Pallas Capital Advisors LLC Purchases New Position in Domino’s Pizza Inc $DPZ

Pallas Capital Advisors LLC purchased a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,619 shares of the restaurant operator’s stock, valued at approximately $775,000.

Several other institutional investors and hedge funds have also bought and sold shares of DPZ. Huntleigh Advisors Inc. grew its position in shares of Domino’s Pizza by 5.0% in the 4th quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock worth $221,000 after buying an additional 25 shares during the last quarter. Andina Capital Management LLC raised its holdings in shares of Domino’s Pizza by 3.1% during the fourth quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator’s stock valued at $457,000 after acquiring an additional 33 shares in the last quarter. Diversify Advisory Services LLC lifted its stake in Domino’s Pizza by 5.1% in the third quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator’s stock worth $275,000 after acquiring an additional 33 shares during the period. Novem Group lifted its stake in Domino’s Pizza by 5.1% in the fourth quarter. Novem Group now owns 703 shares of the restaurant operator’s stock worth $293,000 after acquiring an additional 34 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its stake in Domino’s Pizza by 97.1% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 34 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DPZ. Evercore reissued an “outperform” rating on shares of Domino’s Pizza in a research report on Thursday, July 9th. The Goldman Sachs Group dropped their target price on shares of Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Morgan Stanley cut their target price on shares of Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Jefferies Financial Group reduced 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. Finally, Oppenheimer reduced their price target on shares of Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Seventeen investment 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $397.42.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 12,430 shares of the business’s stock in a transaction dated 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 approximately $3,011,718.08. The trade was a 57.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer owned 43,829 shares in the company, valued at $14,499,948.07. This represents a 19.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 24,742 shares of company stock worth $8,041,746. Corporate insiders own 0.89% of the company’s stock.

Domino’s Pizza Stock Up 0.2%

NASDAQ:DPZ opened at $336.25 on Wednesday. The stock has a market cap of $11.12 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 1.67 and a beta of 0.94. The company’s 50 day moving average price is $324.38 and its 200-day moving average price is $348.63. Domino’s Pizza Inc has a 52 week low of $282.00 and a 52 week high of $469.00.

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 analysts’ consensus estimates of $4.17 by ($0.10). The firm had revenue of $1.19 billion during 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 firm posted $3.81 EPS. As a group, sell-side analysts anticipate that Domino’s Pizza Inc will post 18.88 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

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

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.