Sumitomo Mitsui DS Asset Management Company Ltd Has $1.94 Million Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,751 shares of the restaurant operator’s stock after selling 143 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Domino’s Pizza were worth $1,937,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in Domino’s Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 39 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of Domino’s Pizza in the first quarter valued at about $36,000. Versant Capital Management Inc raised its holdings in shares of Domino’s Pizza by 654.5% in the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 72 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Domino’s Pizza by 41.8% during the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after buying an additional 33 shares in the last quarter. Finally, ORG Partners LLC bought a new stake in Domino’s Pizza during the 2nd quarter worth about $62,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. TD Cowen reaffirmed a “buy” rating and issued a $610.00 target price on shares of Domino’s Pizza in a research note on Thursday, July 18th. JPMorgan Chase & Co. decreased their price objective on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. Barclays dropped their target price on Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating for the company in a research report on Friday, July 19th. The Goldman Sachs Group initiated coverage on Domino’s Pizza in a report on Thursday, June 13th. They issued a “buy” rating and a $612.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $517.39.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $414.21 on Friday. Domino’s Pizza, Inc. has a 1 year low of $330.05 and a 1 year high of $542.75. The company has a market capitalization of $14.45 billion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 2.24 and a beta of 0.87. The business has a 50-day moving average of $452.38 and a two-hundred day moving average of $475.24.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, topping the consensus estimate of $3.68 by $0.35. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $3.08 EPS. On average, equities analysts anticipate that Domino’s Pizza, Inc. will post 16.19 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Friday, September 13th. Domino’s Pizza’s payout ratio is presently 39.43%.

About Domino’s Pizza

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.