Asset Management One Co. Ltd. Increases Holdings in Domino’s Pizza Inc (NASDAQ:DPZ)

Asset Management One Co. Ltd. grew its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 0.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 13,883 shares of the restaurant operator’s stock after acquiring an additional 121 shares during the period. Asset Management One Co. Ltd.’s holdings in Domino’s Pizza were worth $6,379,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Sherman Asset Management Inc. purchased a new position in shares of Domino’s Pizza in the fourth quarter valued at about $25,000. Wood Tarver Financial Group LLC purchased a new position in shares of Domino’s Pizza in the fourth quarter valued at about $25,000. Brown Brothers Harriman & Co. lifted its position in shares of Domino’s Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 61 shares in the last quarter. Covestor Ltd lifted its position in shares of Domino’s Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Domino’s Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 26 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DPZ. Benchmark boosted their price objective on Domino’s Pizza from $520.00 to $535.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. Hsbc Global Res raised Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, April 22nd. Bank of America lifted their target price on Domino’s Pizza from $520.00 to $549.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Argus reaffirmed a “hold” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Tuesday, April 29th. Finally, BTIG Research set a $530.00 target price 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 issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $487.17.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $446.39 on Friday. Domino’s Pizza Inc has a fifty-two week low of $396.06 and a fifty-two week high of $516.37. The company has a market capitalization of $15.28 billion, a P/E ratio of 25.60, a P/E/G ratio of 2.54 and a beta of 1.11. The business’s 50-day moving average is $472.61 and its two-hundred day moving average is $457.65.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.12 billion. During the same period last year, the firm earned $3.58 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $1.74 per share. The ex-dividend date is Friday, June 13th. This represents a $6.96 annualized dividend and a yield of 1.56%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 39.91%.

Insiders Place Their Bets

In related news, EVP Reddy Sandeep sold 399 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. This represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.83% of the stock is owned by company insiders.

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.