Park State Asset Management Invests $2.75 Million in Domino’s Pizza Inc $DPZ

Park State Asset Management bought a new stake in Domino’s Pizza Inc (NASDAQ:DPZ) during the second quarter, HoldingsChannel.com reports. The fund bought 9,297 shares of the restaurant operator’s stock, valued at approximately $2,752,000. Domino’s Pizza accounts for 2.7% of Park State Asset Management’s holdings, making the stock its 14th biggest holding.

Several other hedge funds have also bought and sold shares of DPZ. SHP Wealth Management bought a new position in Domino’s Pizza during the fourth quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in Domino’s Pizza by 97.1% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 34 shares during the period. Investors Research Corp lifted its position in shares of Domino’s Pizza by 9,900.0% in the second quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 99 shares during the last quarter. MBM Wealth Consultants LLC acquired a new stake in shares of Domino’s Pizza in the first quarter valued at approximately $31,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Domino’s Pizza by 450.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock worth $33,000 after acquiring an additional 81 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 12,430 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the transaction, the executive vice president directly owned 9,352 shares in the company, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the completion of the transaction, the chief executive officer owned 43,829 shares in the company, valued at $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,742 shares of company stock worth $8,041,746 in the last quarter. Company insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on DPZ. TD Cowen boosted their target price on Domino’s Pizza from $295.00 to $310.00 and gave the stock a “hold” rating in a report on Monday, July 20th. JPMorgan Chase & Co. cut their price target on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Robert W. Baird reduced their price objective on shares of Domino’s Pizza from $400.00 to $350.00 and set an “outperform” rating for the company in a research report on Tuesday, June 23rd. Citigroup decreased their price objective on shares of Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. Finally, Morgan Stanley dropped their price objective on shares of Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $397.42.

Domino’s Pizza Trading Up 0.2%

Domino’s Pizza stock opened at $336.25 on Wednesday. Domino’s Pizza Inc has a 12 month low of $282.00 and a 12 month high of $469.00. The stock’s 50 day moving average is $324.38 and its 200-day moving average is $348.63. The company has a market capitalization of $11.12 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 1.67 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.10). The firm had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.81 earnings per share. As a group, equities research analysts predict that Domino’s Pizza Inc will post 18.88 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $1.99 per share. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.4%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 45.15%.

Domino’s Pizza Company 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.