Intech Investment Management LLC Raises Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Intech Investment Management LLC boosted its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 43.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,323 shares of the restaurant operator’s stock after acquiring an additional 5,868 shares during the period. Intech Investment Management LLC owned 0.06% of Domino’s Pizza worth $9,601,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CWM LLC lifted its position in Domino’s Pizza by 9.7% during the 4th quarter. CWM LLC now owns 1,177 shares of the restaurant operator’s stock valued at $485,000 after acquiring an additional 104 shares during the period. Tritonpoint Wealth LLC purchased a new position in Domino’s Pizza during the 4th quarter valued at about $1,980,000. Nisa Investment Advisors LLC raised its holdings in Domino’s Pizza by 353.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,091 shares of the restaurant operator’s stock worth $1,686,000 after buying an additional 3,189 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Domino’s Pizza by 0.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,007 shares of the restaurant operator’s stock worth $2,064,000 after buying an additional 39 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Domino’s Pizza by 39,287.9% in the fourth quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock worth $205,883,000 after buying an additional 498,170 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on DPZ shares. Jefferies Financial Group lifted their target price on shares of Domino’s Pizza from $455.00 to $480.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Wells Fargo & Company lifted their target price on shares of Domino’s Pizza from $475.00 to $525.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Loop Capital decreased their target price on shares of Domino’s Pizza from $507.00 to $419.00 and set a “hold” rating for the company in a report on Friday. Morgan Stanley lifted their target price on shares of Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, UBS Group lifted their target price on shares of Domino’s Pizza from $526.00 to $570.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $524.89.

Domino’s Pizza Stock Performance

Shares of DPZ traded down $4.87 during mid-day trading on Friday, reaching $404.17. The stock had a trading volume of 1,613,474 shares, compared to its average volume of 648,811. The firm has a market cap of $14.10 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 1.99 and a beta of 0.87. Domino’s Pizza, Inc. has a 12 month low of $330.05 and a 12 month high of $542.75. The business has a fifty day moving average of $506.02 and a 200 day moving average of $473.48.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.08 earnings per share. On average, research analysts forecast that Domino’s Pizza, Inc. will post 16.18 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $1.51 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.49%. Domino’s Pizza’s payout ratio is currently 39.43%.

Insiders Place Their Bets

In other news, CEO Russell J. Weiner sold 11,780 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the transaction, the chief executive officer now owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Russell J. Weiner sold 11,780 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the transaction, the chief executive officer now owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the completion of the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $2,073,473. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

About Domino’s Pizza

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.