Infusive Asset Management Inc. Makes New Investment in Domino’s Pizza, Inc. (NYSE:DPZ)

Infusive Asset Management Inc. acquired a new position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) in the 3rd quarter, HoldingsChannel reports. The fund acquired 6,094 shares of the restaurant operator’s stock, valued at approximately $2,621,000.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Domino’s Pizza by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock valued at $98,545,000 after purchasing an additional 2,201 shares during the period. Commerce Bank raised its stake in Domino’s Pizza by 17.7% during the 3rd quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock worth $4,024,000 after buying an additional 1,404 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Domino’s Pizza by 866.4% in the second quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock worth $25,737,000 after acquiring an additional 44,688 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Domino’s Pizza by 130.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,387 shares of the restaurant operator’s stock valued at $1,232,000 after acquiring an additional 1,350 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Domino’s Pizza by 422.7% during the first quarter. Cetera Investment Advisers now owns 7,721 shares of the restaurant operator’s stock worth $3,836,000 after purchasing an additional 6,244 shares during the period. Institutional investors own 94.63% of the company’s stock.

Insider Transactions at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the transaction, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at approximately $902,394. This trade represents a 57.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andrew Balson sold 6,970 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the transaction, the director now owns 15,390 shares in the company, valued at $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DPZ shares. Bank of America dropped their price objective on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Citigroup dropped their target price on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. BMO Capital Markets reduced their target price on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Finally, Jefferies Financial Group reduced their target price on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating for the company in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $495.76.

Domino’s Pizza Stock Down 0.1 %

Domino’s Pizza stock opened at $472.34 on Friday. The business has a 50-day simple moving average of $430.68 and a 200 day simple moving average of $454.55. Domino’s Pizza, Inc. has a 52 week low of $383.05 and a 52 week high of $542.75. The stock has a market cap of $16.31 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 2.55 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping the consensus estimate of $3.65 by $0.54. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino’s Pizza’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.18 earnings per share. On average, research analysts anticipate that Domino’s Pizza, Inc. will post 16.82 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 Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is currently 37.10%.

Domino’s Pizza Company 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.