Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 3,500 Shares of Domino’s Pizza Inc (NASDAQ:DPZ)

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 45.3% in the first quarter, HoldingsChannel.com reports. The fund owned 11,221 shares of the restaurant operator’s stock after acquiring an additional 3,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Domino’s Pizza were worth $5,155,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. HighPoint Advisor Group LLC increased its stake in shares of Domino’s Pizza by 3.2% in the 1st quarter. HighPoint Advisor Group LLC now owns 672 shares of the restaurant operator’s stock valued at $332,000 after acquiring an additional 21 shares during the last quarter. AGP Franklin LLC increased its stake in shares of Domino’s Pizza by 0.4% in the 1st quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator’s stock valued at $2,403,000 after acquiring an additional 21 shares during the last quarter. Allworth Financial LP increased its stake in shares of Domino’s Pizza by 16.0% in the 1st quarter. Allworth Financial LP now owns 174 shares of the restaurant operator’s stock valued at $85,000 after acquiring an additional 24 shares during the last quarter. Lodestone Wealth Management LLC increased its stake in shares of Domino’s Pizza by 4.4% in the 1st quarter. Lodestone Wealth Management LLC now owns 587 shares of the restaurant operator’s stock valued at $270,000 after acquiring an additional 25 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in shares of Domino’s Pizza by 1.1% in the 1st quarter. Concurrent Investment Advisors LLC now owns 2,382 shares of the restaurant operator’s stock valued at $1,094,000 after purchasing an additional 25 shares during the period. 94.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DPZ. Citigroup boosted their price objective on Domino’s Pizza from $480.00 to $500.00 and gave the company a “neutral” rating in a research report on Tuesday, April 29th. Redburn Atlantic began coverage on Domino’s Pizza in a research report on Tuesday, June 10th. They issued a “sell” rating and a $340.00 price objective for the company. TD Securities reiterated a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday, April 28th. BTIG Research set a $530.00 price objective on Domino’s Pizza and gave the company a “buy” rating in a research report on Monday, April 28th. Finally, Royal Bank Of Canada lowered Domino’s Pizza from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $550.00 to $500.00 in a research report on Tuesday, July 29th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $489.67.

Domino’s Pizza Trading Up 0.1%

NASDAQ DPZ opened at $451.26 on Friday. The company has a market cap of $15.32 billion, a PE ratio of 26.21, a PEG ratio of 2.47 and a beta of 1.09. Domino’s Pizza Inc has a 12 month low of $396.06 and a 12 month high of $500.55. The stock has a 50 day moving average of $458.61 and a 200-day moving average of $465.16.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing the consensus estimate of $3.93 by ($0.12). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $4.03 EPS. As a group, sell-side analysts predict that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, September 15th. Domino’s Pizza’s dividend payout ratio is presently 40.42%.

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.