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TFG Advisers LLC Lowers Stock Holdings in Domino's Pizza, Inc. (NYSE:DPZ)

Financial News Live · Sep 29, 2022 10:44

TFG Advisers LLC decreased its position in shares of Domino's Pizza, Inc. (NYSE:DPZ – Get Rating) by 1.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,222 shares of the restaurant operator's stock after selling 42 shares during the period. TFG Advisers LLC's holdings in Domino's Pizza were worth $866,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Domino's Pizza by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,884,266 shares of the restaurant operator's stock valued at $1,580,935,000 after purchasing an additional 28,157 shares in the last quarter. BlackRock Inc. grew its stake in shares of Domino's Pizza by 1.1% during the first quarter. BlackRock Inc. now owns 3,578,352 shares of the restaurant operator's stock valued at $1,456,425,000 after buying an additional 38,567 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Domino's Pizza by 16.7% during the first quarter. Principal Financial Group Inc. now owns 1,332,340 shares of the restaurant operator's stock valued at $542,276,000 after buying an additional 190,595 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Domino's Pizza by 8.9% during the first quarter. Renaissance Technologies LLC now owns 1,040,825 shares of the restaurant operator's stock valued at $423,626,000 after buying an additional 84,947 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Domino's Pizza during the fourth quarter valued at about $251,368,000. Hedge funds and other institutional investors own 96.44% of the company's stock.

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Insiders Place Their Bets

In other news, Director Andrew Balson sold 4,000 shares of the company's stock in a transaction on Monday, July 25th. The stock was sold at an average price of $387.24, for a total transaction of $1,548,960.00. Following the transaction, the director now directly owns 6,870 shares of the company's stock, valued at $2,660,338.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Domino's Pizza news, EVP Cynthia A. Headen sold 103 shares of the business's stock in a transaction on Monday, July 18th. The shares were sold at an average price of $409.26, for a total transaction of $42,153.78. Following the completion of the sale, the executive vice president now directly owns 3,090 shares in the company, valued at approximately $1,264,613.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Andrew Balson sold 4,000 shares of the firm's stock in a transaction on Monday, July 25th. The stock was sold at an average price of $387.24, for a total value of $1,548,960.00. Following the completion of the transaction, the director now owns 6,870 shares in the company, valued at $2,660,338.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,190 shares of company stock valued at $1,625,744. Corporate insiders own 1.12% of the company's stock.

Domino's Pizza Price Performance

DPZ opened at $323.23 on Thursday. The firm has a market cap of $11.60 billion, a PE ratio of 25.07, a P/E/G ratio of 2.26 and a beta of 0.61. The stock has a 50-day moving average price of $376.08 and a 200-day moving average price of $378.67. Domino's Pizza, Inc. has a 1 year low of $313.18 and a 1 year high of $567.57.

Domino's Pizza (NYSE:DPZ – Get Rating) last issued its earnings results on Thursday, July 21st. The restaurant operator reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.88 by ($0.06). Domino's Pizza had a negative return on equity of 11.24% and a net margin of 10.63%. The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same period last year, the firm posted $3.12 earnings per share. The firm's quarterly revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Domino's Pizza, Inc. will post 12.57 EPS for the current year.

Domino's Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $4.40 annualized dividend and a yield of 1.36%. Domino's Pizza's dividend payout ratio is 34.35%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Cowen reduced their price objective on Domino's Pizza from $410.00 to $362.00 and set a "market perform" rating on the stock in a research note on Tuesday. Stifel Nicolaus raised their price objective on Domino's Pizza from $345.00 to $400.00 in a research note on Monday, July 18th. Bank of America cut their target price on Domino's Pizza from $512.00 to $490.00 and set a "buy" rating on the stock in a research note on Friday, July 22nd. Oppenheimer raised their target price on Domino's Pizza from $435.00 to $445.00 in a research note on Friday, July 22nd. Finally, Robert W. Baird set a $435.00 target price on Domino's Pizza in a research note on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Domino's Pizza currently has an average rating of "Hold" and an average price target of $429.32.

Domino's Pizza Profile

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