Blueshift Asset Management LLC Takes $1.34 Million Position in Domino’s Pizza Inc $DPZ

Blueshift Asset Management LLC acquired a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,979 shares of the restaurant operator’s stock, valued at approximately $1,342,000.

Several other large investors also recently added to or reduced their stakes in the stock. Nissay Asset Management Corp Japan ADV grew its position in Domino’s Pizza by 0.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 4,162 shares of the restaurant operator’s stock worth $1,912,000 after acquiring an additional 21 shares during the period. Compound Planning Inc. lifted its stake in shares of Domino’s Pizza by 4.1% in the 1st quarter. Compound Planning Inc. now owns 562 shares of the restaurant operator’s stock valued at $258,000 after purchasing an additional 22 shares during the last quarter. CX Institutional lifted its stake in shares of Domino’s Pizza by 6.7% in the 2nd quarter. CX Institutional now owns 382 shares of the restaurant operator’s stock valued at $172,000 after purchasing an additional 24 shares during the last quarter. Lafayette Investments Inc. grew its holdings in shares of Domino’s Pizza by 2.7% during the 2nd quarter. Lafayette Investments Inc. now owns 929 shares of the restaurant operator’s stock worth $419,000 after purchasing an additional 24 shares during the period. Finally, Westpac Banking Corp increased its position in shares of Domino’s Pizza by 31.2% during the 2nd quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 24 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DPZ. Royal Bank Of Canada decreased their target price on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 15th. Piper Sandler restated a “neutral” rating and issued a $445.00 price objective on shares of Domino’s Pizza in a report on Monday, November 24th. Citigroup lowered their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Barclays cut their target price on Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 8th. Finally, Weiss Ratings lowered Domino’s Pizza from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $490.40.

Domino’s Pizza Trading Up 1.0%

Domino’s Pizza stock opened at $423.85 on Tuesday. The firm has a market capitalization of $14.32 billion, a P/E ratio of 24.77, a P/E/G ratio of 2.15 and a beta of 1.09. Domino’s Pizza Inc has a twelve month low of $392.89 and a twelve month high of $500.55. The stock’s fifty day simple moving average is $414.16 and its 200-day simple moving average is $443.75.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm posted $4.19 EPS. Domino’s Pizza’s revenue for the quarter was up 6.2% on a year-over-year basis. Sell-side analysts predict that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be given a dividend of $1.74 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.6%. Domino’s Pizza’s payout ratio is currently 40.68%.

Domino’s Pizza Company 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.