Dakota Wealth Management Buys 2,219 Shares of Domino’s Pizza Inc $DPZ

Dakota Wealth Management grew its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZFree Report) by 20.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,336 shares of the restaurant operator’s stock after acquiring an additional 2,219 shares during the period. Dakota Wealth Management’s holdings in Domino’s Pizza were worth $5,757,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in Domino’s Pizza in the second quarter valued at approximately $202,680,000. Sterling Capital Management LLC lifted its position in shares of Domino’s Pizza by 2,076.8% during the 2nd quarter. Sterling Capital Management LLC now owns 180,084 shares of the restaurant operator’s stock valued at $81,146,000 after buying an additional 171,811 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Domino’s Pizza by 27.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 511,206 shares of the restaurant operator’s stock worth $230,349,000 after acquiring an additional 108,794 shares during the period. Bank of Nova Scotia increased its holdings in Domino’s Pizza by 1,891.7% in the 2nd quarter. Bank of Nova Scotia now owns 71,920 shares of the restaurant operator’s stock worth $32,400,000 after acquiring an additional 68,309 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Domino’s Pizza by 25.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 330,443 shares of the restaurant operator’s stock valued at $148,898,000 after acquiring an additional 67,023 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

DPZ has been the subject of a number of research reports. Sanford C. Bernstein reiterated a “market perform” rating and set a $470.00 target price on shares of Domino’s Pizza in a research report on Tuesday. JPMorgan Chase & Co. raised Domino’s Pizza from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $460.00 to $450.00 in a report on Tuesday. TD Cowen reiterated a “hold” rating and issued a $460.00 price target on shares of Domino’s Pizza in a research report on Monday. Royal Bank Of Canada reissued a “sector perform” rating and set a $425.00 price objective on shares of Domino’s Pizza in a report on Tuesday. Finally, Mizuho raised Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $476.07.

View Our Latest Analysis on Domino’s Pizza

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $414.20 on Wednesday. Domino’s Pizza Inc has a 52-week low of $370.70 and a 52-week high of $500.55. The stock has a fifty day moving average of $406.28 and a 200 day moving average of $420.23. The firm has a market capitalization of $14.00 billion, a price-to-earnings ratio of 23.57, a P/E/G ratio of 1.89 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last released its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing the consensus estimate of $5.38 by ($0.03). The business had revenue of $1.54 billion during the quarter. Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.89 earnings per share. Equities analysts forecast that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be given a dividend of $1.99 per share. The ex-dividend date is Friday, March 13th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 annualized dividend and a yield of 1.9%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.61%.

Insider Buying and Selling

In other news, EVP Kelly E. Garcia sold 4,870 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value of $2,113,872.20. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is currently owned by corporate insiders.

Key Stories Impacting Domino’s Pizza

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

Domino’s Pizza Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Domino's Pizza (NASDAQ:DPZ)

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