Sanctuary Advisors LLC Buys Shares of 3,265 Domino’s Pizza Inc $DPZ

Sanctuary Advisors LLC purchased a new position in Domino’s Pizza Inc (NASDAQ:DPZ) in the second quarter, HoldingsChannel reports. The institutional investor purchased 3,265 shares of the restaurant operator’s stock, valued at approximately $967,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Amica Mutual Insurance Co. boosted its holdings in shares of Domino’s Pizza by 59.8% in the 4th quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock worth $6,909,000 after purchasing an additional 6,203 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of 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 valued at $28,544,000 after buying an additional 6,223 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Domino’s Pizza by 21,977.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock valued at $381,254,000 after buying an additional 910,529 shares in the last quarter. Fisher Asset Management LLC lifted its position in Domino’s Pizza by 18.0% in the 4th 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 during the last quarter. Finally, Royal Bank of Canada lifted its position in Domino’s Pizza by 5.2% in the 1st quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator’s stock worth $160,817,000 after buying an additional 22,320 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Activity

In related news, EVP Kelly E. Garcia sold 12,430 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were 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 of the company’s stock, valued at $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the transaction, the chief executive officer owned 43,829 shares of the company’s stock, valued at approximately $14,499,948.07. The trade was a 19.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 24,254 shares of company stock worth $7,888,924 in the last quarter. 0.89% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on DPZ. Weiss Ratings cut shares of Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Citigroup lowered their price objective on shares of Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, July 7th. KeyCorp reaffirmed a “sector weight” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Oppenheimer reduced their target price on shares of Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Finally, TD Cowen boosted their price target on shares of Domino’s Pizza from $295.00 to $310.00 and gave the stock 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 given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Domino’s Pizza currently has an average rating of “Hold” and an average target price of $397.42.

Domino’s Pizza Stock Down 3.6%

Shares of Domino’s Pizza stock opened at $332.05 on Friday. The business has a 50 day moving average of $327.85 and a 200 day moving average of $345.61. Domino’s Pizza Inc has a 52 week low of $282.00 and a 52 week high of $469.00. The company has a market cap of $10.98 billion, a PE ratio of 18.83, a P/E/G ratio of 1.66 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results 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 company had revenue of $1.19 billion during the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.81 EPS. On average, research analysts anticipate that Domino’s Pizza Inc will post 18.89 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.4%. Domino’s Pizza’s payout ratio is presently 45.15%.

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.