Envestnet Asset Management Inc. Raises Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Posted by Defense World Staff on Sep 1st, 2023

Envestnet Asset Management Inc. increased its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ – Free Report) by 29.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,891 shares of the restaurant operator’s stock after acquiring an additional 14,667 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.18% of Domino’s Pizza worth $21,405,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at about $369,800,000. Van ECK Associates Corp purchased a new position in shares of Domino’s Pizza in the 1st quarter valued at $102,420,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of 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 valued at $559,993,000 after acquiring an additional 306,750 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in Domino’s Pizza by 966.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 289,535 shares of the restaurant operator’s stock worth $100,295,000 after purchasing an additional 262,373 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Domino’s Pizza by 905.3% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 233,402 shares of the restaurant operator’s stock valued at $80,850,000 after purchasing an additional 210,184 shares in the last quarter. 92.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Domino’s Pizza

In other news, EVP Cynthia A. Headen sold 382 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $400.00, for a total value of $152,800.00. Following the completion of the transaction, the executive vice president now owns 4,333 shares of the company’s stock, valued at $1,733,200. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 427 shares of company stock worth $170,095 in the last three months. 0.76% of the stock is owned by company insiders.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $387.40 on Friday. Domino’s Pizza, Inc. has a 1 year low of $285.84 and a 1 year high of $409.95. The firm has a fifty day moving average of $374.82 and a 200-day moving average of $337.30. The company has a market cap of $13.59 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 2.18 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ – Get Free Report) last posted its earnings results on Monday, July 24th. The restaurant operator reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.06 by $0.02. Domino’s Pizza had a net margin of 10.49% and a negative return on equity of 11.24%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business posted $2.82 EPS. Domino’s Pizza’s revenue was down 3.8% on a year-over-year basis. Analysts predict that Domino’s Pizza, Inc. will post 13.73 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, September 14th. Domino’s Pizza’s dividend payout ratio is currently 36.58%.

Wall Street Analysts Forecast Growth

DPZ has been the topic of a number of recent research reports. StockNews.com began coverage on Domino’s Pizza in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Wedbush lifted their target price on Domino’s Pizza from $430.00 to $445.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Loop Capital increased their price target on Domino’s Pizza from $343.00 to $383.00 in a report on Tuesday, July 25th. Barclays raised their price objective on Domino’s Pizza from $270.00 to $320.00 and gave the company an “underweight” rating in a research note on Monday, July 24th. Finally, Evercore ISI upped their target price on Domino’s Pizza from $360.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Domino’s Pizza has a consensus rating of “Hold” and a consensus price target of $392.97.

Check Out Our Latest Research Report on DPZ

Domino’s Pizza Company Profile

(Free Report)

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.