Domino's Pizza, Inc. (NASDAQ:DPZ) Holdings Raised by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 562.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,037 shares of the restaurant operator's stock after buying an additional 50,131 shares during the period. Los Angeles Capital Management LLC owned 0.17% of Domino's Pizza worth $24,781,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Blue Trust Inc. grew its position in Domino's Pizza by 100.0% during the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator's stock valued at $54,000 after buying an additional 63 shares during the period. Private Advisor Group LLC grew its position in shares of Domino's Pizza by 12.7% in the third quarter. Private Advisor Group LLC now owns 2,511 shares of the restaurant operator's stock valued at $1,080,000 after purchasing an additional 283 shares during the period. Forsta AP Fonden lifted its stake in shares of Domino's Pizza by 9.5% in the third quarter. Forsta AP Fonden now owns 10,400 shares of the restaurant operator's stock worth $4,473,000 after buying an additional 900 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its stake in shares of Domino's Pizza by 24.1% in the third quarter. Baker Tilly Wealth Management LLC now owns 773 shares of the restaurant operator's stock worth $333,000 after buying an additional 150 shares in the last quarter. Finally, abrdn plc lifted its stake in shares of Domino's Pizza by 0.9% in the third quarter. abrdn plc now owns 13,432 shares of the restaurant operator's stock worth $5,841,000 after buying an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DPZ shares. Citigroup raised their price target on shares of Domino's Pizza from $440.00 to $520.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $500.00 target price on shares of Domino's Pizza in a research note on Thursday, February 20th. BMO Capital Markets lifted their target price on shares of Domino's Pizza from $500.00 to $515.00 and gave the stock an "outperform" rating in a research note on Tuesday. Argus downgraded shares of Domino's Pizza from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, TD Securities reaffirmed a "buy" rating and set a $490.00 target price on shares of Domino's Pizza in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $503.41.

Domino's Pizza Price Performance

Shares of DPZ stock traded up $7.43 during trading on Friday, reaching $489.71. The company's stock had a trading volume of 634,243 shares, compared to its average volume of 616,201. The company has a market capitalization of $16.80 billion, a price-to-earnings ratio of 30.08, a P/E/G ratio of 2.47 and a beta of 0.90. The stock's 50-day moving average price is $444.92 and its 200 day moving average price is $436.29. 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 - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing analysts' consensus estimates of $4.93 by ($0.04). Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm posted $4.48 EPS. The company's revenue for the quarter was up 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Domino's Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino's Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, March 14th. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. Domino's Pizza's payout ratio is currently 41.70%.

Domino's Pizza 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.