Keybank National Association OH Buys 59 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Posted by Defense World Staff on Apr 20th, 2023

Keybank National Association OH increased its stake in Domino’s Pizza, Inc. (NYSE:DPZ – Get Rating) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,593 shares of the restaurant operator’s stock after acquiring an additional 59 shares during the quarter. Keybank National Association OH’s holdings in Domino’s Pizza were worth $552,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Domino’s Pizza by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,902,745 shares of the restaurant operator’s stock valued at $1,210,631,000 after purchasing an additional 25,200 shares in the last quarter. Renaissance Technologies LLC increased its stake in Domino’s Pizza by 8.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,040,825 shares of the restaurant operator’s stock valued at $423,626,000 after purchasing an additional 84,947 shares in the last quarter. Marshfield Associates increased its stake in Domino’s Pizza by 14.0% during the 3rd quarter. Marshfield Associates now owns 471,641 shares of the restaurant operator’s stock valued at $146,303,000 after purchasing an additional 57,911 shares in the last quarter. Samlyn Capital LLC bought a new stake in Domino’s Pizza during the 3rd quarter valued at $93,936,000. Finally, Boston Partners increased its stake in Domino’s Pizza by 4.9% during the 3rd quarter. Boston Partners now owns 238,227 shares of the restaurant operator’s stock valued at $73,917,000 after purchasing an additional 11,115 shares in the last quarter. Institutional investors own 90.32% of the company’s stock.

Domino’s Pizza Trading Down 0.3 %

Shares of Domino’s Pizza stock opened at $325.66 on Thursday. Domino’s Pizza, Inc. has a 12-month low of $291.00 and a 12-month high of $426.44. The company has a market cap of $11.53 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 2.08 and a beta of 0.79. The company’s 50-day moving average price is $324.69 and its 200-day moving average price is $340.85.

Domino’s Pizza (NYSE:DPZ – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The restaurant operator reported $4.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.92 by $0.51. Domino’s Pizza had a net margin of 9.97% and a negative return on equity of 10.71%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm posted $4.25 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, sell-side analysts predict that Domino’s Pizza, Inc. will post 12.9 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 30th. Stockholders of record on Wednesday, March 15th were issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.49%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.10. The ex-dividend date was Tuesday, March 14th. Domino’s Pizza’s dividend payout ratio is presently 38.60%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DPZ shares. Morgan Stanley decreased their price target on shares of Domino’s Pizza from $430.00 to $405.00 and set an “overweight” rating for the company in a research note on Friday, February 24th. BTIG Research reduced their target price on shares of Domino’s Pizza from $460.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, February 24th. StockNews.com started coverage on shares of Domino’s Pizza in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Bank of America upped their target price on shares of Domino’s Pizza from $406.00 to $409.00 in a research note on Wednesday. Finally, Credit Suisse Group reduced their target price on shares of Domino’s Pizza from $375.00 to $335.00 and set a “neutral” rating for the company in a research note on Monday, February 27th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Domino’s Pizza has a consensus rating of “Hold” and an average price target of $357.04.

Insider Transactions at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 136 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $300.00, for a total value of $40,800.00. Following the transaction, the executive vice president now directly owns 4,867 shares in the company, valued at $1,460,100. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.76% of the company’s stock.

Domino’s Pizza Company Profile

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Domino’s Pizza, Inc engages in the management of a network of company-owned and franchise-owned pizza stores. It operates through the following segments: U.S. Stores, International Franchise, and Supply Chain. The U.S. Stores segment consists primarily of franchise operations. The International Franchise segment comprises a network of franchised stores.