Commerce Bank Invests $2.19 Million in Domino’s Pizza Inc $DPZ
by Scott Moore · The Cerbat GemCommerce Bank acquired a new stake in Domino’s Pizza Inc (NASDAQ:DPZ – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,406 shares of the restaurant operator’s stock, valued at approximately $2,192,000.
A number of other hedge funds have also made changes to their positions in DPZ. SHP Wealth Management acquired a new stake in Domino’s Pizza in the fourth quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Domino’s Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 34 shares during the period. Johnson Financial Group Inc. increased its position in shares of Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 56 shares during the period. MBM Wealth Consultants LLC bought a new stake in shares of Domino’s Pizza in the 1st quarter worth $31,000. Finally, Rakuten Securities Inc. bought a new stake in shares of Domino’s Pizza in the 2nd quarter worth $28,000. Institutional investors and hedge funds own 94.63% of the company’s stock.
Domino’s Pizza Stock Up 2.1%
Shares of NASDAQ DPZ opened at $349.01 on Tuesday. Domino’s Pizza Inc has a 12 month low of $282.00 and a 12 month high of $469.00. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 1.65 and a beta of 0.94. The business has a fifty day simple moving average of $326.27 and a 200-day simple moving average of $346.76.
Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last released its quarterly 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). The company had revenue of $1.19 billion during the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the business earned $3.81 EPS. As a group, sell-side analysts expect that Domino’s Pizza Inc will post 18.88 EPS for the current fiscal year.
Domino’s Pizza Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 45.15%.
Insider Activity
In related news, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the sale, the chief executive officer owned 43,829 shares in the company, valued at approximately $14,499,948.07. This represents a 19.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelly E. Garcia sold 12,430 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the completion of the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 24,254 shares of company stock valued at $7,888,924. Corporate insiders own 0.89% of the company’s stock.
Wall Street Analyst Weigh In
DPZ has been the subject of several research reports. Wells Fargo & Company raised their target price on Domino’s Pizza from $325.00 to $350.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. BTIG Research reissued a “buy” rating and issued a $425.00 price target on shares of Domino’s Pizza in a report on Tuesday, July 21st. Morgan Stanley lowered their price objective on shares of Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. KeyCorp reiterated a “sector weight” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Finally, Oppenheimer cut their target price on shares of Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. Sixteen equities research 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. According to data from MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Hold” and an average target price of $397.42.
View Our Latest Stock Analysis on DPZ
Domino’s Pizza Company Profile
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.
Read More
- Five stocks we like better than Domino’s Pizza
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Want to see what other hedge funds are holding DPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domino’s Pizza Inc (NASDAQ:DPZ – Free Report).