Norges Bank Takes $285.12 Million Position in Domino’s Pizza Inc $DPZ

Norges Bank acquired a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 684,026 shares of the restaurant operator’s stock, valued at approximately $285,116,000.

Other institutional investors have also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Domino’s Pizza by 97.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 34 shares in the last quarter. Johnson Financial Group Inc. grew its position in shares of Domino’s Pizza by 200.0% during the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 56 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Domino’s Pizza during the second quarter valued at about $46,000. Smartleaf Asset Management LLC grew its position in shares of Domino’s Pizza by 64.2% during the third quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 43 shares in the last quarter. Finally, Atlantic Union Bankshares Corp grew its position in shares of Domino’s Pizza by 85.5% during the third quarter. Atlantic Union Bankshares Corp now owns 141 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Activity

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the completion of the transaction, the executive vice president owned 9,352 shares in the company, valued at $2,928,672.32. The trade was a 4.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.89% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DPZ has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on Domino’s Pizza from $450.00 to $440.00 and set an “overweight” rating for the company in a research report on Friday, April 24th. Sanford C. Bernstein dropped their price target on Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating for the company in a research report on Tuesday, April 28th. Mizuho dropped their price target on Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. Evercore dropped their price target on Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. Finally, Morgan Stanley dropped their price target on Domino’s Pizza from $430.00 to $395.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 28th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Hold” and an average target price of $418.13.

Domino’s Pizza Trading Down 2.0%

DPZ opened at $307.53 on Wednesday. The firm has a market cap of $10.23 billion, a P/E ratio of 17.70, a P/E/G ratio of 1.45 and a beta of 0.97. Domino’s Pizza Inc has a 12 month low of $297.48 and a 12 month high of $496.00. The stock has a 50-day moving average of $343.63 and a 200 day moving average of $385.20.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The business had revenue of $1.15 billion for the quarter. During the same period in the previous year, the business earned $4.33 EPS. Domino’s Pizza’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, research analysts forecast that Domino’s Pizza Inc will post 19.14 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s payout ratio is 45.83%.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.