Empowered Funds LLC Takes Position in Domino’s Pizza Inc $DPZ

Empowered Funds LLC bought a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,506 shares of the restaurant operator’s stock, valued at approximately $3,702,000.

Other large investors have also recently bought and sold shares of the company. SHP Wealth Management bought a new stake in Domino’s Pizza in the 4th quarter valued at $25,000. Rakuten Securities Inc. acquired a new position in shares of Domino’s Pizza during the second quarter valued at about $28,000. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Domino’s Pizza by 97.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 34 shares during the last quarter. Investors Research Corp lifted its stake in shares of Domino’s Pizza by 9,900.0% in the second quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 99 shares during the period. Finally, MBM Wealth Consultants LLC bought a new stake in shares of Domino’s Pizza in the first quarter valued at about $31,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DPZ shares. Royal Bank Of Canada lifted their target price on Domino’s Pizza from $325.00 to $350.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Domino’s Pizza in a research report on Wednesday, August 26th. Loop Capital reissued a “hold” rating and set a $353.00 price objective on shares of Domino’s Pizza in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft lowered their price objective on Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, TD Cowen upped their target price on Domino’s Pizza from $295.00 to $310.00 and gave the company a “hold” rating in a research note on Monday, July 20th. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $397.42.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $340.37 on Wednesday. The firm has a market cap of $11.26 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 1.65 and a beta of 0.94. The firm’s 50-day simple moving average is $330.69 and its 200-day simple moving average is $344.67. Domino’s Pizza Inc has a twelve month low of $282.00 and a twelve month high of $469.00.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). The business had revenue of $1.19 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.81 earnings per share. On average, equities analysts forecast that Domino’s Pizza Inc will post 18.89 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio is currently 45.15%.

Insider Buying and Selling

In other Domino’s Pizza news, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the sale, the chief executive officer directly owned 43,829 shares in the company, valued at $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 24,254 shares of company stock valued at $7,888,924. 0.89% of the stock is currently owned by insiders.

Domino’s Pizza Company 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.