Andra AP fonden Acquires 24,700 Shares of Domino’s Pizza Inc $DPZ

Andra AP fonden lifted its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 75.3% during the third quarter, HoldingsChannel reports. The firm owned 57,500 shares of the restaurant operator’s stock after acquiring an additional 24,700 shares during the quarter. Andra AP fonden’s holdings in Domino’s Pizza were worth $24,823,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DPZ. Norges Bank bought a new stake in Domino’s Pizza during the 2nd quarter worth approximately $202,680,000. Sterling Capital Management LLC lifted its stake in Domino’s Pizza by 2,076.8% in the second quarter. Sterling Capital Management LLC now owns 180,084 shares of the restaurant operator’s stock valued at $81,146,000 after buying an additional 171,811 shares in the last quarter. Bank of Nova Scotia lifted its stake in Domino’s Pizza by 1,891.7% in the second quarter. Bank of Nova Scotia now owns 71,920 shares of the restaurant operator’s stock valued at $32,400,000 after buying an additional 68,309 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Domino’s Pizza by 25.4% in the second quarter. Bank of New York Mellon Corp now owns 330,443 shares of the restaurant operator’s stock valued at $148,898,000 after buying an additional 67,023 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Domino’s Pizza by 658.3% during the third quarter. SG Americas Securities LLC now owns 61,481 shares of the restaurant operator’s stock worth $26,542,000 after acquiring an additional 53,373 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Insider Transactions at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 4,870 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value of $2,113,872.20. Following the completion of the sale, the executive vice president directly owned 6,744 shares in the company, valued at approximately $2,927,300.64. This trade represents a 41.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

DPZ has been the topic of a number of research analyst reports. William Blair set a $540.00 price objective on shares of Domino’s Pizza in a report on Monday. Stifel Nicolaus lowered their target price on Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating for the company in a report on Wednesday, January 7th. Citigroup lifted their price target on Domino’s Pizza from $420.00 to $440.00 and gave the company a “neutral” rating in a research note on Tuesday. Royal Bank Of Canada restated a “sector perform” rating and issued a $425.00 price target on shares of Domino’s Pizza in a report on Tuesday. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $445.00 price objective on shares of Domino’s Pizza in a research report on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Domino’s Pizza has a consensus rating of “Hold” and an average price target of $475.71.

Domino’s Pizza Trading Down 1.2%

NASDAQ DPZ opened at $399.29 on Friday. Domino’s Pizza Inc has a 12 month low of $370.70 and a 12 month high of $500.55. The stock has a 50 day moving average of $404.95 and a 200-day moving average of $419.98. The company has a market cap of $13.43 billion, a PE ratio of 22.73, a PEG ratio of 1.79 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.38 by ($0.03). The firm had revenue of $1.54 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.89 earnings per share. As a group, sell-side analysts predict that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be issued a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.74. Domino’s Pizza’s payout ratio is currently 39.61%.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.