Handelsbanken Fonder AB Raises Position in Domino’s Pizza Inc $DPZ

Handelsbanken Fonder AB raised its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 90.9% during the 4th quarter, HoldingsChannel reports. The fund owned 10,480 shares of the restaurant operator’s stock after acquiring an additional 4,991 shares during the quarter. Handelsbanken Fonder AB’s holdings in Domino’s Pizza were worth $4,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Huntleigh Advisors Inc. boosted its stake in shares of Domino’s Pizza by 5.0% during the 4th quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock worth $221,000 after acquiring an additional 25 shares during the last quarter. Lafayette Investments Inc. boosted its stake in shares of Domino’s Pizza by 2.8% during the 3rd quarter. Lafayette Investments Inc. now owns 955 shares of the restaurant operator’s stock worth $412,000 after acquiring an additional 26 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Domino’s Pizza by 2.9% during the 3rd quarter. Parallel Advisors LLC now owns 965 shares of the restaurant operator’s stock worth $417,000 after acquiring an additional 27 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Domino’s Pizza by 1.2% during the 3rd quarter. Bessemer Group Inc. now owns 2,317 shares of the restaurant operator’s stock worth $1,000,000 after acquiring an additional 28 shares during the last quarter. Finally, Colonial Trust Co SC boosted its stake in shares of Domino’s Pizza by 5.3% during the 3rd quarter. Colonial Trust Co SC now owns 561 shares of the restaurant operator’s stock worth $242,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Transactions at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $332.31, for a total value of $162,167.28. Following the sale, the executive vice president directly owned 9,352 shares in the company, valued at $3,107,763.12. The trade was a 4.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.89% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of NASDAQ DPZ opened at $316.52 on Friday. The company has a market cap of $10.53 billion, a P/E ratio of 18.22, a P/E/G ratio of 1.46 and a beta of 1.02. The firm’s fifty day moving average is $352.93 and its two-hundred day moving average is $389.26. Domino’s Pizza Inc has a 52-week low of $297.48 and a 52-week high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last announced 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 net margin of 11.89% and a negative return on equity of 15.04%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.33 EPS. As a group, analysts forecast that Domino’s Pizza Inc will post 19.15 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s payout ratio is currently 45.83%.

Analysts Set New Price Targets

A number of research firms recently weighed in on DPZ. The Goldman Sachs Group lowered their target price on shares of Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Benchmark lowered their target price on shares of Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Stifel Nicolaus set a $400.00 target price on shares of Domino’s Pizza in a research note on Monday, April 27th. Argus upgraded shares of Domino’s Pizza to a “hold” rating in a research note on Monday, March 9th. Finally, BMO Capital Markets lowered their target price on shares of Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $419.74.

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.