PNC Financial Services Group Inc. Buys 78 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

PNC Financial Services Group Inc. raised its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,468 shares of the restaurant operator’s stock after acquiring an additional 78 shares during the period. PNC Financial Services Group Inc.’s holdings in Domino’s Pizza were worth $3,903,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC purchased a new position in Domino’s Pizza during the fourth quarter worth about $25,000. Creative Financial Designs Inc. ADV boosted its stake in shares of Domino’s Pizza by 127.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock worth $34,000 after buying an additional 46 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Domino’s Pizza by 41.8% in the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 33 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Domino’s Pizza during the third quarter valued at approximately $49,000. Finally, Parkside Financial Bank & Trust lifted its holdings in Domino’s Pizza by 67.4% during the third quarter. Parkside Financial Bank & Trust now owns 149 shares of the restaurant operator’s stock worth $56,000 after acquiring an additional 60 shares during the period. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Up 0.3 %

DPZ stock opened at $533.64 on Thursday. The company’s 50 day moving average is $509.72 and its 200 day moving average is $459.49. The stock has a market cap of $18.61 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 2.63 and a beta of 0.85. Domino’s Pizza, Inc. has a 1-year low of $313.87 and a 1-year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the firm earned $2.93 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Domino’s Pizza, Inc. will post 16 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.13%. The ex-dividend date is Friday, June 14th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 39.43%.

Insiders Place Their Bets

In related 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 transaction, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at approximately $2,073,473. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Cynthia A. Headen sold 745 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction of $395,073.50. Following the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $2,073,473. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the transaction, the executive vice president now owns 3,910 shares in the company, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. Insiders sold a total of 12,633 shares of company stock valued at $6,649,181 over the last 90 days. Insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on DPZ shares. Deutsche Bank Aktiengesellschaft upped their price objective on Domino’s Pizza from $555.00 to $580.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Robert W. Baird raised their price objective on shares of Domino’s Pizza from $510.00 to $530.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. Piper Sandler boosted their target price on shares of Domino’s Pizza from $400.00 to $435.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Benchmark increased their target price on shares of Domino’s Pizza from $510.00 to $575.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Finally, HSBC lifted their price target on shares of Domino’s Pizza from $507.00 to $583.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus target price of $525.66.

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.