First Nebraska Trust Co Buys Shares of 30,390 Domino’s Pizza Inc $DPZ

First Nebraska Trust Co purchased a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the second quarter, Holdings Channel.com reports. The fund purchased 30,390 shares of the restaurant operator’s stock, valued at approximately $8,997,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Berkshire Hathaway Inc increased its holdings in Domino’s Pizza by 12.3% in the 4th quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock worth $1,396,347,000 after acquiring an additional 368,055 shares during the last quarter. Soroban Capital Partners LP purchased a new stake in Domino’s Pizza during the first quarter valued at about $895,251,000. BlackRock Inc. bought a new position in Domino’s Pizza during the second quarter worth about $715,704,000. T. Rowe Price Investment Management Inc. boosted its position in Domino’s Pizza by 0.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock worth $837,091,000 after purchasing an additional 7,497 shares during the period. Finally, State Street Corp boosted its position in Domino’s Pizza by 3.8% during the fourth quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator’s stock worth $570,595,000 after purchasing an additional 49,613 shares during the period. Institutional investors own 94.63% of the company’s stock.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 12,430 shares of Domino’s Pizza stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the completion of the sale, the executive vice president directly owned 9,352 shares in the company, valued at $3,011,718.08. The trade was a 57.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Russell J. Weiner sold 10,850 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The stock was 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 directly owned 43,829 shares of the company’s stock, valued at approximately $14,499,948.07. This represents a 19.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 24,254 shares of company stock worth $7,888,924. 0.89% of the stock is owned by company insiders.

Domino’s Pizza Stock Up 2.2%

Domino’s Pizza stock opened at $341.85 on Friday. Domino’s Pizza Inc has a 52 week low of $282.00 and a 52 week high of $469.00. The business has a 50-day simple moving average of $325.62 and a 200 day simple moving average of $347.56. The stock has a market cap of $11.31 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.65 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 business had revenue of $1.19 billion during the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.81 earnings per share. On average, research analysts anticipate that Domino’s Pizza Inc will post 18.88 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio is 45.15%.

Analyst Ratings Changes

Several research analysts have commented on DPZ shares. Rothschild & Co Redburn cut their target price on Domino’s Pizza from $340.00 to $290.00 in a research note on Monday, May 11th. The Goldman Sachs Group decreased their price target on Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Benchmark reiterated a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Robert W. Baird decreased their target price on shares of Domino’s Pizza from $400.00 to $350.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. Seventeen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average target price of $397.42.

About Domino’s Pizza

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.