Franklin Resources Inc. Has $7.69 Million Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Posted by Defense World Staff on Jun 2nd, 2023

Franklin Resources Inc. reduced its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ – Get Rating) by 16.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,204 shares of the restaurant operator’s stock after selling 4,364 shares during the quarter. Franklin Resources Inc. owned approximately 0.06% of Domino’s Pizza worth $7,691,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in DPZ. General Partner Inc. acquired a new stake in Domino’s Pizza in the fourth quarter valued at approximately $28,000. Luken Investment Analytics LLC acquired a new stake in Domino’s Pizza in the fourth quarter valued at approximately $35,000. First Horizon Advisors Inc. lifted its stake in Domino’s Pizza by 41.7% in the third quarter. First Horizon Advisors Inc. now owns 136 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 40 shares during the last quarter. Piershale Financial Group Inc. acquired a new stake in Domino’s Pizza in the fourth quarter valued at approximately $57,000. Finally, Belpointe Asset Management LLC acquired a new stake in Domino’s Pizza in the fourth quarter valued at approximately $63,000. 90.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Northcoast Research reiterated a “neutral” rating on shares of Domino’s Pizza in a research note on Tuesday, February 28th. Robert W. Baird lowered shares of Domino’s Pizza from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $400.00 to $320.00 in a research report on Friday, February 24th. Stifel Nicolaus lifted their price target on shares of Domino’s Pizza from $300.00 to $320.00 and gave the company a “hold” rating in a research report on Friday, April 21st. TD Cowen reissued a “market perform” rating and issued a $320.00 price target on shares of Domino’s Pizza in a research report on Monday, April 3rd. Finally, BTIG Research dropped their price target on shares of Domino’s Pizza from $460.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, February 24th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $356.04.

Domino’s Pizza Stock Performance

Shares of NYSE:DPZ opened at $296.71 on Friday. Domino’s Pizza, Inc. has a 52 week low of $285.84 and a 52 week high of $426.44. The company’s fifty day moving average is $317.10 and its 200-day moving average is $336.55. The company has a market capitalization of $10.49 billion, a PE ratio of 22.88, a P/E/G ratio of 1.85 and a beta of 0.79.

Domino’s Pizza (NYSE:DPZ – Get Rating) last issued its earnings results on Thursday, April 27th. The restaurant operator reported $2.93 EPS for the quarter, beating the consensus estimate of $2.66 by $0.27. Domino’s Pizza had a net margin of 10.24% and a negative return on equity of 11.07%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company earned $2.50 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, analysts forecast that Domino’s Pizza, Inc. will post 13.33 EPS for the current year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a $1.21 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $4.84 annualized dividend and a dividend yield of 1.63%. Domino’s Pizza’s dividend payout ratio is presently 37.32%.

Insider Activity

In other news, EVP Cynthia A. Headen sold 136 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 4,867 shares in the company, valued at approximately $1,460,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.76% of the stock is owned by corporate insiders.

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.