5,688 Shares in Domino’s Pizza Inc $DPZ Purchased by Bank of Nova Scotia

Bank of Nova Scotia acquired a new position in Domino’s Pizza Inc (NASDAQ:DPZ) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 5,688 shares of the restaurant operator’s stock, valued at approximately $1,683,000.

A number of other institutional investors have also recently bought and sold shares of DPZ. SHP Wealth Management acquired a new stake in shares of Domino’s Pizza in the fourth quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC grew its position in Domino’s Pizza by 97.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after buying an additional 34 shares in the last quarter. Johnson Financial Group Inc. increased its stake in Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 56 shares during the period. MBM Wealth Consultants LLC bought a new position in Domino’s Pizza during the 1st quarter worth $31,000. Finally, Rakuten Securities Inc. bought a new position in Domino’s Pizza during the 2nd quarter worth $28,000. Institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on DPZ shares. Oppenheimer cut their target price on Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating for the company in a research report on Tuesday, July 21st. UBS Group restated a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. BMO Capital Markets dropped their price target on Domino’s Pizza from $450.00 to $420.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. TD Cowen upped their price objective on shares of Domino’s Pizza from $295.00 to $310.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Finally, Loop Capital reaffirmed a “hold” rating and set a $353.00 price objective on shares of Domino’s Pizza in a research report on Monday, August 10th. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Domino’s Pizza has an average rating of “Hold” and a consensus price target of $397.42.

Insider Buying and Selling at Domino’s Pizza

In related news, CEO Russell J. Weiner sold 10,850 shares of the firm’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the sale, the chief executive officer directly owned 43,829 shares of the company’s stock, valued at $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kelly E. Garcia sold 12,430 shares of Domino’s Pizza 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 owned 9,352 shares in the company, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 24,254 shares of company stock valued at $7,888,924. 0.89% of the stock is owned by corporate insiders.

Domino’s Pizza Price Performance

Shares of DPZ opened at $344.56 on Thursday. The firm has a 50 day simple moving average of $327.46 and a two-hundred day simple moving average of $346.05. Domino’s Pizza Inc has a one year low of $282.00 and a one year high of $469.00. The company has a market cap of $11.40 billion, a P/E ratio of 19.54, a P/E/G ratio of 1.69 and a beta of 0.94.

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 analysts’ consensus estimates 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 business had revenue of $1.19 billion during the quarter. During the same quarter in the previous year, the company posted $3.81 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts expect that Domino’s Pizza Inc will post 18.89 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $1.99 per share. 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 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.