US Bancorp DE lifted its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 9.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,590 shares of the restaurant operator’s stock after acquiring an additional 136 shares during the quarter. US Bancorp DE’s holdings in Domino’s Pizza were worth $411,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of DPZ. Field & Main Bank purchased a new stake in shares of Domino’s Pizza during the 1st quarter worth approximately $32,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Domino’s Pizza during the 1st quarter worth approximately $37,000. Ffcm LLC lifted its position in shares of Domino’s Pizza by 91.1% during the 4th quarter. Ffcm LLC now owns 172 shares of the restaurant operator’s stock worth $43,000 after buying an additional 82 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Domino’s Pizza by 12.3% during the 1st quarter. Global Retirement Partners LLC now owns 546 shares of the restaurant operator’s stock worth $141,000 after buying an additional 60 shares during the last quarter. Finally, First Mercantile Trust Co. purchased a new stake in shares of Domino’s Pizza during the 1st quarter worth approximately $150,000. Institutional investors and hedge funds own 97.30% of the company’s stock.
Several analysts recently commented on the stock. Wells Fargo & Co upped their price target on shares of Domino’s Pizza from $238.00 to $263.00 and gave the company a “market perform” rating in a research report on Thursday, February 14th. They noted that the move was a valuation call. Maxim Group reiterated a “buy” rating and issued a $315.00 price target (up previously from $305.00) on shares of Domino’s Pizza in a research report on Wednesday, April 24th. TheStreet upgraded shares of Domino’s Pizza from a “c+” rating to a “b-” rating in a research report on Tuesday, June 4th. Citigroup upped their price objective on shares of Domino’s Pizza from $282.00 to $298.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. Finally, ValuEngine upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $297.16.
In related news, CEO Richard E. Allison, Jr. sold 10,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $279.19, for a total value of $2,791,900.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jeffrey D. Lawrence sold 4,000 shares of the stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $255.00, for a total transaction of $1,020,000.00. Following the completion of the sale, the chief financial officer now directly owns 3,494 shares in the company, valued at $890,970. The disclosure for this sale can be found here. 1.62% of the stock is currently owned by corporate insiders.
Shares of NYSE:DPZ traded up $0.78 on Friday, reaching $282.07. 8,731 shares of the company were exchanged, compared to its average volume of 461,738. Domino’s Pizza, Inc. has a 1-year low of $231.28 and a 1-year high of $305.34. The stock has a market cap of $11.56 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 2.06 and a beta of 0.53.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $2.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.07 by $0.13. Domino’s Pizza had a net margin of 10.50% and a negative return on equity of 12.38%. The business had revenue of $835.96 million for the quarter, compared to analysts’ expectations of $852.59 million. During the same period in the prior year, the company posted $2.00 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts forecast that Domino’s Pizza, Inc. will post 9.31 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $2.60 dividend on an annualized basis and a yield of 0.92%. Domino’s Pizza’s payout ratio is 30.88%.
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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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