3,753 Shares in Domino’s Pizza Inc $DPZ Purchased by Korea Investment CORP

Korea Investment CORP bought a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the second quarter, HoldingsChannel reports. The institutional investor bought 3,753 shares of the restaurant operator’s stock, valued at approximately $1,111,000.

Several other hedge funds also recently modified their holdings of the business. Rakuten Securities Inc. acquired a new stake in shares of Domino’s Pizza during the 2nd quarter worth approximately $28,000. Allworth Financial LP acquired a new position in Domino’s Pizza in the second quarter valued at approximately $358,000. B. Metzler seel. Sohn & Co. AG bought a new position in Domino’s Pizza in the second quarter valued at approximately $280,000. Oxford Financial Group LTD. LLC bought a new position in Domino’s Pizza in the second quarter valued at approximately $3,637,000. Finally, Trillium Asset Management LLC acquired a new stake in Domino’s Pizza during the 2nd quarter worth $4,232,000. Institutional investors own 94.63% of the company’s stock.

Insider Transactions at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 12,430 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Russell J. Weiner sold 10,850 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the sale, the chief executive officer owned 43,829 shares in the company, valued at $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 24,254 shares of company stock worth $7,888,924. 0.89% of the stock is currently owned by insiders.

Domino’s Pizza Stock Up 0.3%

Shares of DPZ stock opened at $349.91 on Wednesday. Domino’s Pizza Inc has a 12-month low of $282.00 and a 12-month high of $469.00. The firm has a market capitalization of $11.58 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 1.68 and a beta of 0.94. The firm has a fifty day moving average of $326.86 and a 200-day moving average of $346.39.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 EPS 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 company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.81 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 2.3%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio is 45.15%.

Analysts Set New Price Targets

DPZ has been the topic of a number of analyst reports. Mizuho cut their price target on 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. Evercore reaffirmed an “outperform” rating on shares of Domino’s Pizza in a research note on Thursday, July 9th. Northcoast Research dropped their price objective on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. BMO Capital Markets cut their target price on Domino’s Pizza from $450.00 to $420.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. reduced their target price on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Sixteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $397.42.

About Domino’s Pizza

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.