Waverly Advisors LLC Has $5.27 Million Stake in Domino’s Pizza Inc $DPZ

Waverly Advisors LLC reduced its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 9.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,793 shares of the restaurant operator’s stock after selling 1,775 shares during the period. Waverly Advisors LLC owned approximately 0.05% of Domino’s Pizza worth $5,267,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DPZ. Andina Capital Management LLC raised its holdings in Domino’s Pizza by 3.1% during the fourth quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator’s stock worth $457,000 after buying an additional 33 shares during the last quarter. Diversify Advisory Services LLC grew its holdings in shares of Domino’s Pizza by 5.1% during the third quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator’s stock valued at $275,000 after buying an additional 33 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of 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 buying an additional 34 shares during the last quarter. Unified Investment Management increased its position in shares of Domino’s Pizza by 5.5% during the fourth quarter. Unified Investment Management now owns 745 shares of the restaurant operator’s stock worth $311,000 after acquiring an additional 39 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings in shares of Domino’s Pizza by 4.2% in the 4th quarter. Principal Securities Inc. now owns 1,078 shares of the restaurant operator’s stock worth $449,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $317.30 on Friday. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.48 and a beta of 0.94. Domino’s Pizza Inc has a 52-week low of $282.00 and a 52-week high of $458.29. The company has a 50-day simple moving average of $336.15 and a two-hundred day simple moving average of $342.49.

Domino’s Pizza (NASDAQ:DPZ) last announced 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). The business had revenue of $1.19 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.81 EPS. On average, sell-side analysts forecast that Domino’s Pizza Inc will post 18.88 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is 45.15%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price target on Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. TD Cowen increased their price objective on Domino’s Pizza from $310.00 to $320.00 and gave the stock a “hold” rating in a research note on Thursday. Oppenheimer dropped their target price on Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Evercore reaffirmed an “outperform” rating on shares of Domino’s Pizza in a research report on Thursday, July 9th. Finally, Wells Fargo & Company upped their price target on Domino’s Pizza from $325.00 to $350.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Sixteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $398.06.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, CEO Russell Weiner sold 10,850 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer owned 43,829 shares in the company, valued at $14,499,948.07. This represents a 19.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelly Garcia sold 12,430 shares of Domino’s Pizza stock in a transaction on 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 sale, the executive vice president owned 9,352 shares in the company, valued at $3,011,718.08. The trade was a 57.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 23,767 shares of company stock worth $7,737,107. Insiders own 0.89% of the company’s stock.

Domino’s Pizza Profile

Domino’s Pizza, Inc is a global restaurant company that operates and franchises stores under the Domino’s brand. Its core business centers on the preparation and delivery of made-to-order pizzas, with carryout and digital ordering also playing important roles in its customer service model.

The company’s menu includes a variety of pizzas, crusts and toppings, along with side dishes, chicken, sandwiches, desserts and beverages. Domino’s also operates a supply chain business that produces and distributes food, equipment and other products to company-owned and franchised stores, supporting consistency across its restaurant network.

Founded in 1960 in Ypsilanti, Michigan, Domino’s was initially known as Dominick’s before adopting its current name in 1965.