5,310 Shares in Domino’s Pizza, Inc. (NASDAQ:DPZ) Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,310 shares of the restaurant operator’s stock, valued at approximately $2,440,000.

Several other hedge funds have also added to or reduced their stakes in DPZ. Trueblood Wealth Management LLC acquired a new position in shares of Domino’s Pizza in the 1st quarter worth approximately $218,000. Moseley Investment Management Inc. lifted its position in shares of Domino’s Pizza by 7.9% in the 1st quarter. Moseley Investment Management Inc. now owns 1,759 shares of the restaurant operator’s stock worth $808,000 after purchasing an additional 129 shares during the period. Dividend Assets Capital LLC lifted its position in shares of Domino’s Pizza by 45.8% in the 1st quarter. Dividend Assets Capital LLC now owns 10,283 shares of the restaurant operator’s stock worth $4,725,000 after purchasing an additional 3,230 shares during the period. Avanza Fonder AB lifted its position in shares of Domino’s Pizza by 39.1% in the 1st quarter. Avanza Fonder AB now owns 3,135 shares of the restaurant operator’s stock worth $1,468,000 after purchasing an additional 882 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Domino’s Pizza by 17.2% in the 1st quarter. GAMMA Investing LLC now owns 566 shares of the restaurant operator’s stock worth $260,000 after purchasing an additional 83 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Domino’s Pizza news, EVP Reddy Sandeep sold 399 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at $4,046,848.08. This trade represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.83% of the company’s stock.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $454.45 on Tuesday. The company has a fifty day moving average price of $474.54 and a 200-day moving average price of $458.18. The firm has a market cap of $15.56 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 2.47 and a beta of 1.11. Domino’s Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $535.98.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $0.21. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.58 EPS. On average, research analysts anticipate that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Friday, June 13th. Domino’s Pizza’s dividend payout ratio is presently 39.91%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DPZ. Guggenheim restated a “neutral” rating on shares of Domino’s Pizza in a research report on Thursday, May 15th. Citigroup boosted their price target on shares of Domino’s Pizza from $480.00 to $500.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 29th. TD Cowen reiterated a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday, February 24th. Benchmark boosted their target price on shares of Domino’s Pizza from $520.00 to $535.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. Finally, Redburn Atlantic began coverage on shares of Domino’s Pizza in a research report on Tuesday, June 10th. They set a “sell” rating and a $340.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza presently has an average rating of “Moderate Buy” and an average price target of $487.17.

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.