Entropy Technologies LP Takes $5.79 Million Position in Domino’s Pizza Inc $DPZ

Entropy Technologies LP purchased a new position in Domino’s Pizza Inc (NASDAQ:DPZFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,400 shares of the restaurant operator’s stock, valued at approximately $5,785,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DPZ. Johnson Financial Group Inc. raised its stake in Domino’s Pizza by 200.0% during the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 56 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Domino’s Pizza in the second quarter worth $42,000. Westpac Banking Corp increased its holdings 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 in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Domino’s Pizza during the second quarter valued at $46,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Domino’s Pizza by 64.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DPZ. Citigroup increased their price objective on shares of Domino’s Pizza from $420.00 to $440.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Evercore reiterated an “outperform” rating and issued a $510.00 target price on shares of Domino’s Pizza in a research note on Tuesday, February 24th. Piper Sandler reiterated a “neutral” rating and set a $445.00 price target on shares of Domino’s Pizza in a report on Monday, November 24th. Morgan Stanley reissued an “equal weight” rating and set a $455.00 price target (down from $535.00) on shares of Domino’s Pizza in a research report on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Domino’s Pizza in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $475.71.

Check Out Our Latest Research Report on Domino’s Pizza

Domino’s Pizza Stock Performance

DPZ opened at $395.98 on Friday. The company’s 50-day simple moving average is $400.74 and its two-hundred day simple moving average is $416.95. The stock has a market capitalization of $13.32 billion, a P/E ratio of 22.54, a P/E/G ratio of 1.70 and a beta of 1.16. Domino’s Pizza Inc has a 52-week low of $370.70 and a 52-week high of $499.08.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last announced its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 EPS for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). The company had revenue of $1.54 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $4.89 EPS. Research analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be paid a dividend of $1.99 per share. The ex-dividend date is Friday, March 13th. This represents a $7.96 dividend on an annualized basis and a yield of 2.0%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.74. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.61%.

Key Domino’s Pizza News

Here are the key news stories impacting Domino’s Pizza this week:

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 4,870 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 6,744 shares in the company, valued at $2,927,300.64. This trade represents a 41.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.83% of the stock is owned by insiders.

Domino’s Pizza Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Domino's Pizza (NASDAQ:DPZ)

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