Ted Buchan & Co Takes $207,000 Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Ted Buchan & Co acquired a new stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 400 shares of the restaurant operator’s stock, valued at approximately $207,000.

Several other large investors also recently added to or reduced their stakes in the business. Truist Financial Corp boosted its stake in Domino’s Pizza by 6.4% during the second quarter. Truist Financial Corp now owns 16,813 shares of the restaurant operator’s stock valued at $8,681,000 after buying an additional 1,011 shares during the period. Quarry LP boosted its stake in Domino’s Pizza by 480.9% during the second quarter. Quarry LP now owns 395 shares of the restaurant operator’s stock valued at $204,000 after buying an additional 327 shares during the period. Wellington Wealth Strategies LLC. bought a new stake in Domino’s Pizza during the second quarter valued at $470,000. Sunbelt Securities Inc. boosted its stake in Domino’s Pizza by 61.9% during the second quarter. Sunbelt Securities Inc. now owns 1,376 shares of the restaurant operator’s stock valued at $711,000 after buying an additional 526 shares during the period. Finally, Creative Planning boosted its stake in Domino’s Pizza by 10.4% during the second quarter. Creative Planning now owns 2,597 shares of the restaurant operator’s stock valued at $1,341,000 after buying an additional 244 shares during the period. Institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DPZ. Stephens dropped their price target on Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft dropped their price target on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Baird R W raised Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 8th. TD Cowen dropped their price target on Domino’s Pizza from $520.00 to $475.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Finally, Benchmark dropped their price target on Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $506.28.

Domino’s Pizza Stock Performance

DPZ stock opened at $430.13 on Tuesday. Domino’s Pizza, Inc. has a fifty-two week low of $330.05 and a fifty-two week high of $542.75. The business’s 50 day moving average price is $422.81 and its two-hundred day moving average price is $471.86. The company has a market capitalization of $15.00 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 2.21 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the firm posted $3.08 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Sell-side analysts forecast that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $1.51 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $6.04 annualized dividend and a yield of 1.40%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

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.