Crewe Advisors LLC Makes New Investment in Domino’s Pizza, Inc. (NYSE:DPZ)

Crewe Advisors LLC purchased a new position in Domino’s Pizza, Inc. (NYSE:DPZ) during the 1st quarter, HoldingsChannel reports. The firm purchased 73 shares of the restaurant operator’s stock, valued at approximately $36,000.

Other institutional investors also recently added to or reduced their stakes in the company. Natixis grew its holdings in shares of Domino’s Pizza by 62.0% during the 1st quarter. Natixis now owns 3,255 shares of the restaurant operator’s stock worth $1,617,000 after purchasing an additional 1,246 shares in the last quarter. RB Capital Management LLC acquired a new stake in shares of Domino’s Pizza during the 1st quarter worth approximately $202,000. Bessemer Group Inc. grew its holdings in shares of Domino’s Pizza by 34.9% during the 1st quarter. Bessemer Group Inc. now owns 4,950 shares of the restaurant operator’s stock worth $2,460,000 after purchasing an additional 1,280 shares in the last quarter. UniSuper Management Pty Ltd grew its holdings in shares of Domino’s Pizza by 429.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 2,481 shares of the restaurant operator’s stock worth $1,233,000 after purchasing an additional 2,012 shares in the last quarter. Finally, Invesco LLC acquired a new stake in shares of Domino’s Pizza during the 1st quarter worth approximately $211,000. 94.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DPZ has been the topic of several recent research reports. Benchmark decreased their price objective on Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a report on Monday. TD Securities reaffirmed a “buy” rating and issued a $580.00 price target on shares of Domino’s Pizza in a research note on Thursday, May 16th. TD Cowen reaffirmed a “buy” rating and issued a $610.00 price target on shares of Domino’s Pizza in a research note on Thursday, July 18th. BMO Capital Markets decreased their price target on Domino’s Pizza from $575.00 to $525.00 and set an “outperform” rating on the stock in a research note on Friday, July 19th. Finally, Morgan Stanley boosted their price target on Domino’s Pizza from $485.00 to $515.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $517.39.

Domino’s Pizza Price Performance

Shares of DPZ stock traded up $0.44 on Thursday, reaching $425.17. 951,669 shares of the stock were exchanged, compared to its average volume of 592,692. The stock has a market cap of $14.87 billion, a PE ratio of 27.75, a P/E/G ratio of 2.22 and a beta of 0.87. Domino’s Pizza, Inc. has a one year low of $330.05 and a one year high of $542.75. The stock has a 50 day moving average price of $498.75 and a 200 day moving average price of $473.58.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.08 earnings per share. On average, research analysts expect that Domino’s Pizza, Inc. will post 16.17 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $1.51 per share. The ex-dividend date is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.42%. Domino’s Pizza’s payout ratio is currently 39.43%.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the transaction, the chief executive officer now owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Cynthia A. Headen sold 745 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at $2,073,473. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the sale, the chief executive officer now directly owns 32,001 shares in the company, valued at approximately $16,844,366.37. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.

About Domino’s Pizza

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.