DAVENPORT & Co LLC Purchases New Shares in Domino’s Pizza Inc $DPZ

DAVENPORT & Co LLC purchased a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 14,297 shares of the restaurant operator’s stock, valued at approximately $6,442,000.

Other large investors have also added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new stake in Domino’s Pizza during the 1st quarter valued at $25,000. LRI Investments LLC acquired a new stake in Domino’s Pizza during the 1st quarter valued at $27,000. Zions Bancorporation National Association UT acquired a new stake in Domino’s Pizza during the 1st quarter valued at $27,000. Signature Resources Capital Management LLC acquired a new stake in Domino’s Pizza during the 2nd quarter valued at $29,000. Finally, SVB Wealth LLC acquired a new stake in Domino’s Pizza during the 1st quarter valued at $36,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DPZ. Morgan Stanley raised their price target on shares of Domino’s Pizza from $510.00 to $514.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Wells Fargo & Company raised their price objective on shares of Domino’s Pizza from $465.00 to $490.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 22nd. Sanford C. Bernstein raised their price objective on shares of Domino’s Pizza from $460.00 to $490.00 and gave the stock a “market perform” rating in a report on Tuesday, July 22nd. UBS Group reissued a “buy” rating and set a $540.00 price objective on shares of Domino’s Pizza in a report on Tuesday, July 22nd. Finally, Royal Bank Of Canada lowered shares of Domino’s Pizza from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $550.00 to $500.00 in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $492.88.

Insiders Place Their Bets

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

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $411.43 on Wednesday. The firm’s 50-day moving average is $446.00 and its 200-day moving average is $460.14. Domino’s Pizza Inc has a 1 year low of $397.12 and a 1 year high of $500.55. The company has a market cap of $13.97 billion, a P/E ratio of 23.89, a PEG ratio of 2.32 and a beta of 1.12.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) 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 the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business posted $4.03 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $1.74 dividend. The ex-dividend date was Monday, September 15th. This represents a $6.96 annualized dividend and a yield of 1.7%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 40.42%.

About Domino’s Pizza

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.