JPMorgan Chase & Co. Raises Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ)

JPMorgan Chase & Co. raised its stake in Domino’s Pizza, Inc. (NYSE:DPZGet Rating) by 110.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 185,850 shares of the restaurant operator’s stock after buying an additional 97,631 shares during the quarter. JPMorgan Chase & Co.’s holdings in Domino’s Pizza were worth $72,428,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its holdings in Domino’s Pizza by 0.3% in the second quarter. Arizona State Retirement System now owns 10,155 shares of the restaurant operator’s stock valued at $3,958,000 after buying an additional 26 shares in the last quarter. Hartford Investment Management Co. increased its holdings in Domino’s Pizza by 0.9% in the second quarter. Hartford Investment Management Co. now owns 3,466 shares of the restaurant operator’s stock valued at $1,351,000 after buying an additional 32 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Domino’s Pizza by 1.0% in the first quarter. CIBC Asset Management Inc now owns 3,492 shares of the restaurant operator’s stock valued at $1,421,000 after purchasing an additional 33 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in shares of Domino’s Pizza by 6.6% in the first quarter. Kestra Private Wealth Services LLC now owns 533 shares of the restaurant operator’s stock valued at $217,000 after purchasing an additional 33 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Domino’s Pizza by 1.0% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,215 shares of the restaurant operator’s stock valued at $1,253,000 after purchasing an additional 33 shares during the last quarter. 96.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Domino’s Pizza

In other news, Director James A. Goldman sold 399 shares of the business’s stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $330.00, for a total value of $131,670.00. Following the completion of the sale, the director now owns 6,123 shares of the company’s stock, valued at approximately $2,020,590. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.12% of the company’s stock.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $391.74 on Thursday. Domino’s Pizza, Inc. has a 12-month low of $299.41 and a 12-month high of $567.57. The company has a market capitalization of $13.87 billion, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 2.50 and a beta of 0.69. The firm’s fifty day moving average price is $336.31 and its 200 day moving average price is $365.14.

Domino’s Pizza (NYSE:DPZGet Rating) last released its quarterly earnings results on Thursday, October 13th. The restaurant operator reported $2.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.98 by ($0.19). Domino’s Pizza had a negative return on equity of 10.64% and a net margin of 10.02%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned $3.24 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts forecast that Domino’s Pizza, Inc. will post 12.02 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, December 14th. Domino’s Pizza’s payout ratio is currently 35.60%.

Analysts Set New Price Targets

DPZ has been the topic of several research reports. Sanford C. Bernstein initiated coverage on shares of Domino’s Pizza in a research report on Wednesday, September 7th. They issued an “underperform” rating and a $334.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Domino’s Pizza from $373.00 to $359.00 and set a “hold” rating on the stock in a research report on Friday, October 14th. Morgan Stanley lowered their price target on shares of Domino’s Pizza from $426.00 to $373.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 11th. Citigroup decreased their target price on shares of Domino’s Pizza from $415.00 to $407.00 and set a “buy” rating on the stock in a research report on Friday, October 14th. Finally, Stephens decreased their target price on shares of Domino’s Pizza from $368.00 to $335.00 and set an “equal weight” rating on the stock in a research report on Friday, October 14th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $408.38.

Domino’s Pizza Profile

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

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Institutional Ownership by Quarter for Domino's Pizza (NYSE:DPZ)

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