Assenagon Asset Management S.A. Has $4.99 Million Position in Domino's Pizza Inc $DPZ

Key Points

• Assenagon Asset Management S.A. significantly increased its position in Domino's Pizza, boosting its stake by 108.7% to 11,080 shares, valued at approximately $4.99 million.
• Domino's Pizza reported a quarterly earnings per share (EPS) of $3.81, missing the consensus estimate of $3.93, despite a revenue increase of 4.3% year-over-year.
• Research analysts have a consensus rating of "Moderate Buy" for Domino's Pizza, with an average target price of $490.78.

Assenagon Asset Management S.A. boosted its stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 108.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,080 shares of the restaurant operator's stock after buying an additional 5,770 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Domino's Pizza were worth $4,993,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wood Tarver Financial Group LLC acquired a new position in shares of Domino's Pizza in the 4th quarter valued at about $25,000. Alpine Bank Wealth Management acquired a new position in shares of Domino's Pizza in the 1st quarter valued at about $25,000. LRI Investments LLC acquired a new position in shares of Domino's Pizza in the 1st quarter valued at about $27,000. Zions Bancorporation National Association UT acquired a new position in shares of Domino's Pizza in the 1st quarter valued at about $27,000. Finally, SVB Wealth LLC acquired a new position in shares of Domino's Pizza in the 1st quarter valued at about $36,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Loop Capital boosted their price objective on Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Redburn Atlantic began coverage on Domino's Pizza in a research note on Tuesday, June 10th. They set a "sell" rating and a $340.00 price target on the stock. Morgan Stanley upped their price target on Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Wells Fargo & Company upped their price target on Domino's Pizza from $465.00 to $490.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 22nd. Finally, UBS Group reaffirmed a "buy" rating and set a $540.00 price target on shares of Domino's Pizza in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $490.78.

Domino's Pizza Stock Up 0.3%

Shares of Domino's Pizza stock opened at $425.30 on Thursday. The company has a market cap of $14.44 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 2.32 and a beta of 1.09. Domino's Pizza Inc has a 52 week low of $397.12 and a 52 week high of $500.55. The business has a 50 day moving average price of $454.34 and a 200-day moving average price of $461.17.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing the consensus estimate of $3.93 by ($0.12). The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the company earned $4.03 earnings per share. As a group, research analysts anticipate that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $1.74 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $6.96 annualized dividend and a dividend yield of 1.6%. Domino's Pizza's dividend payout ratio is 40.42%.

Insider Activity at Domino's Pizza

In other news, Director James A. Goldman sold 1,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the sale, the director directly owned 3,384 shares of the company's stock, valued at $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.83% of the stock is currently owned by company insiders.

Domino's Pizza Company 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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