Asset Management Group Inc. Acquires 396 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Asset Management Group Inc. boosted its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,100 shares of the restaurant operator’s stock after purchasing an additional 396 shares during the quarter. Domino’s Pizza comprises 1.8% of Asset Management Group Inc.’s portfolio, making the stock its 18th biggest holding. Asset Management Group Inc.’s holdings in Domino’s Pizza were worth $9,862,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its position in Domino’s Pizza by 0.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,007 shares of the restaurant operator’s stock worth $2,064,000 after purchasing an additional 39 shares during the last quarter. Bayesian Capital Management LP increased its stake in Domino’s Pizza by 701.3% during the first quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator’s stock worth $2,385,000 after acquiring an additional 4,201 shares during the last quarter. Bessemer Group Inc. raised its position in Domino’s Pizza by 34.9% during the first quarter. Bessemer Group Inc. now owns 4,950 shares of the restaurant operator’s stock valued at $2,460,000 after purchasing an additional 1,280 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Domino’s Pizza by 107.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after purchasing an additional 230,090 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Domino’s Pizza by 866.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock worth $25,737,000 after purchasing an additional 44,688 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $414.42 on Friday. The stock’s fifty day moving average price is $425.01 and its 200 day moving average price is $472.37. 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 cap of $14.45 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 2.14 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.08 earnings per share. As a group, equities research analysts anticipate that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

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

Wall Street Analyst Weigh In

DPZ has been the topic of several recent research reports. Oppenheimer decreased their price target on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday, September 6th. BMO Capital Markets cut their price objective on shares of Domino’s Pizza from $525.00 to $510.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Loop Capital reissued a “hold” rating and issued a $419.00 price objective on shares of Domino’s Pizza in a research report on Friday. Finally, Benchmark cut their target price on Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $507.93.

Domino’s Pizza Profile

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.