Arbejdsmarkedets Tillaegspension Invests $23.24 Million in Domino’s Pizza Inc $DPZ

Arbejdsmarkedets Tillaegspension purchased a new position in Domino’s Pizza Inc (NASDAQ:DPZ) in the fourth quarter, Holdings Channel.com reports. The firm purchased 55,751 shares of the restaurant operator’s stock, valued at approximately $23,238,000.

Other hedge funds have also recently made changes to their positions in the company. Johnson Financial Group Inc. grew its position in Domino’s Pizza by 200.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 56 shares during the period. MUFG Securities EMEA plc bought a new position in shares of Domino’s Pizza during the 2nd quarter valued at $46,000. Smartleaf Asset Management LLC increased its position in Domino’s Pizza by 64.2% during the third quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 43 shares during the last quarter. Activest Wealth Management increased its position in Domino’s Pizza by 411.5% during the third quarter. Activest Wealth Management now owns 133 shares of the restaurant operator’s stock valued at $58,000 after acquiring an additional 107 shares during the last quarter. Finally, Atlantic Union Bankshares Corp grew its stake in shares of Domino’s Pizza by 85.5% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 141 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 65 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Price Performance

NASDAQ:DPZ opened at $302.29 on Friday. The company has a market cap of $10.05 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.41 and a beta of 1.02. Domino’s Pizza Inc has a 1 year low of $302.12 and a 1 year high of $499.08. The stock’s 50 day simple moving average is $361.95 and its two-hundred day simple moving average is $392.49.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The business had revenue of $1.15 billion during the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $4.33 earnings per share. As a group, analysts anticipate that Domino’s Pizza Inc will post 19.15 EPS for the current year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $1.99 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.6%. Domino’s Pizza’s payout ratio is currently 45.83%.

Insiders Place Their Bets

In related news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $332.31, for a total value of $162,167.28. Following the completion of the sale, the executive vice president directly owned 9,352 shares in the company, valued at $3,107,763.12. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.89% of the company’s stock.

Analysts Set New Price Targets

DPZ has been the topic of several analyst reports. William Blair set a $540.00 price target on shares of Domino’s Pizza in a research note on Monday, February 23rd. Benchmark decreased their target price on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Gordon Haskett lowered their target price on Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. BMO Capital Markets lowered their price objective on Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. Finally, Morgan Stanley reduced their target price on shares of Domino’s Pizza from $430.00 to $395.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $419.74.

Domino’s Pizza 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.