Assenagon Asset Management S.A. Boosts Holdings in Domino’s Pizza Inc $DPZ

Assenagon Asset Management S.A. raised its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 105.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,815 shares of the restaurant operator’s stock after buying an additional 11,735 shares during the period. Assenagon Asset Management S.A. owned about 0.07% of Domino’s Pizza worth $9,849,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DPZ. DekaBank Deutsche Girozentrale lifted its position in Domino’s Pizza by 2.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 8,091 shares of the restaurant operator’s stock valued at $3,631,000 after purchasing an additional 228 shares in the last quarter. Berkshire Hathaway Inc raised its stake in shares of Domino’s Pizza by 0.5% in the second quarter. Berkshire Hathaway Inc now owns 2,633,868 shares of the restaurant operator’s stock worth $1,186,821,000 after buying an additional 13,255 shares during the period. Bank of Nova Scotia lifted its position in shares of Domino’s Pizza by 1,891.7% during the 2nd quarter. Bank of Nova Scotia now owns 71,920 shares of the restaurant operator’s stock valued at $32,400,000 after buying an additional 68,309 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Domino’s Pizza by 2,076.8% during the 2nd quarter. Sterling Capital Management LLC now owns 180,084 shares of the restaurant operator’s stock valued at $81,146,000 after acquiring an additional 171,811 shares during the period. Finally, Scientech Research LLC increased its holdings in Domino’s Pizza by 86.7% in the 1st quarter. Scientech Research LLC now owns 2,423 shares of the restaurant operator’s stock worth $1,113,000 after acquiring an additional 1,125 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 4,870 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value of $2,113,872.20. Following the sale, the executive vice president owned 6,744 shares in the company, valued at approximately $2,927,300.64. The trade was a 41.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.83% of the company’s stock.

Domino’s Pizza Stock Up 0.0%

DPZ opened at $431.51 on Friday. The firm has a 50-day simple moving average of $415.63 and a two-hundred day simple moving average of $438.81. Domino’s Pizza Inc has a 52 week low of $392.89 and a 52 week high of $500.55. The company has a market capitalization of $14.58 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 2.28 and a beta of 1.14.

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

Domino’s Pizza Announces Dividend

The company also recently announced 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. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, December 15th. Domino’s Pizza’s dividend payout ratio is currently 40.68%.

Analyst Upgrades and Downgrades

DPZ has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Domino’s Pizza in a report on Monday, December 15th. Guggenheim lifted their target price on shares of Domino’s Pizza from $485.00 to $490.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. Barclays dropped their target price on shares of Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating for the company in a report on Wednesday, October 8th. BTIG Research reissued a “buy” rating and set a $530.00 price target on shares of Domino’s Pizza in a report on Friday, November 14th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $490.40.

Domino’s Pizza Company 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.