Assenagon Asset Management S.A. Has $4.50 Million Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Assenagon Asset Management S.A. decreased its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 79.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,468 shares of the restaurant operator’s stock after selling 39,378 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Domino’s Pizza were worth $4,503,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DPZ. Bayesian Capital Management LP boosted its stake in Domino’s Pizza by 701.3% in the first quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator’s stock worth $2,385,000 after purchasing an additional 4,201 shares in the last quarter. Bessemer Group Inc. boosted its stake in Domino’s Pizza by 34.9% in the first quarter. Bessemer Group Inc. now owns 4,950 shares of the restaurant operator’s stock worth $2,460,000 after purchasing an additional 1,280 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Domino’s Pizza by 107.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after purchasing an additional 230,090 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Domino’s Pizza by 18.7% in the first quarter. Russell Investments Group Ltd. now owns 55,438 shares of the restaurant operator’s stock worth $27,518,000 after purchasing an additional 8,744 shares in the last quarter. Finally, Norden Group LLC acquired a new position in Domino’s Pizza in the first quarter worth $1,082,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insiders Place Their Bets

In related news, Director Andrew Balson sold 6,970 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the transaction, the director now owns 15,390 shares in the company, valued at approximately $6,591,075.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Evercore ISI reduced their price objective on Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a research note on Monday, October 7th. Piper Sandler reduced their price objective on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a research note on Monday, October 7th. Loop Capital restated a “hold” rating and set a $419.00 target price on shares of Domino’s Pizza in a research report on Friday, September 20th. TD Cowen reiterated a “buy” rating and issued a $475.00 price objective on shares of Domino’s Pizza in a report on Friday, October 11th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $489.55.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $413.14 on Wednesday. Domino’s Pizza, Inc. has a fifty-two week low of $332.13 and a fifty-two week high of $542.75. The firm has a 50 day moving average price of $418.53 and a 200 day moving average price of $463.03. The company has a market capitalization of $14.27 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the firm earned $4.18 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts forecast that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $1.51 dividend. The ex-dividend date is Friday, December 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.46%. Domino’s Pizza’s dividend payout ratio (DPR) is 37.10%.

About Domino’s Pizza

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.