Domino's Pizza Inc $DPZ Stock: International Assets Investment Management LLC Raises Stake

Key Points

• International Assets Investment Management increased its Domino’s Pizza stake by 213.8% in the third quarter, to 4,760 shares valued at about $1.43 million. Institutional investors collectively own 94.63% of the company.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $380.87, though recent firms lowered targets; the stock opened at $323.09.
• Domino’s beat quarterly earnings expectations, reporting $4.60 per share versus $4.33 estimated, while revenue rose 3.4% year over year to $1.19 billion. The company also declared a $1.99 quarterly dividend.

International Assets Investment Management LLC raised its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 213.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,760 shares of the restaurant operator's stock after purchasing an additional 3,243 shares during the period. International Assets Investment Management LLC's holdings in Domino's Pizza were worth $1,426,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CoreCap Advisors LLC grew its holdings in Domino's Pizza by 17.0% in the 3rd quarter. CoreCap Advisors LLC now owns 262 shares of the restaurant operator's stock worth $79,000 after buying an additional 38 shares in the last quarter. Demars Financial Group LLC raised its stake in Domino's Pizza by 2.8% during the 3rd quarter. Demars Financial Group LLC now owns 1,537 shares of the restaurant operator's stock valued at $461,000 after acquiring an additional 42 shares in the last quarter. Pinnacle Bancorp Inc. raised its stake in Domino's Pizza by 121.6% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 82 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 45 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Domino's Pizza by 5.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 971 shares of the restaurant operator's stock worth $287,000 after acquiring an additional 50 shares during the period. Finally, Mufg Securities Americas Inc. boosted its position in Domino's Pizza by 7.2% during the 2nd quarter. Mufg Securities Americas Inc. now owns 922 shares of the restaurant operator's stock worth $273,000 after acquiring an additional 62 shares during the period. Institutional investors own 94.63% of the company's stock.

Analyst Ratings Changes

DPZ has been the subject of several recent analyst reports. Mizuho decreased their price target on Domino's Pizza from $420.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, October 14th. Berenberg Bank raised shares of Domino's Pizza to a "strong-buy" rating in a report on Monday, October 5th. Loop Capital cut shares of Domino's Pizza from a "buy" rating to a "hold" rating and set a $353.00 target price on the stock. in a research note on Monday, August 10th. Guggenheim dropped their price target on shares of Domino's Pizza from $440.00 to $325.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 23rd. Finally, Bank of America reduced their price target on shares of Domino's Pizza from $455.00 to $410.00 and set a "buy" rating for the company in a research note on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $380.87.

Domino's Pizza Trading Up 0.2%

NASDAQ DPZ opened at $323.09 on Wednesday. Domino's Pizza Inc has a 1 year low of $282.00 and a 1 year high of $442.35. The company has a market cap of $10.63 billion, a PE ratio of 17.80, a PEG ratio of 1.49 and a beta of 0.95. The stock's 50-day moving average price is $313.48 and its two-hundred day moving average price is $342.50.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 EPS for the quarter, topping the consensus estimate of $4.33 by $0.27. Domino's Pizza had a net margin of 12.03% and a negative return on equity of 15.48%. The company had revenue of $1.19 billion during the quarter. During the same quarter in the previous year, the business earned $4.08 earnings per share. The business's quarterly revenue was up 3.4% compared to the same quarter last year. Research analysts forecast that Domino's Pizza Inc will post 19.10 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be given a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, December 15th. Domino's Pizza's dividend payout ratio is 43.86%.

About Domino's Pizza

Domino's Pizza, Inc is a global restaurant company that operates and franchises Domino's-branded pizza stores. Its core business focuses on pizza delivery and carryout, supported by digital ordering platforms, delivery technology and a supply chain that provides food and related products to stores.

The company's menu includes a variety of pizzas, along with items such as chicken, sandwiches, pasta, bread products, desserts and beverages. Domino's serves customers through a combination of company-owned and franchised locations, with franchisees operating the majority of its stores.

Founded in 1960 when Tom and James Monaghan acquired a small Michigan pizzeria, the business adopted the Domino's name in 1965 and expanded through franchising.

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