Sciencast Management LP acquired a new position in Domino’s Pizza, Inc. (NYSE:DPZ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,105 shares of the restaurant operator’s stock, valued at approximately $441,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Valeo Financial Advisors LLC raised its holdings in shares of Domino’s Pizza by 118.9% in the second quarter. Valeo Financial Advisors LLC now owns 81 shares of the restaurant operator’s stock worth $30,000 after buying an additional 44 shares during the period. Parallel Advisors LLC increased its stake in Domino’s Pizza by 49.5% in the 1st quarter. Parallel Advisors LLC now owns 148 shares of the restaurant operator’s stock worth $47,000 after buying an additional 49 shares during the period. Allred Capital Management LLC lifted its holdings 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 valued at $51,000 after buying an additional 33 shares in the last quarter. Atticus Wealth Management LLC purchased a new stake in Domino’s Pizza in the 1st quarter valued at about $64,000. Finally, James Investment Research Inc. purchased a new stake in shares of Domino’s Pizza in the second quarter valued at approximately $73,000. 90.62% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:DPZ opened at $386.61 on Friday. Domino’s Pizza, Inc. has a 12-month low of $220.90 and a 12-month high of $422.15. The business has a 50 day moving average of $383.38 and a two-hundred day moving average of $347.48. The company has a market capitalization of $15.12 billion, a PE ratio of 34.40, a PEG ratio of 2.22 and a beta of 0.37.
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 issued a $0.78 dividend. The ex-dividend date is Monday, September 14th. This represents a $3.12 dividend on an annualized basis and a yield of 0.81%. Domino’s Pizza’s payout ratio is 32.60%.
Several research firms have recently commented on DPZ. BTIG Research boosted their price target on shares of Domino’s Pizza from $405.00 to $440.00 and gave the company a “buy” rating in a report on Monday, July 13th. Jefferies Financial Group boosted their price objective on shares of Domino’s Pizza from $385.00 to $405.00 and gave the stock a “hold” rating in a research note on Friday, July 17th. Guggenheim reaffirmed a “buy” rating and set a $447.00 target price on shares of Domino’s Pizza in a research report on Wednesday, June 3rd. Wedbush upped their price objective on Domino’s Pizza from $425.00 to $445.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 9th. Finally, Stifel Nicolaus boosted their target price on shares of Domino’s Pizza from $350.00 to $360.00 and gave the stock a “hold” rating in a report on Wednesday, May 27th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Domino’s Pizza has an average rating of “Buy” and a consensus target price of $402.86.
In other Domino’s Pizza news, CFO Jeffrey D. Lawrence sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $402.15, for a total value of $1,005,375.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Russell J. Weiner sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $405.00, for a total value of $2,025,000.00. Following the completion of the sale, the chief operating officer now owns 28,850 shares of the company’s stock, valued at $11,684,250. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,200 shares of company stock valued at $8,448,135. Insiders own 1.74% of the company’s stock.
About Domino’s Pizza
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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