Domino's Pizza Inc $DPZ Shares Sold by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management cut its stake in Domino's by 23.8% in Q4, selling 4,721 shares and leaving 15,103 shares valued at about $6.295 million.
• Domino's reported Q1 EPS of $4.13, missing the $4.29 consensus and down from $4.33 a year earlier while revenue rose 3.5%; several analysts have trimmed price targets and MarketBeat's consensus rating is a Hold with an average target of $421.35.
• The company announced a quarterly dividend of $1.99 per share (annualized $7.96), with an ex-dividend date of June 15 and a yield of roughly 2.4%.

Pictet Asset Management Holding SA reduced its stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 23.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,103 shares of the restaurant operator's stock after selling 4,721 shares during the period. Pictet Asset Management Holding SA's holdings in Domino's Pizza were worth $6,295,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Huntleigh Advisors Inc. raised its position in shares of Domino's Pizza by 5.0% during the 4th quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator's stock worth $221,000 after purchasing an additional 25 shares during the last quarter. Lafayette Investments Inc. raised its position in shares of Domino's Pizza by 2.8% during the 3rd quarter. Lafayette Investments Inc. now owns 955 shares of the restaurant operator's stock worth $412,000 after purchasing an additional 26 shares during the last quarter. Ritholtz Wealth Management raised its position in shares of Domino's Pizza by 1.1% during the 3rd quarter. Ritholtz Wealth Management now owns 2,382 shares of the restaurant operator's stock worth $1,028,000 after purchasing an additional 27 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Domino's Pizza by 2.9% during the 3rd quarter. Parallel Advisors LLC now owns 965 shares of the restaurant operator's stock worth $417,000 after purchasing an additional 27 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Domino's Pizza by 1.2% during the 3rd quarter. Bessemer Group Inc. now owns 2,317 shares of the restaurant operator's stock worth $1,000,000 after purchasing an additional 28 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DPZ has been the subject of a number of analyst reports. Guggenheim cut their price objective on shares of Domino's Pizza from $450.00 to $440.00 and set a "neutral" rating for the company in a research report on Wednesday, February 25th. Argus raised shares of Domino's Pizza to a "hold" rating in a research report on Monday, March 9th. 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. Barclays cut their price objective on shares of Domino's Pizza from $370.00 to $315.00 and set an "underweight" rating for the company in a research report on Monday, April 27th. Finally, The Goldman Sachs Group cut their price objective on shares of Domino's Pizza from $480.00 to $430.00 and set a "buy" rating for the company in a research report on Tuesday, April 28th. Seventeen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Domino's Pizza presently has an average rating of "Hold" and an average target price of $421.35.

Domino's Pizza Stock Performance

Domino's Pizza stock opened at $337.77 on Monday. Domino's Pizza Inc has a 1 year low of $326.54 and a 1 year high of $499.08. The firm has a 50 day moving average price of $377.36 and a 200 day moving average price of $398.81. The company has a market cap of $11.23 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 1.56 and a beta of 1.02.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.29 by ($0.16). Domino's Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The company had revenue of $1.15 billion during the quarter. During the same period last year, the firm posted $4.33 EPS. The business's revenue for the quarter was up 3.5% compared to the same quarter last year. Sell-side analysts predict that Domino's Pizza Inc will post 19.22 EPS for the current year.

Domino's Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, June 15th. Domino's Pizza's dividend payout ratio is presently 45.83%.

About Domino's Pizza

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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