Keybank National Association OH Decreases Stock Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Keybank National Association OH trimmed its stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,098 shares of the restaurant operator’s stock after selling 50 shares during the period. Keybank National Association OH’s holdings in Domino’s Pizza were worth $461,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in DPZ. Janney Montgomery Scott LLC raised its holdings in shares of Domino’s Pizza by 7.9% during the third quarter. Janney Montgomery Scott LLC now owns 2,924 shares of the restaurant operator’s stock valued at $1,258,000 after purchasing an additional 215 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Domino’s Pizza by 2.2% during the third quarter. Amalgamated Bank now owns 7,411 shares of the restaurant operator’s stock valued at $3,188,000 after purchasing an additional 160 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Domino’s Pizza by 1.4% during the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock valued at $716,681,000 after purchasing an additional 23,681 shares during the last quarter. Portside Wealth Group LLC raised its holdings in shares of Domino’s Pizza by 46.5% during the third quarter. Portside Wealth Group LLC now owns 668 shares of the restaurant operator’s stock valued at $287,000 after purchasing an additional 212 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC purchased a new position in shares of Domino’s Pizza during the third quarter valued at approximately $221,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DPZ has been the subject of several recent research reports. Benchmark restated a “buy” rating and set a $520.00 target price on shares of Domino’s Pizza in a research report on Tuesday, February 25th. TD Cowen restated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, February 24th. TD Securities restated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, February 24th. Oppenheimer boosted their target price on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, Stephens restated an “equal weight” rating and set a $440.00 target price on shares of Domino’s Pizza in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $503.41.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $472.05 on Monday. The stock has a 50 day moving average price of $449.79 and a 200-day moving average price of $437.76. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75. The stock has a market cap of $16.19 billion, a price-to-earnings ratio of 29.00, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.48 earnings per share. Sell-side analysts predict that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $1.74 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a yield of 1.47%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.70%.

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.