5,376 Shares in Domino’s Pizza Inc $DPZ Bought by OP Asset Management Ltd

OP Asset Management Ltd purchased a new position in Domino’s Pizza Inc (NASDAQ:DPZ) in the first quarter, Holdings Channel.com reports. The firm purchased 5,376 shares of the restaurant operator’s stock, valued at approximately $1,929,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Berkshire Hathaway Inc lifted its holdings in Domino’s Pizza by 13.2% in the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock worth $1,287,335,000 after purchasing an additional 348,077 shares in the last quarter. Marshfield Associates grew its holdings in Domino’s Pizza by 4.0% during the 3rd quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock valued at $321,415,000 after buying an additional 28,765 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in Domino’s Pizza by 55.7% during the 4th quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator’s stock valued at $18,845,000 after buying an additional 16,179 shares in the last quarter. Amica Mutual Insurance Co. raised its position in shares of Domino’s Pizza by 59.8% during the fourth quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock valued at $6,909,000 after buying an additional 6,203 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Domino’s Pizza by 10.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock valued at $28,544,000 after buying an additional 6,223 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Stock Performance

DPZ opened at $298.18 on Monday. The stock has a 50-day moving average of $321.40 and a 200 day moving average of $371.08. Domino’s Pizza Inc has a 12 month low of $282.00 and a 12 month high of $496.00. The firm has a market cap of $9.92 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.39 and a beta of 0.98.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The company had revenue of $1.15 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.33 EPS. On average, research analysts forecast that Domino’s Pizza Inc will post 18.99 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s dividend payout ratio (DPR) is 45.83%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Citigroup dropped their target price on shares of Domino’s Pizza from $425.00 to $365.00 and set a “neutral” rating for the company in a research report on Tuesday, April 28th. DA Davidson decreased their price target on shares of Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Wells Fargo & Company dropped their price objective on shares of Domino’s Pizza from $400.00 to $350.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. Morgan Stanley cut their price objective on Domino’s Pizza from $430.00 to $395.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. reduced their target price on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $412.97.

Insider Activity

In related news, EVP Kelly E. Garcia sold 487 shares of Domino’s Pizza stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $311.74, for a total transaction of $151,817.38. Following the completion of the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $2,915,392.48. The trade was a 4.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 1,463 shares of company stock valued at $466,807. 0.89% of the stock is currently owned by company insiders.

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.