Domino’s Pizza Inc (NASDAQ:DPZ) Shares Acquired by Amalgamated Bank

Amalgamated Bank lifted its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 1.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,924 shares of the restaurant operator’s stock after buying an additional 75 shares during the quarter. Amalgamated Bank’s holdings in Domino’s Pizza were worth $3,181,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Praxis Investment Management Inc. acquired a new position in Domino’s Pizza during the 1st quarter worth approximately $414,000. Sowell Financial Services LLC acquired a new position in shares of Domino’s Pizza during the first quarter worth $282,000. Merit Financial Group LLC grew its stake in shares of Domino’s Pizza by 88.5% during the first quarter. Merit Financial Group LLC now owns 1,591 shares of the restaurant operator’s stock worth $731,000 after purchasing an additional 747 shares in the last quarter. Fiduciary Group LLC grew its stake in shares of Domino’s Pizza by 49.2% during the fourth quarter. Fiduciary Group LLC now owns 3,760 shares of the restaurant operator’s stock worth $1,578,000 after purchasing an additional 1,240 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Domino’s Pizza by 53,740.4% during the first quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator’s stock worth $119,480,000 after purchasing an additional 259,566 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $456.00 on Friday. Domino’s Pizza Inc has a 1-year low of $396.06 and a 1-year high of $509.09. The company has a market cap of $15.61 billion, a PE ratio of 26.15, a P/E/G ratio of 2.57 and a beta of 1.09. The stock has a fifty day moving average price of $469.77 and a 200 day moving average price of $457.68.

Domino’s Pizza (NASDAQ:DPZ) last released 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 analysts’ expectations of $1.12 billion. Domino’s Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $3.58 EPS. Analysts anticipate that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on DPZ shares. Loop Capital upped their price objective on Domino’s Pizza from $555.00 to $564.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Benchmark upped their price target on Domino’s Pizza from $520.00 to $535.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. BTIG Research set a $530.00 price target on Domino’s Pizza and gave the company a “buy” rating in a report on Monday, April 28th. Hsbc Global Res raised Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, April 22nd. Finally, Morgan Stanley upped their target price on shares of Domino’s Pizza from $492.00 to $510.00 and gave the company an “overweight” rating in a report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.