Cascade Investment Group Inc. Invests $250,000 in Domino’s Pizza, Inc. (NYSE:DPZ)

Posted by on Jun 17th, 2023

Cascade Investment Group Inc. purchased a new position in shares of Domino’s Pizza, Inc. (NYSE:DPZ – Get Rating) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 721 shares of the restaurant operator’s stock, valued at approximately $250,000.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted 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 worth $1,210,631,000 after acquiring an additional 25,200 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Domino’s Pizza by 23.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,616,607 shares of the restaurant operator’s stock worth $559,993,000 after acquiring an additional 306,750 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Domino’s Pizza by 13.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,608,101 shares of the restaurant operator’s stock worth $557,046,000 after acquiring an additional 196,063 shares in the last quarter. Norges Bank acquired a new position in Domino’s Pizza during the 4th quarter worth about $369,800,000. Finally, Renaissance Technologies LLC lifted 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 worth $423,626,000 after acquiring an additional 84,947 shares in the last quarter. 90.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DPZ has been the topic of several research reports. StockNews.com initiated coverage on Domino’s Pizza in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Barclays reduced their price target on Domino’s Pizza from $299.00 to $270.00 and set an “underweight” rating on the stock in a research report on Friday, February 24th. Wells Fargo & Company increased their price target on Domino’s Pizza from $300.00 to $310.00 and gave the company an “equal weight” rating in a research report on Friday, April 21st. Gordon Haskett lowered Domino’s Pizza from a “buy” rating to a “hold” rating and reduced their price target for the company from $344.00 to $315.00 in a research report on Friday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Domino’s Pizza from $351.00 to $334.00 and set a “hold” rating on the stock in a research report on Monday, February 27th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza has an average rating of “Hold” and a consensus price target of $356.89.

Domino’s Pizza Stock Up 1.8 %

DPZ opened at $331.31 on Friday. The firm has a market cap of $11.71 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 1.94 and a beta of 0.79. Domino’s Pizza, Inc. has a 52 week low of $285.84 and a 52 week high of $426.44. The business’s 50 day moving average is $312.43 and its two-hundred day moving average is $331.10.

Domino’s Pizza (NYSE:DPZ – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The restaurant operator reported $2.93 EPS for the quarter, topping the consensus estimate of $2.66 by $0.27. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. Domino’s Pizza had a negative return on equity of 11.07% and a net margin of 10.24%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.50 earnings per share. Equities analysts expect that Domino’s Pizza, Inc. will post 13.34 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Wednesday, June 14th. Domino’s Pizza’s payout ratio is currently 37.32%.

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.

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Institutional Ownership by Quarter for Domino's Pizza (NYSE:DPZ)

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