OMERS ADMINISTRATION Corp Makes New $594,000 Investment in Domino’s Pizza Inc $DPZ

OMERS ADMINISTRATION Corp bought a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the second quarter, HoldingsChannel.com reports. The firm bought 2,007 shares of the restaurant operator’s stock, valued at approximately $594,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SHP Wealth Management purchased a new position in shares of Domino’s Pizza in the 4th quarter worth $25,000. Rakuten Securities Inc. purchased a new stake in Domino’s Pizza during the second quarter valued at $28,000. Annis Gardner Whiting Capital Advisors LLC increased 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 valued at $29,000 after acquiring an additional 34 shares during the last quarter. Investors Research Corp lifted its holdings in Domino’s Pizza by 9,900.0% in the second quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 99 shares during the period. Finally, MBM Wealth Consultants LLC bought a new position in Domino’s Pizza in the first quarter valued at about $31,000. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $332.05 on Friday. The stock has a market cap of $10.98 billion, a P/E ratio of 18.83, a PEG ratio of 1.66 and a beta of 0.94. Domino’s Pizza Inc has a 1 year low of $282.00 and a 1 year high of $469.00. The firm’s 50 day moving average price is $327.85 and its 200-day moving average price is $345.61.

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 negative return on equity of 15.15% and a net margin of 11.86%.The company had revenue of $1.19 billion for the quarter. During the same period last year, the company posted $3.81 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts expect that Domino’s Pizza Inc will post 18.89 EPS for the current year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 yield of 2.4%. Domino’s Pizza’s payout ratio is presently 45.15%.

Insider Buying and Selling at Domino’s Pizza

In other news, CEO Russell J. Weiner sold 10,850 shares of Domino’s Pizza 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 approximately $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of Domino’s Pizza 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 sale, the executive vice president directly owned 9,352 shares in the company, valued at $3,011,718.08. This trade represents a 57.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 24,254 shares of company stock worth $7,888,924. Corporate insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DPZ. JPMorgan Chase & Co. cut their price target on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Weiss Ratings cut shares of Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. BMO Capital Markets dropped their price objective on shares of Domino’s Pizza from $450.00 to $420.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Royal Bank Of Canada boosted their target price on shares of Domino’s Pizza from $325.00 to $350.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Finally, Benchmark reaffirmed a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Sixteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $397.42.

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.