SBI Securities Co. Ltd. Makes New Investment in Domino’s Pizza, Inc. (NASDAQ:DPZ)

SBI Securities Co. Ltd. acquired a new position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 673 shares of the restaurant operator’s stock, valued at approximately $282,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sherman Asset Management Inc. acquired a new stake in shares of Domino’s Pizza during the fourth quarter worth $25,000. True Wealth Design LLC lifted its holdings in shares of Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in shares of Domino’s Pizza by 195.6% during the third quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock worth $57,000 after buying an additional 88 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Domino’s Pizza by 34.3% during the fourth quarter. Private Trust Co. NA now owns 145 shares of the restaurant operator’s stock worth $61,000 after buying an additional 37 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Domino’s Pizza by 37.6% during the fourth quarter. Allworth Financial LP now owns 150 shares of the restaurant operator’s stock worth $66,000 after buying an additional 41 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DPZ shares. Robert W. Baird dropped their target price on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. BMO Capital Markets boosted their price target on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Loop Capital dropped their price target on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Argus downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $440.00 price target on shares of Domino’s Pizza in a research note on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Trading Down 1.2 %

NASDAQ:DPZ opened at $476.18 on Thursday. The stock has a market cap of $16.33 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. The stock’s 50-day moving average is $447.99 and its 200-day moving average is $437.05. Domino’s Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.48 earnings per share. As a group, equities analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $1.74 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Friday, March 14th. Domino’s Pizza’s payout ratio is 41.70%.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.