Parallel Advisors LLC Raises Stock Holdings in Domino’s Pizza Inc $DPZ

Parallel Advisors LLC lifted its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 955.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,262 shares of the restaurant operator’s stock after acquiring an additional 10,195 shares during the period. Parallel Advisors LLC’s holdings in Domino’s Pizza were worth $4,041,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Berkshire Hathaway Inc raised its stake 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 purchasing an additional 368,055 shares during the last quarter. Soroban Capital Partners LP acquired a new stake in shares of Domino’s Pizza during the 1st quarter worth about $895,251,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of Domino’s Pizza by 0.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock worth $837,091,000 after buying an additional 7,497 shares in the last quarter. State Street Corp grew its holdings in shares of Domino’s Pizza by 3.8% during the fourth quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator’s stock worth $570,595,000 after buying an additional 49,613 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Domino’s Pizza by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator’s stock valued at $432,033,000 after buying an additional 19,019 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 12,430 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The stock was 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 directly owned 9,352 shares in the company, valued at $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 43,829 shares of the company’s stock, valued at $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 24,742 shares of company stock worth $8,041,746 over the last ninety days. Corporate insiders own 0.89% of the company’s stock.

Domino’s Pizza Stock Performance

DPZ opened at $366.61 on Thursday. The company’s 50 day simple moving average is $317.67 and its 200 day simple moving average is $352.15. Domino’s Pizza Inc has a 1 year low of $282.00 and a 1 year high of $469.00. The stock has a market capitalization of $12.13 billion, a PE ratio of 20.79, a P/E/G ratio of 1.77 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). The company 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 business’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business earned $3.81 earnings per share. As a group, sell-side analysts expect that Domino’s Pizza Inc will post 18.88 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 dividend yield of 2.2%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio is presently 45.15%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DPZ shares. Piper Sandler reduced their price objective on shares of Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Jefferies Financial Group lowered their target price on shares of Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a research note on Tuesday, April 28th. 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 report on Thursday, July 9th. Northcoast Research decreased their price objective on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Finally, Robert W. Baird decreased their price objective on Domino’s Pizza from $400.00 to $350.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. Eighteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus price target of $402.16.

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.