Douglas Lane & Associates LLC Acquires 408 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Douglas Lane & Associates LLC boosted its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 15.1% during the 1st quarter, Holdings Channel reports. The fund owned 3,115 shares of the restaurant operator’s stock after buying an additional 408 shares during the period. Douglas Lane & Associates LLC’s holdings in Domino’s Pizza were worth $1,548,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DPZ. Rafferty Asset Management LLC increased its position in Domino’s Pizza by 7.3% in the third quarter. Rafferty Asset Management LLC now owns 2,866 shares of the restaurant operator’s stock worth $1,086,000 after buying an additional 195 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in Domino’s Pizza in the third quarter worth $334,000. Nordea Investment Management AB increased its position in Domino’s Pizza by 39.6% in the third quarter. Nordea Investment Management AB now owns 3,388 shares of the restaurant operator’s stock worth $1,295,000 after buying an additional 961 shares during the last quarter. Rathbones Group PLC purchased a new stake in Domino’s Pizza in the third quarter worth $379,000. Finally, V Square Quantitative Management LLC purchased a new stake in Domino’s Pizza in the third quarter worth $186,000. Institutional investors own 94.63% of the company’s stock.

Insiders Place Their Bets

In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 32,001 shares in the company, valued at $16,844,366.37. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Cynthia A. Headen sold 745 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were 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 owns 3,910 shares in the company, valued at approximately $2,073,473. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Russell J. Weiner sold 11,780 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the transaction, the chief executive officer now owns 32,001 shares of the company’s stock, valued at approximately $16,844,366.37. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,633 shares of company stock worth $6,649,181. Company insiders own 0.76% of the company’s stock.

Domino’s Pizza Price Performance

Shares of DPZ opened at $521.83 on Monday. The firm has a market capitalization of $18.20 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 2.59 and a beta of 0.85. Domino’s Pizza, Inc. has a 1-year low of $313.87 and a 1-year high of $542.75. The company’s fifty day moving average price is $511.20 and its 200-day moving average price is $462.26.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, beating the consensus estimate of $3.46 by $0.12. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the company earned $2.93 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. As a group, research analysts anticipate that Domino’s Pizza, Inc. will post 16 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $1.51 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.16%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 39.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Piper Sandler raised their price target on Domino’s Pizza from $400.00 to $435.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Jefferies Financial Group raised their price target on Domino’s Pizza from $455.00 to $480.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $430.00 price target (up from $420.00) on shares of Domino’s Pizza in a report on Tuesday, February 27th. The Goldman Sachs Group assumed coverage on Domino’s Pizza in a report on Thursday, June 13th. They issued a “buy” rating and a $612.00 price target for the company. Finally, TD Securities reaffirmed a “buy” rating and issued a $580.00 price target on shares of Domino’s Pizza in a report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $525.66.

Domino’s Pizza Profile

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.