Assenagon Asset Management S.A. Trims Stock Position in Domino’s Pizza Inc $DPZ

Assenagon Asset Management S.A. cut its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 17.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,769 shares of the restaurant operator’s stock after selling 4,046 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Domino’s Pizza were worth $7,823,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Johnson Financial Group Inc. boosted its stake in shares of Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 56 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in Domino’s Pizza during the 2nd quarter valued at approximately $42,000. MUFG Securities EMEA plc purchased a new position in shares of Domino’s Pizza during the 2nd quarter worth approximately $46,000. Smartleaf Asset Management LLC grew its holdings in shares of Domino’s Pizza by 64.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock worth $48,000 after acquiring an additional 43 shares during the period. Finally, Activest Wealth Management raised its position in shares of Domino’s Pizza by 411.5% in the 3rd quarter. Activest Wealth Management now owns 133 shares of the restaurant operator’s stock worth $58,000 after acquiring an additional 107 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Guggenheim dropped their price target on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $425.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 24th. Citigroup raised their price objective on Domino’s Pizza from $420.00 to $440.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. upgraded shares of Domino’s Pizza from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $460.00 to $450.00 in a report on Tuesday, February 24th. Finally, BTIG Research reaffirmed a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $475.71.

Domino’s Pizza Stock Down 2.9%

Domino’s Pizza stock opened at $348.14 on Friday. Domino’s Pizza Inc has a twelve month low of $346.39 and a twelve month high of $499.08. The company has a market capitalization of $11.71 billion, a P/E ratio of 19.81, a PEG ratio of 1.50 and a beta of 1.16. The stock’s 50 day moving average is $392.89 and its 200 day moving average is $410.05.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The company had revenue of $1.54 billion for the quarter. During the same period last year, the firm earned $4.89 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts expect that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be issued a dividend of $1.99 per share. The ex-dividend date is Friday, March 13th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 annualized dividend and a dividend yield of 2.3%. Domino’s Pizza’s dividend payout ratio is 45.30%.

About Domino’s Pizza

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.