Assenagon Asset Management S.A. Takes $2.44 Million Position in Domino's Pizza Inc (NASDAQ:DPZ)

Assenagon Asset Management S.A. bought a new stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,310 shares of the restaurant operator's stock, valued at approximately $2,440,000.

Other institutional investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. lifted its stake in Domino's Pizza by 2.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator's stock valued at $486,000 after purchasing an additional 23 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Domino's Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after purchasing an additional 26 shares during the last quarter. Larson Financial Group LLC lifted its stake in Domino's Pizza by 2.8% in the fourth quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator's stock valued at $427,000 after purchasing an additional 28 shares during the last quarter. M&T Bank Corp lifted its stake in Domino's Pizza by 1.0% in the fourth quarter. M&T Bank Corp now owns 3,172 shares of the restaurant operator's stock valued at $1,332,000 after purchasing an additional 30 shares during the last quarter. Finally, Level Four Advisory Services LLC lifted its stake in Domino's Pizza by 3.3% in the fourth quarter. Level Four Advisory Services LLC now owns 979 shares of the restaurant operator's stock valued at $411,000 after purchasing an additional 31 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

Insider Activity at Domino's Pizza

In other news, EVP Reddy Sandeep sold 399 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares of the company's stock, valued at approximately $4,046,848.08. This trade represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.83% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Benchmark upped their price objective on Domino's Pizza from $520.00 to $535.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Barclays dropped their price objective on Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. Argus restated a "hold" rating and set a $490.00 target price on shares of Domino's Pizza in a research report on Tuesday, April 29th. BMO Capital Markets increased their target price on Domino's Pizza from $515.00 to $540.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Finally, Robert W. Baird increased their target price on Domino's Pizza from $500.00 to $535.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $487.17.

Domino's Pizza Stock Performance

DPZ traded down $12.01 during trading on Thursday, reaching $446.77. The stock had a trading volume of 585,394 shares, compared to its average volume of 636,290. The stock has a market cap of $15.30 billion, a PE ratio of 25.62, a PEG ratio of 2.54 and a beta of 1.11. Domino's Pizza Inc has a one year low of $396.06 and a one year high of $535.26. The business has a 50-day moving average of $474.27 and a 200-day moving average of $457.98.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating analysts' consensus estimates of $4.12 by $0.21. The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.12 billion. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The firm's revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.58 earnings per share. Equities research analysts forecast that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $1.74 dividend. The ex-dividend date is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a yield of 1.56%. Domino's Pizza's dividend payout ratio is presently 39.91%.

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.