Geode Capital Management LLC Boosts Holdings in Domino’s Pizza Inc $DPZ

Geode Capital Management LLC lifted its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,026,391 shares of the restaurant operator’s stock after purchasing an additional 19,019 shares during the period. Geode Capital Management LLC’s holdings in Domino’s Pizza were worth $432,033,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Employees Retirement System of Texas purchased a new stake in shares of Domino’s Pizza in the 4th quarter worth about $504,000. Harbour Investments Inc. lifted its position in shares of Domino’s Pizza by 3,701.5% in the 4th quarter. Harbour Investments Inc. now owns 2,547 shares of the restaurant operator’s stock worth $1,062,000 after purchasing an additional 2,480 shares during the period. Allstate Corp lifted its position in shares of Domino’s Pizza by 93.3% in the 4th quarter. Allstate Corp now owns 2,032 shares of the restaurant operator’s stock worth $847,000 after purchasing an additional 981 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Domino’s Pizza by 97.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 34 shares during the period. Finally, Fisher Asset Management LLC lifted its position in shares of Domino’s Pizza by 18.0% in the 4th quarter. Fisher Asset Management LLC now owns 34,632 shares of the restaurant operator’s stock worth $14,436,000 after purchasing an additional 5,282 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DPZ. Guggenheim dropped their target price on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. HSBC lowered their price target on shares of Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Domino’s Pizza from $480.00 to $435.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. TD Cowen lowered their price target on shares of Domino’s Pizza from $377.00 to $350.00 and set a “hold” rating for the company in a research report on Wednesday, May 27th. Finally, UBS Group lowered their price target on shares of Domino’s Pizza from $480.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $418.13.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $310.56 on Monday. Domino’s Pizza Inc has a 1 year low of $297.48 and a 1 year high of $496.00. The stock has a market cap of $10.33 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98. The firm has a 50-day moving average of $344.86 and a 200 day moving average of $385.87.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The business had revenue of $1.15 billion for the quarter. During the same period in the prior year, the business posted $4.33 earnings per share. Domino’s Pizza’s revenue for the quarter was up 3.5% compared to the same quarter last year. Research analysts expect that Domino’s Pizza Inc will post 19.14 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.83%.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $313.16, for a total transaction of $152,822.08. Following the completion of the sale, the executive vice president directly owned 9,352 shares in the company, valued at approximately $2,928,672.32. This trade represents a 4.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.89% of the company’s stock.

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.