Avanza Fonder AB Has $1.47 Million Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Avanza Fonder AB lifted its holdings in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 39.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,135 shares of the restaurant operator’s stock after purchasing an additional 882 shares during the period. Avanza Fonder AB’s holdings in Domino’s Pizza were worth $1,468,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Sherman Asset Management Inc. acquired a new position in Domino’s Pizza in the fourth quarter valued at $25,000. Wood Tarver Financial Group LLC acquired a new position in Domino’s Pizza in the fourth quarter valued at $25,000. Brown Brothers Harriman & Co. lifted its holdings in Domino’s Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares during the period. Covestor Ltd lifted its holdings in Domino’s Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 49 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Domino’s Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 26 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on DPZ. Morgan Stanley boosted their target price on shares of Domino’s Pizza from $492.00 to $510.00 and gave the company an “overweight” rating in a report on Tuesday, April 29th. TD Cowen restated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. Robert W. Baird lifted their price target on shares of Domino’s Pizza from $500.00 to $535.00 and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. TD Securities reaffirmed a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research note on Monday, April 28th. Finally, BMO Capital Markets lifted their price target on shares of Domino’s Pizza from $515.00 to $540.00 and gave the company an “outperform” rating in a research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus price target of $492.16.

Insider Activity at Domino’s Pizza

In related news, EVP Reddy Sandeep sold 399 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the sale, the executive vice president now owns 8,756 shares of the company’s stock, valued at approximately $4,046,848.08. This represents a 4.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $446.90 on Thursday. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $538.44. The company has a 50-day simple moving average of $473.35 and a two-hundred day simple moving average of $458.79. The company has a market capitalization of $15.30 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 2.47 and a beta of 1.11.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.12 by $0.21. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the firm posted $3.58 EPS. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Friday, June 13th. Domino’s Pizza’s payout ratio is 39.91%.

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.