J.Safra Asset Management Corp Purchases Shares of 345 Domino’s Pizza, Inc. (NASDAQ:DPZ)

J.Safra Asset Management Corp purchased a new stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) during the 4th quarter, Holdings Channel reports. The firm purchased 345 shares of the restaurant operator’s stock, valued at approximately $145,000.

Several other large investors also recently made changes to their positions in DPZ. Berkshire Hathaway Inc acquired a new stake in shares of Domino’s Pizza in the third quarter valued at approximately $549,399,000. FMR LLC increased its stake in shares of Domino’s Pizza by 16.3% during the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after acquiring an additional 307,528 shares during the period. Champlain Investment Partners LLC acquired a new position in shares of Domino’s Pizza during the third quarter valued at approximately $99,352,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Domino’s Pizza during the fourth quarter valued at approximately $41,701,000. Finally, Jennison Associates LLC increased its stake in shares of Domino’s Pizza by 75.3% during the third quarter. Jennison Associates LLC now owns 214,473 shares of the restaurant operator’s stock valued at $92,253,000 after acquiring an additional 92,137 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Down 1.2 %

Shares of NASDAQ:DPZ opened at $476.18 on Thursday. The firm has a market capitalization 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 firm has a fifty day moving average of $447.99 and a two-hundred day moving average of $437.05. Domino’s Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing the consensus estimate of $4.93 by ($0.04). The firm had revenue of $1.44 billion during 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 was up 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.48 EPS. Equities research analysts expect that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio (DPR) is 41.70%.

Analysts Set New Price Targets

A number of research firms recently commented on DPZ. BMO Capital Markets raised their price objective on shares of Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Citigroup raised their price objective on shares of Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Barclays raised their price objective on shares of Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research note on Tuesday, February 25th. Wedbush reiterated an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Finally, TD Cowen restated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $503.41.

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.