Trust Point Inc. Invests $250,000 in Domino’s Pizza Inc (NASDAQ:DPZ)

Trust Point Inc. bought a new stake in Domino’s Pizza Inc (NASDAQ:DPZ) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 544 shares of the restaurant operator’s stock, valued at approximately $250,000.

A number of other institutional investors have also added to or reduced their stakes in DPZ. Allspring Global Investments Holdings LLC raised its stake in Domino’s Pizza by 43.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 32,521 shares of the restaurant operator’s stock valued at $14,144,000 after buying an additional 9,877 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of Domino’s Pizza by 4.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 13,762 shares of the restaurant operator’s stock worth $5,912,000 after acquiring an additional 578 shares during the last quarter. Principal Securities Inc. raised its stake in Domino’s Pizza by 3.3% in the 4th quarter. Principal Securities Inc. now owns 1,076 shares of the restaurant operator’s stock valued at $452,000 after acquiring an additional 34 shares during the period. Allworth Financial LP lifted its holdings in Domino’s Pizza by 37.6% during the 4th quarter. Allworth Financial LP now owns 150 shares of the restaurant operator’s stock valued at $66,000 after purchasing an additional 41 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in Domino’s Pizza by 3.5% during the fourth quarter. CIBC Asset Management Inc now owns 5,271 shares of the restaurant operator’s stock worth $2,213,000 after purchasing an additional 178 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DPZ has been the topic of several research analyst reports. Barclays dropped their price objective on shares of Domino’s Pizza from $425.00 to $420.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley increased their price target on shares of Domino’s Pizza from $492.00 to $510.00 and gave the company an “overweight” rating in a report on Tuesday, April 29th. Redburn Atlantic initiated coverage on shares of Domino’s Pizza in a research report on Tuesday, June 10th. They set a “sell” rating and a $340.00 price objective for the company. Stephens reaffirmed an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a research report on Wednesday, April 2nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $487.17.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $458.78 on Wednesday. Domino’s Pizza Inc has a fifty-two week low of $396.06 and a fifty-two week high of $535.98. The stock has a market capitalization of $15.71 billion, a PE ratio of 26.31, a PEG ratio of 2.58 and a beta of 1.11. The business has a fifty day moving average price of $474.59 and a two-hundred day moving average price of $458.19.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.12 by $0.21. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Domino’s Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $3.58 EPS. As a group, sell-side analysts expect that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $1.74 per share. The ex-dividend date is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.52%. Domino’s Pizza’s payout ratio is presently 39.91%.

Insider Transactions at Domino’s Pizza

In related news, EVP Reddy Sandeep sold 399 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the sale, the executive vice president now owns 8,756 shares in the company, valued at $4,046,848.08. The trade was a 4.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.83% of the company’s stock.

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.