Oppenheimer Asset Management Inc. Invests $5.69 Million in Domino’s Pizza Inc $DPZ

Oppenheimer Asset Management Inc. acquired a new stake in Domino’s Pizza Inc (NASDAQ:DPZ) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 19,208 shares of the restaurant operator’s stock, valued at approximately $5,686,000. Oppenheimer Asset Management Inc. owned about 0.06% of Domino’s Pizza as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. SHP Wealth Management bought a new stake in Domino’s Pizza during the 4th quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Domino’s Pizza by 97.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 34 shares in the last quarter. Johnson Financial Group Inc. increased its position in shares of Domino’s Pizza by 200.0% in the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 56 shares during the last quarter. MBM Wealth Consultants LLC acquired a new stake in shares of Domino’s Pizza in the first quarter valued at about $31,000. Finally, Cornerstone Planning Group LLC raised its holdings in Domino’s Pizza by 450.0% during the first quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock worth $33,000 after acquiring an additional 81 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

DPZ has been the subject of several recent research reports. The Goldman Sachs Group reduced their price target on 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. TD Cowen boosted their price target on Domino’s Pizza from $295.00 to $310.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Mizuho dropped their price objective on Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Evercore reissued an “outperform” rating on shares of Domino’s Pizza in a report on Thursday, July 9th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Seventeen equities 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $397.42.

Insider Activity at Domino’s Pizza

In related news, CEO Russell J. Weiner sold 10,850 shares of the business’s stock in a transaction that occurred 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelly E. Garcia sold 12,430 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 9,352 shares in the company, valued at $3,011,718.08. The trade was a 57.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,742 shares of company stock valued at $8,041,746 over the last quarter. 0.89% of the stock is currently owned by corporate insiders.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ opened at $346.27 on Friday. 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 capitalization of $11.45 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 1.67 and a beta of 0.94. The company has a 50-day simple moving average of $323.57 and a 200 day simple moving average of $350.12.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The business had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.81 EPS. As a group, equities analysts forecast that Domino’s Pizza Inc will post 18.88 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 45.15%.

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.