Fisher Asset Management LLC Has $14.44 Million Stock Holdings in Domino’s Pizza Inc $DPZ

Fisher Asset Management LLC grew its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 18.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,632 shares of the restaurant operator’s stock after purchasing an additional 5,282 shares during the period. Fisher Asset Management LLC’s holdings in Domino’s Pizza were worth $14,436,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DPZ. Jump Financial LLC acquired a new stake in shares of Domino’s Pizza during the second quarter worth $3,183,000. Investment Management Corp of Ontario raised its holdings in shares of Domino’s Pizza by 68.3% during the second quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock worth $718,000 after acquiring an additional 647 shares during the period. Sei Investments Co. raised its holdings in shares of Domino’s Pizza by 21.7% during the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock worth $36,480,000 after acquiring an additional 14,452 shares during the period. Glenview Trust co raised its holdings in shares of Domino’s Pizza by 36.9% during the second quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock worth $511,000 after acquiring an additional 306 shares during the period. Finally, HUB Investment Partners LLC raised its holdings in shares of Domino’s Pizza by 17.3% during the second quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock worth $596,000 after acquiring an additional 195 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $313.16, for a total transaction of $152,822.08. Following the completion of the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $2,928,672.32. The trade was a 4.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.89% of the company’s stock.

Domino’s Pizza Price Performance

Shares of DPZ opened at $311.72 on Thursday. The company has a market cap of $10.37 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.44 and a beta of 1.02. The firm has a 50-day moving average of $347.90 and a 200-day moving average of $387.25. Domino’s Pizza Inc has a one year low of $297.48 and a one year high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.16). The company had revenue of $1.15 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $4.33 earnings per share. Analysts expect that Domino’s Pizza Inc will post 19.15 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $1.99 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.6%. Domino’s Pizza’s payout ratio is presently 45.83%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Jefferies Financial Group dropped their price objective on shares of Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating on the stock in a report on Tuesday, April 28th. Loop Capital dropped their price objective on shares of Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Robert W. Baird dropped their price objective on shares of Domino’s Pizza from $495.00 to $400.00 and set an “outperform” rating on the stock in a report on Monday, April 27th. Citigroup dropped their price objective on shares of Domino’s Pizza from $425.00 to $365.00 and set a “neutral” rating on the stock in a report on Tuesday, April 28th. Finally, BTIG Research dropped their price objective on shares of Domino’s Pizza from $500.00 to $450.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Seventeen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $418.13.

About Domino’s Pizza

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.