Domino’s Pizza Inc $DPZ Shares Bought by Bank of Nova Scotia

Bank of Nova Scotia boosted its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 1,891.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,920 shares of the restaurant operator’s stock after buying an additional 68,309 shares during the quarter. Bank of Nova Scotia’s holdings in Domino’s Pizza were worth $32,400,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Baker Avenue Asset Management LP boosted its position in shares of Domino’s Pizza by 1.6% during the 2nd quarter. Baker Avenue Asset Management LP now owns 3,331 shares of the restaurant operator’s stock worth $1,501,000 after purchasing an additional 52 shares during the period. Federated Hermes Inc. boosted its position in shares of Domino’s Pizza by 35.4% during the second quarter. Federated Hermes Inc. now owns 93,173 shares of the restaurant operator’s stock worth $41,984,000 after buying an additional 24,363 shares during the period. Jump Financial LLC acquired a new stake in shares of Domino’s Pizza in the second quarter valued at $3,183,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of Domino’s Pizza by 8.8% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 469 shares of the restaurant operator’s stock valued at $211,000 after buying an additional 38 shares in the last quarter. Finally, StoneX Group Inc. raised its holdings in shares of Domino’s Pizza by 71.8% in the 2nd quarter. StoneX Group Inc. now owns 1,165 shares of the restaurant operator’s stock valued at $525,000 after buying an additional 487 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DPZ has been the subject of a number of research analyst reports. Barclays lowered their target price on Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating for the company in a report on Wednesday, October 8th. Guggenheim raised their price objective on shares of Domino’s Pizza from $485.00 to $490.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. Royal Bank Of Canada cut their target price on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 15th. Sanford C. Bernstein reiterated a “market perform” rating and set a $490.00 target price on shares of Domino’s Pizza in a report on Tuesday, December 2nd. Finally, BTIG Research restated a “buy” rating and issued a $530.00 price target on shares of Domino’s Pizza in a research note on Friday, November 14th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus price target of $490.40.

Domino’s Pizza Stock Up 0.5%

NASDAQ DPZ opened at $418.47 on Tuesday. Domino’s Pizza Inc has a 52 week low of $392.89 and a 52 week high of $500.55. The firm has a 50 day moving average of $413.69 and a two-hundred day moving average of $441.42. The stock has a market capitalization of $14.14 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $4.19 EPS. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be given a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, December 15th. Domino’s Pizza’s dividend payout ratio is currently 40.68%.

About Domino’s Pizza

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.