Prudential PLC Buys 12,547 Shares of Domino’s Pizza Inc $DPZ

Prudential PLC grew its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 1,025.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,770 shares of the restaurant operator’s stock after buying an additional 12,547 shares during the quarter. Prudential PLC’s holdings in Domino’s Pizza were worth $5,740,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Huntleigh Advisors Inc. grew its stake in shares of Domino’s Pizza by 5.0% during the fourth quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock valued at $221,000 after buying an additional 25 shares during the last quarter. Lafayette Investments Inc. grew its stake in shares of Domino’s Pizza by 2.8% during the third quarter. Lafayette Investments Inc. now owns 955 shares of the restaurant operator’s stock valued at $412,000 after buying an additional 26 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Domino’s Pizza by 2.9% during the third quarter. Parallel Advisors LLC now owns 965 shares of the restaurant operator’s stock valued at $417,000 after buying an additional 27 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Domino’s Pizza by 1.2% during the third quarter. Bessemer Group Inc. now owns 2,317 shares of the restaurant operator’s stock valued at $1,000,000 after buying an additional 28 shares during the last quarter. Finally, Colonial Trust Co SC grew its stake in shares of Domino’s Pizza by 5.3% during the third quarter. Colonial Trust Co SC now owns 561 shares of the restaurant operator’s stock valued at $242,000 after buying an additional 28 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Stock Performance

NASDAQ DPZ opened at $313.99 on Friday. Domino’s Pizza Inc has a fifty-two week low of $297.48 and a fifty-two week high of $496.00. The stock has a 50 day simple moving average of $339.09 and a two-hundred day simple moving average of $382.59. The stock has a market cap of $10.44 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 1.46 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The business had revenue of $1.15 billion during the quarter. During the same period in the prior year, the business posted $4.33 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts predict that Domino’s Pizza Inc will post 19.07 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The company also recently disclosed 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 yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. Domino’s Pizza’s payout ratio is presently 45.83%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DPZ shares. BMO Capital Markets reduced their price objective on Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. UBS Group cut their target price on Domino’s Pizza from $480.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Jefferies Financial Group cut their target price on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. Northcoast Research cut their target price on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Finally, Gordon Haskett dropped their price objective on Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Seventeen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $418.13.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza 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 sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $2,928,672.32. The trade was a 4.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.89% of the company’s stock.

Domino’s Pizza Profile

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.