Entropy Technologies LP Takes $5.79 Million Position in Domino’s Pizza Inc $DPZ

Entropy Technologies LP bought a new position in Domino’s Pizza Inc (NASDAQ:DPZFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,400 shares of the restaurant operator’s stock, valued at approximately $5,785,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. boosted its position 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 valued at $36,000 after buying an additional 56 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Domino’s Pizza in the second quarter valued at about $42,000. Westpac Banking Corp boosted its holdings in shares of Domino’s Pizza by 31.2% during the second quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 24 shares during the period. MUFG Securities EMEA plc bought a new stake in shares of Domino’s Pizza in the second quarter worth about $46,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Domino’s Pizza by 64.2% in the third quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 43 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

Insider Activity at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 4,870 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value of $2,113,872.20. Following the sale, the executive vice president directly owned 6,744 shares of the company’s stock, valued at $2,927,300.64. This represents a 41.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.83% of the company’s stock.

Key Domino’s Pizza News

Here are the key news stories impacting Domino’s Pizza this week:

Analyst Upgrades and Downgrades

A number of research analysts have commented on DPZ shares. Argus upgraded Domino’s Pizza to a “hold” rating in a report on Monday. Wells Fargo & Company reduced their target price on Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 22nd. Barclays decreased their target price on Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating for the company in a report on Wednesday, January 7th. UBS Group set a $500.00 price target on Domino’s Pizza and gave the stock a “buy” rating in a research note on Friday, February 13th. Finally, Hovde Group set a $460.00 price objective on shares of Domino’s Pizza in a research report on Monday, January 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $475.71.

Get Our Latest Research Report on DPZ

Domino’s Pizza Stock Performance

DPZ stock opened at $395.98 on Friday. Domino’s Pizza Inc has a fifty-two week low of $370.70 and a fifty-two week high of $499.08. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 1.70 and a beta of 1.16. The business’s 50 day moving average price is $400.74 and its two-hundred day moving average price is $416.95.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last released its earnings results on Monday, February 23rd. The restaurant operator reported $5.35 EPS for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). The firm had revenue of $1.54 billion during the quarter. Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.89 EPS. Sell-side analysts forecast that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be issued a dividend of $1.99 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.74. The ex-dividend date is Friday, March 13th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.0%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.61%.

About Domino’s Pizza

(Free Report)

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.

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Institutional Ownership by Quarter for Domino's Pizza (NASDAQ:DPZ)

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