JPMorgan Chase & Co. Has $66.23 Million Holdings in Domino’s Pizza Inc $DPZ

JPMorgan Chase & Co. decreased its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 39.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,394 shares of the restaurant operator’s stock after selling 98,326 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.45% of Domino’s Pizza worth $66,225,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DPZ. Johnson Financial Group Inc. increased its stake in Domino’s Pizza by 200.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 56 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Domino’s Pizza during the 2nd quarter worth about $42,000. MUFG Securities EMEA plc acquired a new position in shares of Domino’s Pizza during the 2nd quarter worth about $46,000. Smartleaf Asset Management LLC grew its holdings in shares of 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 acquiring an additional 43 shares in the last quarter. Finally, Activest Wealth Management grew its holdings in shares of Domino’s Pizza by 411.5% in the 3rd quarter. Activest Wealth Management now owns 133 shares of the restaurant operator’s stock valued at $58,000 after acquiring an additional 107 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DPZ. TD Cowen reiterated a “hold” rating and set a $460.00 target price on shares of Domino’s Pizza in a report on Monday, February 23rd. Hovde Group set a $460.00 price target on Domino’s Pizza in a research note on Monday, January 5th. Wells Fargo & Company lowered their price target on Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. Guggenheim dropped their price objective on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. raised Domino’s Pizza from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $460.00 to $450.00 in a report 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 two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $475.71.

Domino’s Pizza Stock Down 0.4%

Shares of NASDAQ DPZ opened at $375.30 on Friday. The business’s 50 day moving average price is $398.48 and its two-hundred day moving average price is $414.67. The company has a market cap of $12.62 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16. Domino’s Pizza Inc has a twelve month low of $370.70 and a twelve month high of $499.08.

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

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be issued a dividend of $1.99 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $7.96 annualized dividend and a yield of 2.1%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.74. Domino’s Pizza’s payout ratio is 45.30%.

Domino’s Pizza 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.