Country Trust Bank Boosts Stock Holdings in Domino’s Pizza Inc $DPZ

Country Trust Bank grew its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,339 shares of the restaurant operator’s stock after buying an additional 2,359 shares during the quarter. Country Trust Bank owned 0.21% of Domino’s Pizza worth $29,319,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of DPZ. Beacon Pointe Advisors LLC purchased a new stake in shares of Domino’s Pizza during the second quarter valued at $363,000. First Trust Advisors LP boosted its position in shares of Domino’s Pizza by 278.8% during the second quarter. First Trust Advisors LP now owns 57,962 shares of the restaurant operator’s stock valued at $26,118,000 after buying an additional 42,660 shares during the last quarter. Amundi boosted its position in shares of Domino’s Pizza by 34.1% during the second quarter. Amundi now owns 85,809 shares of the restaurant operator’s stock valued at $39,115,000 after buying an additional 21,834 shares during the last quarter. StoneX Group Inc. boosted its position in shares of Domino’s Pizza by 71.8% during the second quarter. StoneX Group Inc. now owns 1,165 shares of the restaurant operator’s stock valued at $525,000 after buying an additional 487 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its position in shares of Domino’s Pizza by 8.8% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 469 shares of the restaurant operator’s stock valued at $211,000 after buying an additional 38 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $380.77 on Tuesday. The company’s fifty day simple moving average is $388.45 and its 200-day simple moving average is $406.43. The stock has a market capitalization of $12.81 billion, a PE ratio of 21.67, a P/E/G ratio of 1.60 and a beta of 1.18. Domino’s Pizza Inc has a 1-year low of $346.31 and a 1-year high of $499.08.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing the consensus estimate of $5.38 by ($0.03). The business had revenue of $1.54 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.Domino’s Pizza’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.89 EPS. As a group, research analysts anticipate that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 13th were given a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, March 13th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. Domino’s Pizza’s payout ratio is presently 45.30%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. BTIG Research restated a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, February 24th. Royal Bank Of Canada restated a “sector perform” rating and issued a $425.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 24th. Morgan Stanley restated an “equal weight” rating and issued a $455.00 target price (down from $535.00) on shares of Domino’s Pizza in a report on Tuesday, January 20th. Sanford C. Bernstein restated a “market perform” rating and issued a $470.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 24th. Finally, Argus upgraded shares of Domino’s Pizza to a “hold” rating in a report on Monday, March 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and an average price target of $475.93.

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.