Invesco Ltd. Acquires 200,622 Shares of Domino's Pizza Inc (NASDAQ:DPZ)

Key Points

• Invesco Ltd. increased its holdings in Domino's Pizza by 32.9%, owning 809,658 shares valued at approximately $371.99 million as of the recent SEC filing.
• Multiple analysts have commented on the stock, with a majority providing a "Moderate Buy" consensus and an average price target of $489.67, following mixed ratings across various firms.
• Domino's announced a quarterly dividend of $1.74 per share, translating to an annual yield of 1.6%, set to be paid to shareholders on September 30th.

Invesco Ltd. lifted its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 32.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 809,658 shares of the restaurant operator's stock after acquiring an additional 200,622 shares during the quarter. Invesco Ltd. owned approximately 2.36% of Domino's Pizza worth $371,997,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DPZ. Wood Tarver Financial Group LLC bought a new position in Domino's Pizza in the 4th quarter worth approximately $25,000. Alpine Bank Wealth Management bought a new position in Domino's Pizza in the 1st quarter worth approximately $25,000. LRI Investments LLC bought a new position in Domino's Pizza in the 1st quarter worth approximately $27,000. Zions Bancorporation National Association UT bought a new position in Domino's Pizza in the 1st quarter worth approximately $27,000. Finally, Covestor Ltd raised its position in Domino's Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 49 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino's Pizza Stock Performance

Shares of NASDAQ:DPZ traded up $0.67 during mid-day trading on Friday, reaching $451.26. 559,573 shares of the company's stock were exchanged, compared to its average volume of 771,996. The firm has a market capitalization of $15.32 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 2.47 and a beta of 1.09. The business's fifty day moving average price is $458.61 and its 200-day moving average price is $465.16. Domino's Pizza Inc has a twelve month low of $396.06 and a twelve month high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced 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). Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business earned $4.03 EPS. Domino's Pizza's quarterly revenue was up 4.3% on a year-over-year basis. Analysts predict that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, September 15th. Domino's Pizza's payout ratio is 40.42%.

Analysts Set New Price Targets

Several analysts have commented on DPZ shares. Bank of America upped their target price on shares of Domino's Pizza from $520.00 to $549.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Morgan Stanley upped their target price on shares of Domino's Pizza from $510.00 to $514.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Hsbc Global Res upgraded shares of Domino's Pizza to a "strong-buy" rating in a research report on Tuesday, April 22nd. UBS Group reiterated a "buy" rating and set a $540.00 target price on shares of Domino's Pizza in a research report on Tuesday, July 22nd. Finally, Redburn Atlantic initiated coverage on shares of Domino's Pizza in a research report on Tuesday, June 10th. They issued a "sell" rating and a $340.00 price objective for the company. 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 issued a strong buy rating to the company. According to data from MarketBeat, Domino's Pizza currently has a consensus rating of "Moderate Buy" and a consensus target price of $489.67.

Domino's Pizza 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.