Ameriprise Financial Inc. Grows Stock Position in Domino's Pizza Inc $DPZ

Key Points

• Ameriprise Financial Inc. increased its stake in Domino's Pizza by 7.9%, owning approximately $47.8 million worth of shares, highlighting significant institutional interest in the company.
• Domino's Pizza recently declared a quarterly dividend of $1.74 per share, with a yield of 1.6%, reinforcing its commitment to returning value to shareholders.
• Analysts have been optimistic about Domino's stock, raising price targets and giving it a consensus rating of "Moderate Buy" with an average target price of $490.78.

Ameriprise Financial Inc. boosted its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 7.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 104,003 shares of the restaurant operator's stock after acquiring an additional 7,654 shares during the quarter. Ameriprise Financial Inc. owned about 0.30% of Domino's Pizza worth $47,784,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alpine Bank Wealth Management acquired a new stake in shares of Domino's Pizza in the first quarter worth $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. Wood Tarver Financial Group LLC acquired a new position in shares of Domino's Pizza in the 4th quarter valued at about $25,000. Finally, Cary Street Partners Financial LLC acquired a new position in shares of Domino's Pizza in the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Insider Activity at Domino's Pizza

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DPZ shares. Benchmark boosted their price target on Domino's Pizza from $535.00 to $540.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Sanford C. Bernstein upped their price target on Domino's Pizza from $460.00 to $490.00 and gave the stock a "market perform" rating in a report on Tuesday, July 22nd. Guggenheim lifted their target price on shares of Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a research report on Wednesday. UBS Group reissued a "buy" rating and set a $540.00 target price on shares of Domino's Pizza in a report on Tuesday, July 22nd. Finally, Morgan Stanley increased their target price on Domino's Pizza from $510.00 to $514.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $490.78.

Domino's Pizza Trading Up 2.1%

DPZ stock traded up $9.34 during midday trading on Friday, hitting $458.30. 430,487 shares of the company's stock were exchanged, compared to its average volume of 654,449. The business has a 50-day simple moving average of $458.21 and a two-hundred day simple moving average of $464.55. The stock has a market capitalization of $15.56 billion, a PE ratio of 26.61, a P/E/G ratio of 2.51 and a beta of 1.09. Domino's Pizza Inc has a 1-year low of $396.06 and a 1-year high of $500.55.

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

Domino's Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, September 15th. Domino's Pizza's dividend payout ratio (DPR) is currently 40.42%.

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.