Mitsubishi UFJ Trust & Banking Corp Boosts Stake in Domino’s Pizza Inc $DPZ

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 34.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 39,589 shares of the restaurant operator’s stock after acquiring an additional 10,134 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Domino’s Pizza were worth $16,501,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jump Financial LLC purchased a new stake in Domino’s Pizza during the second quarter valued at about $3,183,000. Investment Management Corp of Ontario increased its position in shares of Domino’s Pizza by 68.3% during the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock valued at $718,000 after purchasing an additional 647 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Domino’s Pizza by 21.7% during the 2nd quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock valued at $36,480,000 after buying an additional 14,452 shares in the last quarter. Glenview Trust co raised its holdings in shares of Domino’s Pizza by 36.9% during the 2nd quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock valued at $511,000 after buying an additional 306 shares in the last quarter. Finally, HUB Investment Partners LLC lifted its position in Domino’s Pizza by 17.3% in the 2nd quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock worth $596,000 after buying an additional 195 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DPZ. Stifel Nicolaus set a $400.00 price target on shares of Domino’s Pizza in a research report on Monday. The Goldman Sachs Group cut their price objective on shares of Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating for the company in a research note on Tuesday. Morgan Stanley reduced their target price on shares of Domino’s Pizza from $430.00 to $395.00 and set an “equal weight” rating on the stock in a report on Tuesday. Jefferies Financial Group cut their price target on shares of Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, TD Cowen reaffirmed a “hold” rating and set a $400.00 price objective on shares of Domino’s Pizza in a research note on Monday. 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $421.35.

Domino’s Pizza Stock Up 2.1%

NASDAQ:DPZ opened at $339.42 on Friday. The firm has a market capitalization of $11.29 billion, a P/E ratio of 19.54, a P/E/G ratio of 1.52 and a beta of 1.18. The company has a fifty day moving average of $377.36 and a 200 day moving average of $399.05. Domino’s Pizza Inc has a 52 week low of $326.54 and a 52 week high of $499.08.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The firm had revenue of $1.15 billion during the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.33 EPS. As a group, analysts anticipate that Domino’s Pizza Inc will post 19.3 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.3%. Domino’s Pizza’s dividend payout ratio is presently 45.83%.

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.