Index Fund Advisors Inc. Invests $209,000 in Domino’s Pizza Inc $DPZ

Index Fund Advisors Inc. bought a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 463 shares of the restaurant operator’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Principal Financial Group Inc. raised its position in shares of Domino’s Pizza by 3.1% during the first quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator’s stock worth $799,897,000 after purchasing an additional 53,124 shares during the period. Invesco Ltd. raised its position in shares of Domino’s Pizza by 32.9% during the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator’s stock worth $371,997,000 after purchasing an additional 200,622 shares during the period. Northern Trust Corp raised its position in shares of Domino’s Pizza by 13.9% during the first quarter. Northern Trust Corp now owns 450,302 shares of the restaurant operator’s stock worth $206,891,000 after purchasing an additional 54,909 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Domino’s Pizza by 9.0% during the first quarter. Envestnet Asset Management Inc. now owns 402,412 shares of the restaurant operator’s stock worth $184,888,000 after purchasing an additional 33,105 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Domino’s Pizza by 12.8% during the first quarter. Wellington Management Group LLP now owns 350,086 shares of the restaurant operator’s stock worth $160,847,000 after purchasing an additional 39,745 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $406.37 on Monday. The business’s 50-day moving average price is $442.41 and its two-hundred day moving average price is $458.89. Domino’s Pizza Inc has a one year low of $397.12 and a one year high of $500.55. The company has a market capitalization of $13.80 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 2.22 and a beta of 1.12.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing analysts’ consensus estimates of $3.93 by ($0.12). Domino’s Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the firm earned $4.03 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $1.74 dividend. The ex-dividend date was Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.7%. Domino’s Pizza’s payout ratio is 40.42%.

Insider Buying and Selling

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the transaction, the director owned 3,384 shares in the company, valued at $1,527,842.16. The trade was a 22.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.83% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DPZ. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Domino’s Pizza in a research report on Wednesday, October 8th. Wells Fargo & Company cut their target price on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a research report on Wednesday. UBS Group reissued a “buy” rating and set a $540.00 price target on shares of Domino’s Pizza in a research report on Tuesday, July 22nd. Piper Sandler dropped their price target on Domino’s Pizza from $477.00 to $443.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Royal Bank Of Canada lowered Domino’s Pizza from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $550.00 to $500.00 in a research report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $493.30.

About Domino’s Pizza

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.