360,242 Shares in Domino’s Pizza Inc $DPZ Purchased by London Co. of Virginia

London Co. of Virginia acquired a new position in Domino’s Pizza Inc (NASDAQ:DPZ) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 360,242 shares of the restaurant operator’s stock, valued at approximately $129,253,000.

Other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Domino’s Pizza by 21,977.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after buying an additional 910,529 shares during the period. Norges Bank purchased a new position in Domino’s Pizza during the 4th quarter valued at $285,116,000. Arrowstreet Capital Limited Partnership boosted its holdings in Domino’s Pizza by 247.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock valued at $189,171,000 after acquiring an additional 375,709 shares during the period. Berkshire Hathaway Inc grew its position in Domino’s Pizza by 12.3% in the 4th quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock valued at $1,396,347,000 after acquiring an additional 368,055 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Domino’s Pizza by 672.6% in the 1st quarter. Renaissance Technologies LLC now owns 351,220 shares of the restaurant operator’s stock valued at $126,014,000 after acquiring an additional 305,760 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Trending Headlines about Domino’s Pizza

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

• Positive Sentiment: Wells Fargo raised its price target on Domino’s Pizza (DPZ) to $350, signaling improved expectations for the stock. Wells Fargo & Company Raises Domino’s Pizza (NASDAQ:DPZ) Price Target to $350.00
• Positive Sentiment: BTIG Research reiterated a Buy rating on Domino’s Pizza, reinforcing a favorable analyst outlook. Domino’s Pizza (NASDAQ:DPZ) Earns Buy Rating from BTIG Research
• Positive Sentiment: Consensus analyst coverage remains supportive, with Domino’s Pizza receiving an average “Moderate Buy” recommendation. Domino’s Pizza Inc (NASDAQ:DPZ) Receives Average Recommendation of “Moderate Buy” from Analysts
• Positive Sentiment: Several articles argue Domino’s may still be undervalued or trading at an attractive earnings multiple after stronger-than-expected Q2 revenue, which can support bullish sentiment. Is Domino’s Pizza (DPZ) Undervalued After Stronger Than Expected Q2 Revenue?
• Neutral Sentiment: A piece on Domino’s trading at a premium to cash flow but a discount to earnings suggests the stock may be fairly valued rather than clearly expensive or cheap. Dominos (DPZ) Stock May Trade At A Premium To Cash Flow But A Discount To Earnings
• Neutral Sentiment: A short-interest update noted zero reported shares and no meaningful days-to-cover reading, so it does not provide a clear new directional signal for the stock.
• Negative Sentiment: Oppenheimer issued a more cautious forecast for Domino’s Pizza, and BMO Capital trimmed its price target to $420, which could temper enthusiasm. Oppenheimer Issues Pessimistic Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price BMO Capital Markets Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $420.00

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 487 shares of the stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $297.01, for a total transaction of $144,643.87. Following the transaction, the executive vice president directly owned 9,352 shares in the company, valued at $2,777,637.52. This represents a 4.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 1,950 shares of company stock valued at $611,451 over the last ninety days. 0.89% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DPZ has been the subject of several research analyst reports. Evercore reiterated an “outperform” rating on shares of Domino’s Pizza in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Robert W. Baird reduced their price target on shares of Domino’s Pizza from $400.00 to $350.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. Gordon Haskett decreased their price objective on shares of Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Finally, Oppenheimer decreased their price objective on shares of Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $402.16.

Domino’s Pizza Stock Up 3.0%

Shares of NASDAQ DPZ opened at $332.97 on Friday. Domino’s Pizza Inc has a twelve month low of $282.00 and a twelve month high of $486.68. The firm has a market cap of $11.01 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97. The business has a fifty day simple moving average of $310.79 and a two-hundred day simple moving average of $355.47.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The firm had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.81 earnings per share. On average, research analysts expect that Domino’s Pizza Inc will post 18.89 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $1.99 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.4%. Domino’s Pizza’s dividend payout ratio is 45.15%.

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.