Dynamic Technology Lab Private Ltd Acquires Shares of 3,405 Domino’s Pizza Inc $DPZ

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 3,405 shares of the restaurant operator’s stock, valued at approximately $1,419,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Berkshire Hathaway Inc grew its holdings in Domino’s Pizza by 13.2% during the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after purchasing an additional 348,077 shares during the period. Marshfield Associates boosted its holdings in shares of Domino’s Pizza by 4.0% in the third quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock worth $321,415,000 after acquiring an additional 28,765 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Domino’s Pizza by 55.7% in the fourth quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator’s stock worth $18,845,000 after acquiring an additional 16,179 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Domino’s Pizza by 10.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock worth $28,544,000 after acquiring an additional 6,223 shares during the period. Finally, Amica Mutual Insurance Co. boosted its holdings in shares of Domino’s Pizza by 59.8% in the fourth quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock worth $6,909,000 after acquiring an additional 6,203 shares during the period. 94.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on DPZ shares. TD Cowen cut their price target on Domino’s Pizza from $377.00 to $350.00 and set a “hold” rating for the company in a report on Wednesday, May 27th. DA Davidson cut their price target on Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Northcoast Research cut their price target on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Weiss Ratings lowered Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Finally, HSBC cut their price target on Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $418.13.

Insider Transactions at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 487 shares of Domino’s Pizza stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $311.74, for a total transaction of $151,817.38. Following the completion of the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $2,915,392.48. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 1,463 shares of company stock worth $466,807 over the last three months. 0.89% of the stock is currently owned by company insiders.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $323.88 on Friday. The firm has a market capitalization of $10.77 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 1.45 and a beta of 0.97. Domino’s Pizza Inc has a 52-week low of $297.48 and a 52-week high of $496.00. The stock has a fifty day moving average of $335.13 and a 200 day moving average of $379.59.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.16). The business had revenue of $1.15 billion for the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $4.33 earnings per share. Equities analysts forecast that Domino’s Pizza Inc will post 19.07 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $1.99 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 annualized dividend and a yield of 2.5%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.83%.

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.