Parallel Advisors LLC Acquires 10,195 Shares of Domino’s Pizza Inc $DPZ

Parallel Advisors LLC boosted its holdings in Domino’s Pizza Inc (NASDAQ:DPZFree Report) by 955.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,262 shares of the restaurant operator’s stock after purchasing an additional 10,195 shares during the quarter. Parallel Advisors LLC’s holdings in Domino’s Pizza were worth $4,041,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True North Advisors LLC lifted its position in Domino’s Pizza by 11.6% during the first quarter. True North Advisors LLC now owns 691 shares of the restaurant operator’s stock valued at $248,000 after purchasing an additional 72 shares during the period. SEB Asset Management AB purchased a new position in Domino’s Pizza during the first quarter valued at $2,216,000. Swiss National Bank grew its holdings in Domino’s Pizza by 7.0% during the first quarter. Swiss National Bank now owns 94,160 shares of the restaurant operator’s stock valued at $33,784,000 after purchasing an additional 6,200 shares during the period. Mediolanum International Funds Ltd grew its holdings in Domino’s Pizza by 6.1% during the first quarter. Mediolanum International Funds Ltd now owns 4,358 shares of the restaurant operator’s stock valued at $1,538,000 after purchasing an additional 250 shares during the period. Finally, Jennison Associates LLC raised its stake in Domino’s Pizza by 45.6% during the 1st quarter. Jennison Associates LLC now owns 200,395 shares of the restaurant operator’s stock worth $71,900,000 after acquiring an additional 62,792 shares during the period. Institutional investors own 94.63% of the company’s stock.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 487 shares of the business’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $297.01, for a total value of $144,643.87. Following the completion of the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $2,777,637.52. The trade was a 4.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 1,950 shares of company stock worth $611,451. Company insiders own 0.89% of the company’s stock.

Domino’s Pizza Trading Up 2.1%

DPZ opened at $328.97 on Tuesday. The stock has a 50-day moving average of $309.24 and a 200 day moving average of $357.66. Domino’s Pizza Inc has a 12 month low of $282.00 and a 12 month high of $496.00. The firm has a market cap of $10.94 billion, a P/E ratio of 18.94, a P/E/G ratio of 1.55 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last announced its 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 company had revenue of $1.19 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the business posted $3.81 EPS. On average, research analysts forecast that Domino’s Pizza Inc will post 18.88 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 2.4%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is 45.83%.

Domino’s Pizza News Summary

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Rothschild & Co Redburn dropped their price target on shares of Domino’s Pizza from $340.00 to $290.00 in a research report on Monday, May 11th. Jefferies Financial Group cut their price objective on shares of Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a report on Tuesday, April 28th. DA Davidson lowered their target price on shares of Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. UBS Group cut their target price on shares of Domino’s Pizza from $425.00 to $375.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Finally, Benchmark cut their price objective on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $400.57.

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Domino’s Pizza Profile

(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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