Domino’s Pizza Inc (NASDAQ:DPZ) Shares Sold by KBC Group NV

KBC Group NV lowered its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 7.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,680 shares of the restaurant operator’s stock after selling 363 shares during the quarter. KBC Group NV’s holdings in Domino’s Pizza were worth $2,149,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Goodman Advisory Group LLC acquired a new stake in Domino’s Pizza during the first quarter worth approximately $3,595,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Domino’s Pizza by 3.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 80,546 shares of the restaurant operator’s stock valued at $37,007,000 after purchasing an additional 2,391 shares during the last quarter. Lafayette Investments Inc. boosted its holdings in shares of Domino’s Pizza by 10.9% in the 1st quarter. Lafayette Investments Inc. now owns 905 shares of the restaurant operator’s stock valued at $416,000 after purchasing an additional 89 shares during the last quarter. Achmea Investment Management B.V. boosted its holdings in shares of Domino’s Pizza by 27.6% in the 1st quarter. Achmea Investment Management B.V. now owns 15,154 shares of the restaurant operator’s stock valued at $6,963,000 after purchasing an additional 3,281 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its holdings in shares of Domino’s Pizza by 27.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 25,025 shares of the restaurant operator’s stock valued at $11,498,000 after purchasing an additional 5,410 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $456.00 on Friday. The company’s 50 day moving average price is $470.41 and its 200 day moving average price is $457.61. Domino’s Pizza Inc has a 52 week low of $396.06 and a 52 week high of $509.09. The company has a market capitalization of $15.61 billion, a PE ratio of 26.15, a PEG ratio of 2.58 and a beta of 1.09.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping the consensus estimate of $4.12 by $0.21. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Domino’s Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.58 earnings per share. On average, equities analysts forecast that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Friday, June 13th. Domino’s Pizza’s payout ratio is 39.91%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DPZ. Loop Capital raised their target price on shares of Domino’s Pizza from $555.00 to $564.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Royal Bank Of Canada raised their target price on shares of Domino’s Pizza from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Tuesday, April 29th. Stephens reissued an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a research note on Wednesday, April 2nd. Redburn Atlantic assumed coverage on shares of Domino’s Pizza in a research note on Tuesday, June 10th. They issued a “sell” rating and a $340.00 target price on the stock. Finally, Hsbc Global Res raised shares of Domino’s Pizza to a “strong-buy” rating in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average target price of $487.17.

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.