SG Americas Securities LLC Trims Position in Domino’s Pizza Inc $DPZ

SG Americas Securities LLC trimmed its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 77.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,780 shares of the restaurant operator’s stock after selling 47,701 shares during the quarter. SG Americas Securities LLC’s holdings in Domino’s Pizza were worth $5,744,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DPZ shares. William Blair set a $540.00 price objective on Domino’s Pizza in a research note on Monday, February 23rd. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $470.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 24th. Hovde Group set a $460.00 price target on Domino’s Pizza in a research report on Monday, January 5th. BTIG Research reissued a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, February 24th. Finally, Evercore restated an “outperform” rating and issued a $510.00 price objective on shares of Domino’s Pizza in a research 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $474.64.

Domino’s Pizza Trading Up 1.7%

Shares of DPZ opened at $358.79 on Wednesday. The firm has a market cap of $12.07 billion, a P/E ratio of 20.42, a PEG ratio of 1.52 and a beta of 1.16. Domino’s Pizza Inc has a 12 month low of $346.31 and a 12 month high of $499.08. The stock’s 50 day moving average is $391.37 and its two-hundred day moving average is $408.38.

Domino’s Pizza (NASDAQ:DPZ) last announced its 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). Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.The business had revenue of $1.54 billion for the quarter. During the same period last year, the firm posted $4.89 earnings per share. Domino’s Pizza’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts forecast 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. Shareholders of record on Friday, March 13th were given a dividend of $1.99 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, March 13th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 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.