Oppenheimer Asset Management Inc. Purchases Shares of 19,208 Domino’s Pizza Inc $DPZ

Oppenheimer Asset Management Inc. acquired a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 19,208 shares of the restaurant operator’s stock, valued at approximately $5,686,000.

A number of other institutional investors also recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its stake in Domino’s Pizza by 55.7% in the 4th quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator’s stock valued at $18,845,000 after purchasing an additional 16,179 shares during the period. Amica Mutual Insurance Co. increased its position in Domino’s Pizza by 59.8% during the 4th quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock worth $6,909,000 after buying an additional 6,203 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Domino’s Pizza by 10.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock worth $28,544,000 after buying an additional 6,223 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Domino’s Pizza by 21,977.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after buying an additional 910,529 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Domino’s Pizza by 18.0% during the fourth quarter. Fisher Asset Management LLC now owns 34,632 shares of the restaurant operator’s stock worth $14,436,000 after buying an additional 5,282 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Insiders Place Their Bets

In other news, 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 completion of the transaction, the executive vice president directly owned 9,352 shares in the company, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Russell J. Weiner sold 10,850 shares of the firm’s stock in a transaction on Friday, July 17th. The shares were 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 approximately $14,499,948.07. This trade represents a 19.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 24,742 shares of company stock valued at $8,041,746 over the last quarter. 0.89% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Piper Sandler decreased their price target on shares of Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Mizuho dropped their price objective on shares of Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating for the company in a research note on Tuesday, April 28th. Benchmark reiterated a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Royal Bank Of Canada increased their target price on shares of 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. Finally, Robert W. Baird lowered their target price on shares of Domino’s Pizza from $400.00 to $350.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. Seventeen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and an average target price of $397.42.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $346.27 on Friday. Domino’s Pizza Inc has a 52-week low of $282.00 and a 52-week high of $469.00. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 1.67 and a beta of 0.94. The business’s fifty day moving average is $323.57 and its 200-day moving average is $350.12.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.10). The business had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.81 EPS. As a group, research analysts forecast that Domino’s Pizza Inc will post 18.88 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $1.99 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.3%. Domino’s Pizza’s payout ratio is presently 45.15%.

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.