Manning & Napier Advisors LLC Invests $48.30 Million in Domino’s Pizza Inc $DPZ

Manning & Napier Advisors LLC bought a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 134,634 shares of the restaurant operator’s stock, valued at approximately $48,305,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jump Financial LLC acquired a new position in Domino’s Pizza in the 2nd quarter worth about $3,183,000. Investment Management Corp of Ontario increased its position in shares of Domino’s Pizza by 68.3% in the second quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock valued at $718,000 after buying an additional 647 shares in the last quarter. Sei Investments Co. increased its position in shares of Domino’s Pizza by 21.7% in the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock valued at $36,480,000 after buying an additional 14,452 shares in the last quarter. Glenview Trust co raised its stake in shares of Domino’s Pizza by 36.9% during the 2nd quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock worth $511,000 after buying an additional 306 shares during the period. Finally, HUB Investment Partners LLC raised its stake in shares of Domino’s Pizza by 17.3% during the 2nd quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock worth $596,000 after buying an additional 195 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 487 shares of Domino’s Pizza stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $297.01, for a total transaction of $144,643.87. Following the completion of the sale, the executive vice president directly owned 9,352 shares in the company, valued at $2,777,637.52. This trade represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 1,950 shares of company stock worth $611,451 in the last ninety days. 0.89% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Sanford C. Bernstein dropped their price target on shares of Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 28th. Loop Capital reduced their price objective on shares of Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. JPMorgan Chase & Co. decreased their price objective on shares of Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Rothschild & Co Redburn cut their target price on shares of Domino’s Pizza from $340.00 to $290.00 in a research note on Monday, May 11th. Finally, UBS Group reduced their price target on shares of Domino’s Pizza from $425.00 to $375.00 and set a “buy” rating for the company in a research report on Thursday, July 2nd. Seventeen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus target price of $405.39.

Domino’s Pizza Price Performance

Shares of NASDAQ:DPZ traded down $1.42 during midday trading on Friday, hitting $299.46. The company had a trading volume of 624,376 shares, compared to its average volume of 920,736. The business’s 50-day simple moving average is $310.32 and its 200-day simple moving average is $362.64. The stock has a market cap of $9.96 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.40 and a beta of 0.97. Domino’s Pizza Inc has a twelve month low of $282.00 and a twelve month high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company had revenue of $1.15 billion during the quarter. During the same period in the previous year, the business earned $4.33 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts forecast that Domino’s Pizza Inc will post 18.99 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $1.99 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $7.96 annualized dividend and a yield of 2.7%. Domino’s Pizza’s dividend payout ratio (DPR) is 45.83%.

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.