Domino’s Pizza Inc $DPZ Stake Decreased by Banque Pictet & Cie SA

Banque Pictet & Cie SA trimmed its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 30.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,529 shares of the restaurant operator’s stock after selling 1,965 shares during the quarter. Banque Pictet & Cie SA’s holdings in Domino’s Pizza were worth $1,888,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Johnson Financial Group Inc. increased its holdings in shares of Domino’s Pizza by 200.0% during the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 56 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Domino’s Pizza in the second quarter worth about $42,000. MUFG Securities EMEA plc acquired a new stake in Domino’s Pizza in the second quarter worth about $46,000. Smartleaf Asset Management LLC grew its position in Domino’s Pizza by 64.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock valued at $48,000 after buying an additional 43 shares in the last quarter. Finally, Activest Wealth Management increased its stake in Domino’s Pizza by 411.5% during the 3rd quarter. Activest Wealth Management now owns 133 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 107 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DPZ shares. William Blair set a $540.00 price target on shares of Domino’s Pizza in a research report on Monday, February 23rd. Stifel Nicolaus lowered their price objective on shares of Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating on the stock in a research note on Wednesday, January 7th. Argus raised Domino’s Pizza to a “hold” rating in a report on Monday, March 9th. Benchmark restated a “buy” rating on shares of Domino’s Pizza in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. raised Domino’s Pizza from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $460.00 to $450.00 in a research note on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $475.93.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $370.82 on Friday. The company’s 50 day simple moving average is $389.93 and its 200 day simple moving average is $407.80. Domino’s Pizza Inc has a 12 month low of $346.31 and a 12 month high of $499.08. The company has a market capitalization of $12.47 billion, a P/E ratio of 21.11, a PEG ratio of 1.56 and a beta of 1.18.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, February 23rd. The restaurant operator reported $5.35 EPS 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 net margin of 12.18% and a negative return on equity of 15.28%. Domino’s Pizza’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.89 earnings per share. On average, analysts anticipate that Domino’s Pizza Inc will post 16.74 earnings per share 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 paid a dividend of $1.99 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $7.96 annualized dividend and a dividend yield of 2.1%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.74. Domino’s Pizza’s dividend payout ratio is 45.30%.

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.