DekaBank Deutsche Girozentrale Has $3.63 Million Stock Position in Domino’s Pizza Inc $DPZ

DekaBank Deutsche Girozentrale grew its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 2.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,091 shares of the restaurant operator’s stock after buying an additional 228 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Domino’s Pizza were worth $3,631,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Domino’s Pizza in the 2nd quarter valued at $34,831,000. Private Trust Co. NA increased its holdings in Domino’s Pizza by 63.9% during the 2nd quarter. Private Trust Co. NA now owns 118 shares of the restaurant operator’s stock worth $53,000 after purchasing an additional 46 shares in the last quarter. Nordea Investment Management AB increased its holdings in Domino’s Pizza by 12.5% during the 2nd quarter. Nordea Investment Management AB now owns 5,044 shares of the restaurant operator’s stock worth $2,243,000 after purchasing an additional 562 shares in the last quarter. Alta Capital Management LLC increased its holdings in Domino’s Pizza by 10.0% during the 2nd quarter. Alta Capital Management LLC now owns 8,724 shares of the restaurant operator’s stock worth $3,931,000 after purchasing an additional 792 shares in the last quarter. Finally, Bridges Investment Management Inc. lifted its position in Domino’s Pizza by 15.4% during the 2nd quarter. Bridges Investment Management Inc. now owns 5,802 shares of the restaurant operator’s stock worth $2,614,000 after buying an additional 775 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $414.86 on Friday. The stock’s fifty day moving average price is $436.64 and its two-hundred day moving average price is $456.68. The company has a market cap of $14.02 billion, a PE ratio of 24.25, a P/E/G ratio of 2.20 and a beta of 1.12. Domino’s Pizza Inc has a fifty-two week low of $397.12 and a fifty-two week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the company earned $4.19 EPS. Domino’s Pizza’s revenue was up 6.2% compared to the same quarter last year. On average, equities analysts predict that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be given a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, December 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 40.68%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DPZ. Morgan Stanley boosted their price target on shares of Domino’s Pizza from $520.00 to $535.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. UBS Group reissued a “buy” rating and set a $540.00 price target on shares of Domino’s Pizza in a research report on Tuesday, July 22nd. Bank of America boosted their price target on shares of Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Jefferies Financial Group cut their price target on shares of Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Finally, Piper Sandler dropped their target price on shares of Domino’s Pizza from $477.00 to $443.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Hold” and an average price target of $489.92.

Insider Transactions at Domino’s Pizza

In related news, Director James A. Goldman sold 1,000 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the transaction, the director directly owned 3,384 shares of the company’s stock, valued at $1,527,842.16. This trade represents a 22.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

Domino’s Pizza Profile

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.