Deutsche Bank AG Buys Shares of 198,523 Domino’s Pizza Inc $DPZ

Deutsche Bank AG purchased a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 198,523 shares of the restaurant operator’s stock, valued at approximately $58,771,000.

Other hedge funds also recently modified their holdings of the company. Teacher Retirement System of Texas grew its holdings in shares of Domino’s Pizza by 55.7% during the fourth quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator’s stock worth $18,845,000 after purchasing an additional 16,179 shares during the last quarter. Amica Mutual Insurance Co. increased its stake in shares of Domino’s Pizza by 59.8% in the fourth quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock valued at $6,909,000 after buying an additional 6,203 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Domino’s Pizza by 10.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock valued at $28,544,000 after buying an additional 6,223 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Domino’s Pizza by 21,977.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock valued at $381,254,000 after buying an additional 910,529 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Domino’s Pizza by 18.0% in the 4th quarter. Fisher Asset Management LLC now owns 34,632 shares of the restaurant operator’s stock valued at $14,436,000 after buying an additional 5,282 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Gordon Haskett reduced their target price on shares of Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Weiss Ratings lowered shares of Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. UBS Group reissued a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Citigroup decreased their price objective on Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, July 7th. Finally, Loop Capital reaffirmed a “hold” rating and set a $353.00 target price on shares of Domino’s Pizza in a research report on Monday, August 10th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $397.42.

Insiders Place Their Bets

In other news, EVP Kelly E. Garcia sold 12,430 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was 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 of the company’s stock, valued at $3,011,718.08. The trade was a 57.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Russell J. Weiner sold 10,850 shares of the business’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the transaction, the chief executive officer directly owned 43,829 shares in the company, valued at $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 24,254 shares of company stock worth $7,888,924 in the last ninety days. Insiders own 0.89% of the company’s stock.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $334.37 on Friday. Domino’s Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $469.00. The company has a 50 day simple moving average of $325.26 and a two-hundred day simple moving average of $347.60. The company has a market capitalization of $11.06 billion, a PE ratio of 18.97, a P/E/G ratio of 1.62 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm had revenue of $1.19 billion during the quarter. During the same quarter in the prior year, the business earned $3.81 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Research analysts predict that Domino’s Pizza Inc will post 18.88 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.99 dividend. 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 payout ratio is presently 45.15%.

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.