 and a two-hundred day moving average of $355.47.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The company had revenue of $1.19 billion during the quarter. During the same quarter last year, the business earned $3.81 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Sell-side analysts anticipate that Domino’s Pizza Inc will post 18.89 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $1.99 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.4%. Domino’s Pizza’s payout ratio is presently 45.15%.

Key Stories Impacting Domino’s Pizza

Here are the key news stories impacting Domino’s Pizza this week:

• Positive Sentiment: Wells Fargo raised its price target on Domino’s Pizza (DPZ) to $350, signaling improved expectations for the stock. Wells Fargo & Company Raises Domino’s Pizza (NASDAQ:DPZ) Price Target to $350.00
• Positive Sentiment: BTIG Research reiterated a Buy rating on Domino’s Pizza, reinforcing a favorable analyst outlook. Domino’s Pizza (NASDAQ:DPZ) Earns Buy Rating from BTIG Research
• Positive Sentiment: Consensus analyst coverage remains supportive, with Domino’s Pizza receiving an average “Moderate Buy” recommendation. Domino’s Pizza Inc (NASDAQ:DPZ) Receives Average Recommendation of “Moderate Buy” from Analysts
• Positive Sentiment: Several articles argue Domino’s may still be undervalued or trading at an attractive earnings multiple after stronger-than-expected Q2 revenue, which can support bullish sentiment. Is Domino’s Pizza (DPZ) Undervalued After Stronger Than Expected Q2 Revenue?
• Neutral Sentiment: A piece on Domino’s trading at a premium to cash flow but a discount to earnings suggests the stock may be fairly valued rather than clearly expensive or cheap. Dominos (DPZ) Stock May Trade At A Premium To Cash Flow But A Discount To Earnings
• Neutral Sentiment: A short-interest update noted zero reported shares and no meaningful days-to-cover reading, so it does not provide a clear new directional signal for the stock.
• Negative Sentiment: Oppenheimer issued a more cautious forecast for Domino’s Pizza, and BMO Capital trimmed its price target to $420, which could temper enthusiasm. Oppenheimer Issues Pessimistic Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price BMO Capital Markets Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $420.00

Domino’s Pizza Profile

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.