US Bancorp DE Has $3.28 Million Holdings in Domino's Pizza Inc (NASDAQ:DPZ)

Key Points

• US Bancorp DE increased its stake in Domino's Pizza by 9.1% in the first quarter, owning 7,144 shares valued at approximately $3.28 million.
• Domino's Pizza reported earnings of $3.81 per share, missing the expected estimate by $0.12, while achieving a revenue of $1.15 billion, marking a 4.3% year-over-year growth.
• The company announced a quarterly dividend of $1.74, with a payout ratio of 40.42%, reflecting an annualized dividend of $6.96 and a yield of 1.6%.

US Bancorp DE grew its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,144 shares of the restaurant operator's stock after purchasing an additional 593 shares during the quarter. US Bancorp DE's holdings in Domino's Pizza were worth $3,282,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of DPZ. Praxis Investment Management Inc. purchased a new position in shares of Domino's Pizza during the first quarter valued at approximately $414,000. Sowell Financial Services LLC purchased a new stake in shares of Domino's Pizza in the first quarter worth about $282,000. Merit Financial Group LLC grew its position in Domino's Pizza by 88.5% in the first quarter. Merit Financial Group LLC now owns 1,591 shares of the restaurant operator's stock valued at $731,000 after acquiring an additional 747 shares in the last quarter. GAMMA Investing LLC increased its stake in Domino's Pizza by 53,740.4% during the 1st quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock worth $119,480,000 after buying an additional 259,566 shares during the period. Finally, Cornerstone Wealth Group LLC grew its stake in Domino's Pizza by 41.0% during the 1st quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator's stock valued at $9,381,000 after purchasing an additional 5,939 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DPZ shares. BTIG Research set a $530.00 target price on shares of Domino's Pizza and gave the stock a "buy" rating in a research report on Monday, April 28th. Benchmark upped their target price on shares of Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Redburn Atlantic started coverage on shares of Domino's Pizza in a report on Tuesday, June 10th. They issued a "sell" rating and a $340.00 price objective for the company. Loop Capital increased their target price on shares of Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Finally, Melius assumed coverage on Domino's Pizza in a report on Monday, July 14th. They set a "hold" rating and a $500.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Domino's Pizza has a consensus rating of "Moderate Buy" and an average price target of $489.67.

Domino's Pizza Price Performance

Shares of DPZ traded down $1.36 during trading hours on Thursday, hitting $442.42. The stock had a trading volume of 645,398 shares, compared to its average volume of 785,165. The stock has a market capitalization of $15.02 billion, a price-to-earnings ratio of 25.77, a P/E/G ratio of 2.43 and a beta of 1.09. Domino's Pizza Inc has a 52 week low of $396.06 and a 52 week high of $500.55. The company's fifty day moving average is $461.70 and its two-hundred day moving average is $464.72.

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

Domino's Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $1.74 dividend. The ex-dividend date is Monday, September 15th. This represents a $6.96 annualized dividend and a yield of 1.6%. Domino's Pizza's dividend payout ratio (DPR) is 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.