American National Bank raised its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ – Free Report) by 27.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,948 shares of the restaurant operator’s stock after buying an additional 643 shares during the period. American National Bank’s holdings in Domino’s Pizza were worth $993,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in DPZ. MV Capital Management Inc. boosted its stake in Domino’s Pizza by 281.0% during the first quarter. MV Capital Management Inc. now owns 80 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 59 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new position in shares of Domino’s Pizza in the 1st quarter worth approximately $30,000. KB Financial Partners LLC bought a new stake in shares of Domino’s Pizza in the 1st quarter worth approximately $32,000. OLD Mission Capital LLC acquired a new stake in Domino’s Pizza during the fourth quarter valued at approximately $42,000. Finally, Private Trust Co. NA raised its position in shares of Domino’s Pizza by 58.8% during the first quarter. Private Trust Co. NA now owns 135 shares of the restaurant operator’s stock worth $45,000 after purchasing an additional 50 shares during the period. 92.27% of the stock is owned by institutional investors and hedge funds.
Domino’s Pizza Stock Down 1.1 %
DPZ stock opened at $384.31 on Tuesday. Domino’s Pizza, Inc. has a twelve month low of $285.84 and a twelve month high of $409.95. The company has a market cap of $13.49 billion, a P/E ratio of 29.05, a PEG ratio of 2.18 and a beta of 0.85. The business has a fifty day moving average of $390.24 and a 200-day moving average of $342.79.
Domino’s Pizza Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $1.21 dividend. The ex-dividend date is Thursday, September 14th. This represents a $4.84 dividend on an annualized basis and a yield of 1.26%. Domino’s Pizza’s payout ratio is presently 36.58%.
Analysts Set New Price Targets
Several brokerages have recently commented on DPZ. Royal Bank of Canada raised their target price on Domino’s Pizza from $440.00 to $460.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 30th. Robert W. Baird increased their price objective on Domino’s Pizza from $360.00 to $390.00 in a report on Tuesday, July 25th. Stifel Nicolaus increased their price target on Domino’s Pizza from $350.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, July 20th. Citigroup raised their target price on shares of Domino’s Pizza from $405.00 to $431.00 and gave the company a “neutral” rating in a research note on Monday, July 24th. Finally, Jefferies Financial Group lifted their price objective on Domino’s Pizza from $325.00 to $375.00 and gave the stock a “hold” rating in a research note on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $396.14.
Insiders Place Their Bets
In other news, EVP Cynthia A. Headen sold 382 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $400.00, for a total value of $152,800.00. Following the transaction, the executive vice president now directly owns 4,333 shares in the company, valued at approximately $1,733,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 427 shares of company stock valued at $170,095. Company insiders own 0.76% of the company’s stock.
Domino’s Pizza Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.
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