Assenagon Asset Management S.A. boosted its stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 50.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 13,878 shares of the restaurant operator's stock after acquiring an additional 4,680 shares during the period. Assenagon Asset Management S.A.'s holdings in Domino's Pizza were worth $4,108,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in DPZ. Jump Financial LLC purchased a new position in Domino's Pizza in the 2nd quarter worth approximately $3,183,000. Investment Management Corp of Ontario boosted its holdings in shares of Domino's Pizza by 68.3% during the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator's stock worth $718,000 after purchasing an additional 647 shares during the last quarter. Sei Investments Co. grew its position in shares of Domino's Pizza by 21.7% in the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator's stock valued at $36,480,000 after purchasing an additional 14,452 shares in the last quarter. Glenview Trust co grew its position in shares of Domino's Pizza by 36.9% in the second quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator's stock valued at $511,000 after purchasing an additional 306 shares in the last quarter. Finally, HUB Investment Partners LLC increased its holdings in shares of Domino's Pizza by 17.3% in the second quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator's stock valued at $596,000 after purchasing an additional 195 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on DPZ shares. Citigroup reduced their price target on Domino's Pizza from $365.00 to $335.00 and set a "neutral" rating on the stock in a report on Tuesday, July 7th. Weiss Ratings lowered shares of Domino's Pizza from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, May 29th. Jefferies Financial Group cut their price objective on shares of Domino's Pizza from $400.00 to $350.00 and set a "hold" rating for the company in a research report on Tuesday, April 28th. BTIG Research restated a "buy" rating and set a $425.00 price objective on shares of Domino's Pizza in a research report on Tuesday, July 21st. Finally, HSBC reduced their target price on shares of Domino's Pizza from $601.00 to $544.00 and set a "buy" rating on the stock in a research note on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Domino's Pizza presently has an average rating of "Moderate Buy" and a consensus target price of $397.42.
Get Our Latest Research Report on DPZ
Domino's Pizza Stock Performance
NASDAQ DPZ opened at $353.72 on Thursday. The firm has a 50 day simple moving average of $322.06 and a 200-day simple moving average of $350.57. Domino's Pizza Inc has a one year low of $282.00 and a one year high of $469.00. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.72 and a beta of 0.94.
Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.17 by ($0.10). The company had revenue of $1.19 billion during the quarter. Domino's Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $3.81 EPS. Equities analysts predict that Domino's Pizza Inc will post 18.88 EPS for the current fiscal year.
Domino's Pizza Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino's Pizza's dividend payout ratio is 45.15%.
Insider Activity at Domino's Pizza
In related news, CEO Russell J. Weiner sold 10,850 shares of the firm's stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the transaction, the chief executive officer owned 43,829 shares in the company, valued at $14,499,948.07. This trade represents a 19.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kelly E. Garcia sold 12,430 shares of the business's stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the sale, the executive vice president owned 9,352 shares of the company's stock, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 24,742 shares of company stock worth $8,041,746 over the last quarter. 0.89% of the stock is currently owned by insiders.
About Domino's Pizza
(
Free Report)
Domino’s Pizza, Inc NASDAQ: DPZ is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.
Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.
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