Mirae Asset Global Investments Co. Ltd. Has $2.03 Million Stake in Domino's Pizza Inc (NASDAQ:DPZ)

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 76.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,539 shares of the restaurant operator's stock after selling 14,716 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Domino's Pizza were worth $2,030,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wood Tarver Financial Group LLC acquired a new position in Domino's Pizza in the fourth quarter valued at about $25,000. Alpine Bank Wealth Management acquired a new stake in shares of Domino's Pizza during the first quarter worth about $25,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Domino's Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 61 shares in the last quarter. Covestor Ltd increased its stake in Domino's Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Domino's Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 26 shares in the last quarter. Institutional investors own 94.63% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Stephens reiterated an "equal weight" rating and issued a $440.00 price target on shares of Domino's Pizza in a report on Wednesday, April 2nd. Loop Capital upped their target price on shares of Domino's Pizza from $555.00 to $564.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Argus reissued a "hold" rating and issued a $490.00 price target on shares of Domino's Pizza in a research note on Tuesday, April 29th. Robert W. Baird boosted their price target on Domino's Pizza from $500.00 to $535.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Finally, BTIG Research set a $530.00 price objective on Domino's Pizza and gave the stock a "buy" rating in a report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $487.17.

Domino's Pizza Stock Up 0.5%

Shares of DPZ stock traded up $2.06 on Friday, reaching $456.00. The stock had a trading volume of 390,501 shares, compared to its average volume of 641,754. Domino's Pizza Inc has a 12 month low of $396.06 and a 12 month high of $509.09. The firm has a market capitalization of $15.61 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 2.58 and a beta of 1.09. The firm's 50-day moving average is $470.41 and its two-hundred day moving average is $457.61.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.21. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the company earned $3.58 earnings per share. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, sell-side analysts forecast that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.53%. The ex-dividend date was Friday, June 13th. Domino's Pizza's dividend payout ratio is 39.91%.

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.