Domino’s Pizza Inc $DPZ Shares Purchased by Swiss National Bank

Swiss National Bank raised its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 7.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,160 shares of the restaurant operator’s stock after acquiring an additional 6,200 shares during the period. Swiss National Bank’s holdings in Domino’s Pizza were worth $33,784,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DPZ. Jump Financial LLC acquired a new stake in Domino’s Pizza in the second quarter worth about $3,183,000. Investment Management Corp of Ontario increased its stake in Domino’s Pizza by 68.3% during the 2nd 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 during the period. Sei Investments Co. increased its stake in Domino’s Pizza by 21.7% during the 2nd 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 during the period. Glenview Trust co raised its position 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 in the last quarter. Finally, HUB Investment Partners LLC raised its position 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 in the last quarter. Institutional investors own 94.63% of the company’s stock.

Insider Activity at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 487 shares of the stock in a transaction on Thursday, July 9th. The stock was 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 owned 9,352 shares in the company, valued at approximately $2,777,637.52. This represents a 4.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 1,950 shares of company stock worth $611,451. 0.89% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. TD Cowen increased their price objective on shares of Domino’s Pizza from $295.00 to $310.00 and gave the company a “hold” rating in a report on Monday. Oppenheimer dropped their target price on Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating on the stock in a report on Tuesday. Evercore restated an “outperform” rating on shares of Domino’s Pizza in a research report on Thursday, July 9th. Mizuho decreased their price target on Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating for the company in a research note on Tuesday, April 28th. Finally, DA Davidson lowered their price target on Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Eighteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given 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.

Domino’s Pizza Trading Up 1.1%

NASDAQ:DPZ opened at $323.25 on Friday. The company has a 50-day moving average of $310.18 and a 200-day moving average of $355.63. The firm has a market cap of $10.69 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 1.55 and a beta of 0.97. Domino’s Pizza Inc has a twelve month low of $282.00 and a twelve month high of $486.68.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). The business had revenue of $1.19 billion for the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. Domino’s Pizza’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.81 earnings per share. On average, research analysts forecast that Domino’s Pizza Inc will post 18.87 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $1.99 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.5%. Domino’s Pizza’s dividend payout ratio is currently 45.15%.

Key Stories Impacting Domino’s Pizza

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

• Positive Sentiment: Domino’s shares are being supported by its latest quarter, with revenue coming in above estimates and helping reinforce the view that the business is holding up better than some investors expected. Domino’s Pizza shares rise as quarterly revenue tops estimates
• Positive Sentiment: Several analysts remained constructive, including BTIG’s Buy rating and Wells Fargo’s higher price target of $350, which can help sentiment around the stock. Domino’s Pizza (NASDAQ:DPZ) Earns Buy Rating from BTIG Research Wells Fargo & Company Raises Domino’s Pizza (NASDAQ:DPZ) Price Target to $350.00
• Positive Sentiment: Coverage suggesting Domino’s may be undervalued after stronger-than-expected Q2 revenue could attract value-oriented investors. Is Domino’s Pizza (DPZ) Undervalued After Stronger Than Expected Q2 Revenue?
• Neutral Sentiment: Analyst sentiment remains broadly favorable overall, with Domino’s receiving an average “Moderate Buy” recommendation. Domino’s Pizza Inc (NASDAQ:DPZ) Receives Average Recommendation of “Moderate Buy” from Analysts
• Neutral Sentiment: There is some offsetting caution from Oppenheimer’s pessimistic forecast and BMO’s lower price target of $420, which may temper enthusiasm but do not appear to outweigh the positive revenue narrative. 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
• Negative Sentiment: Investor attention may also be slightly dampened by CEO Russell Weiner’s sale of 10,850 shares, a move some traders interpret as a mild confidence signal risk. Domino’s CEO Russell Weiner Sells 10,850 Shares for $3.6 Million — Should Investors Be Worried?

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.