Citizens Financial Group Inc. RI Makes New $512,000 Investment in Domino’s Pizza Inc $DPZ

Citizens Financial Group Inc. RI acquired a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,730 shares of the restaurant operator’s stock, valued at approximately $512,000.

Other large investors also recently made changes to their positions in the company. Aegis Wealth Management LLC acquired a new stake in shares of Domino’s Pizza in the 2nd quarter worth approximately $272,000. IMG Wealth Management Inc. acquired a new position in Domino’s Pizza in the 2nd quarter worth approximately $102,000. BlackRock Inc. acquired a new position in Domino’s Pizza during the second quarter valued at $715,704,000. Pallas Capital Advisors LLC purchased a new stake in shares of Domino’s Pizza in the second quarter worth approximately $775,000. Finally, Deutsche Bank AG purchased a new position in shares of Domino’s Pizza during the 2nd quarter valued at $58,771,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

NASDAQ:DPZ opened at $336.52 on Thursday. The business’s 50-day simple moving average is $324.82 and its 200-day simple moving average is $348.13. Domino’s Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $469.00. The stock has a market capitalization of $11.13 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 1.62 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $3.81 earnings per share. On average, research analysts expect that Domino’s Pizza Inc will post 18.88 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio is 45.15%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DPZ shares. Barclays reduced their target price on Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating on the stock in a report on Monday, April 27th. Benchmark reaffirmed a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Jefferies Financial Group cut their price target on shares of Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating on the stock in a research report on Tuesday, April 28th. Mizuho reduced their price objective on shares of Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Finally, Oppenheimer decreased their price objective on shares of Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Seventeen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $397.42.

Insider Buying and Selling at Domino’s Pizza

In other news, CEO Russell J. Weiner sold 10,850 shares of the stock in a transaction on Friday, July 17th. The shares were sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the completion of the sale, the chief executive officer owned 43,829 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the sale, the executive vice president owned 9,352 shares in the company, valued at approximately $3,011,718.08. The trade was a 57.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 24,254 shares of company stock valued at $7,888,924 in the last three months. 0.89% of the stock is owned by 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.