Global Retirement Partners LLC Purchases Shares of 4,166 Domino’s Pizza Inc $DPZ

Global Retirement Partners LLC purchased a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,166 shares of the restaurant operator’s stock, valued at approximately $1,233,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of Domino’s Pizza during the second quarter worth about $78,076,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Domino’s Pizza in the 2nd quarter valued at about $285,000. GSA Capital Partners LLP acquired a new stake in shares of Domino’s Pizza in the 2nd quarter valued at about $319,000. SWS Partners acquired a new stake in shares of Domino’s Pizza in the 2nd quarter valued at about $1,427,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in Domino’s Pizza during the 2nd quarter worth approximately $5,686,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $335.42 on Tuesday. The stock has a market capitalization of $11.10 billion, a P/E ratio of 19.03, a P/E/G ratio of 1.67 and a beta of 0.94. Domino’s Pizza Inc has a 1 year low of $282.00 and a 1 year high of $469.00. The company’s fifty day moving average is $324.01 and its two-hundred day moving average is $349.12.

Domino’s Pizza (NASDAQ:DPZ) last issued its 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). Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The firm had revenue of $1.19 billion during the quarter. During the same quarter last year, the firm posted $3.81 earnings per share. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. Sell-side analysts predict that Domino’s Pizza Inc will post 18.88 EPS for the current year.

Domino’s Pizza Dividend Announcement

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 given a dividend of $1.99 per share. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.4%. Domino’s Pizza’s payout ratio is presently 45.15%.

Insider Buying and Selling

In related news, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction 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 transaction, 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 SEC, which is available at this link. Also, 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 owned 9,352 shares of the company’s stock, valued at $3,011,718.08. The trade was a 57.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 24,742 shares of company stock valued at $8,041,746. Company insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DPZ shares. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Royal Bank Of Canada increased their price target on shares of Domino’s Pizza from $325.00 to $350.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Loop Capital reissued a “hold” rating and set a $353.00 price objective on shares of Domino’s Pizza in a research report on Monday, August 10th. KeyCorp restated a “sector weight” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Finally, Weiss Ratings cut shares of Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $397.42.

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.