Paragon Advisors LLC bought a new stake in Domino’s Pizza, Inc. (NYSE:DPZ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,653 shares of the restaurant operator’s stock, valued at approximately $611,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Archer Investment Corp acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at $33,000. Chevy Chase Trust Holdings Inc. acquired a new stake in Domino’s Pizza during the 4th quarter worth about $46,000. Parallel Advisors LLC grew its position in Domino’s Pizza by 49.5% during the 1st quarter. Parallel Advisors LLC now owns 148 shares of the restaurant operator’s stock worth $47,000 after purchasing an additional 49 shares during the period. Allred Capital Management LLC grew its position in Domino’s Pizza by 26.6% during the 1st quarter. Allred Capital Management LLC now owns 157 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 33 shares during the period. Finally, Atticus Wealth Management LLC acquired a new stake in Domino’s Pizza during the 1st quarter worth about $64,000. 91.36% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have weighed in on DPZ. Northcoast Research raised Domino’s Pizza from a “neutral” rating to a “buy” rating and set a $444.00 price target on the stock in a research report on Friday, May 29th. Longbow Research increased their price target on Domino’s Pizza from $430.00 to $441.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Royal Bank of Canada increased their price target on Domino’s Pizza from $406.00 to $415.00 in a research report on Thursday, May 28th. Stifel Nicolaus raised their target price on Domino’s Pizza from $350.00 to $360.00 and gave the company a “hold” rating in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. raised their target price on Domino’s Pizza from $380.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, May 27th. Eleven investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $380.00.
DPZ traded down $3.64 during trading on Tuesday, reaching $381.36. The company’s stock had a trading volume of 578,543 shares, compared to its average volume of 640,140. The firm has a fifty day simple moving average of $376.36 and a two-hundred day simple moving average of $335.01. Domino’s Pizza, Inc. has a 1 year low of $220.90 and a 1 year high of $394.99. The company has a market cap of $15.06 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 2.59 and a beta of 0.37.
Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, April 23rd. The restaurant operator reported $3.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.75. Domino’s Pizza had a net margin of 11.75% and a negative return on equity of 13.60%. The business had revenue of $873.10 million for the quarter, compared to analyst estimates of $869.66 million. During the same period last year, the company posted $2.20 EPS. The business’s revenue was up 4.5% on a year-over-year basis. On average, equities analysts expect that Domino’s Pizza, Inc. will post 11.32 earnings per share for the current fiscal year.
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 $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Friday, June 12th. Domino’s Pizza’s dividend payout ratio (DPR) is 32.60%.
In other news, EVP John Kevin Vasconi sold 4,675 shares of Domino’s Pizza stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $370.60, for a total transaction of $1,732,555.00. Following the sale, the executive vice president now owns 8,489 shares of the company’s stock, valued at approximately $3,146,023.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Russell J. Weiner sold 5,000 shares of Domino’s Pizza stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $385.00, for a total transaction of $1,925,000.00. The disclosure for this sale can be found here. Insiders sold a total of 9,732 shares of company stock worth $3,680,070 over the last three months. Corporate insiders own 1.74% of the company’s stock.
Domino’s Pizza Company Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
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