Resona Asset Management Co. Ltd. Raises Position in Domino's Pizza Inc $DPZ

Key Points

• Resona Asset Management Co. Ltd. has increased its holdings in Domino's Pizza by 13.6%, owning approximately 28,529 shares valued at $12.99 million.
• Domino's Pizza reported a quarterly earnings per share (EPS) of $3.81, which fell short of analysts' expectations of $3.93, although revenue saw a 4.3% increase year-over-year.
• The company declared a quarterly dividend of $1.74 per share, which equates to an annualized dividend of $6.96 with a yield of 1.5%.

Resona Asset Management Co. Ltd. increased its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 13.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,529 shares of the restaurant operator's stock after acquiring an additional 3,424 shares during the quarter. Resona Asset Management Co. Ltd. owned about 0.08% of Domino's Pizza worth $12,990,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in DPZ. Rathbones Group PLC raised its position in shares of Domino's Pizza by 8.9% during the 1st quarter. Rathbones Group PLC now owns 610 shares of the restaurant operator's stock valued at $280,000 after acquiring an additional 50 shares during the last quarter. HighTower Advisors LLC increased its holdings in Domino's Pizza by 6.0% in the first quarter. HighTower Advisors LLC now owns 8,978 shares of the restaurant operator's stock valued at $4,125,000 after purchasing an additional 510 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in Domino's Pizza by 7.9% in the first quarter. Public Sector Pension Investment Board now owns 4,647 shares of the restaurant operator's stock valued at $2,135,000 after buying an additional 342 shares during the period. Independent Advisor Alliance boosted its holdings in Domino's Pizza by 109.2% during the first quarter. Independent Advisor Alliance now owns 1,726 shares of the restaurant operator's stock worth $793,000 after buying an additional 901 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Domino's Pizza during the 1st quarter worth about $45,344,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DPZ shares. Morgan Stanley increased their price target 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. Argus reissued a "hold" rating and issued a $490.00 price target on shares of Domino's Pizza in a report on Tuesday, April 29th. Citigroup boosted their target price on Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Robert W. Baird raised their price target on Domino's Pizza from $500.00 to $535.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Finally, Barclays boosted their price objective on Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Domino's Pizza has an average rating of "Moderate Buy" and an average target price of $489.67.

Domino's Pizza Price Performance

Domino's Pizza stock traded down $0.11 during mid-day trading on Monday, hitting $451.15. The company's stock had a trading volume of 263,468 shares, compared to its average volume of 642,455. The business has a 50 day moving average price of $458.61 and a 200-day moving average price of $465.53. Domino's Pizza Inc has a 12 month low of $396.06 and a 12 month high of $500.55. The stock has a market cap of $15.32 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09.

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

Domino's Pizza Dividend Announcement

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

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.