Robbins Farley Raises Holdings in Domino’s Pizza Inc $DPZ

Robbins Farley boosted its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 16.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,790 shares of the restaurant operator’s stock after purchasing an additional 1,367 shares during the period. Domino’s Pizza comprises 1.8% of Robbins Farley’s investment portfolio, making the stock its 27th largest position. Robbins Farley’s holdings in Domino’s Pizza were worth $4,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of DPZ. Nissay Asset Management Corp Japan ADV increased its stake in shares of Domino’s Pizza by 0.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 4,162 shares of the restaurant operator’s stock worth $1,912,000 after buying an additional 21 shares during the period. Compound Planning Inc. grew its holdings in Domino’s Pizza by 4.1% in the 1st quarter. Compound Planning Inc. now owns 562 shares of the restaurant operator’s stock worth $258,000 after acquiring an additional 22 shares during the last quarter. CX Institutional increased its position in shares of Domino’s Pizza by 6.7% in the second quarter. CX Institutional now owns 382 shares of the restaurant operator’s stock valued at $172,000 after acquiring an additional 24 shares during the period. Lafayette Investments Inc. increased its position in shares of Domino’s Pizza by 2.7% in the second quarter. Lafayette Investments Inc. now owns 929 shares of the restaurant operator’s stock valued at $419,000 after acquiring an additional 24 shares during the period. Finally, Westpac Banking Corp raised its stake in shares of Domino’s Pizza by 31.2% during the second quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 24 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on DPZ. Jefferies Financial Group cut their target price on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Wells Fargo & Company cut their price objective on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. BTIG Research restated a “buy” rating and set a $530.00 target price on shares of Domino’s Pizza in a report on Friday, November 14th. Mizuho raised Domino’s Pizza to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Domino’s Pizza in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $490.40.

Domino’s Pizza Stock Up 0.7%

Shares of NASDAQ:DPZ opened at $429.21 on Thursday. Domino’s Pizza Inc has a 52-week low of $392.89 and a 52-week high of $500.55. The stock has a market cap of $14.50 billion, a P/E ratio of 25.09, a PEG ratio of 2.26 and a beta of 1.14. The business has a fifty day moving average of $416.29 and a two-hundred day moving average of $438.04.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, beating the consensus estimate of $3.96 by $0.12. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.19 EPS. On average, equities analysts anticipate that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, December 15th. Domino’s Pizza’s dividend payout ratio is 40.68%.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total value of $2,113,872.20. Following the completion of the sale, the executive vice president owned 6,744 shares in the company, valued at approximately $2,927,300.64. The trade was a 41.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.83% of the stock is owned by corporate insiders.

Domino’s Pizza Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.