J. Safra Sarasin Holding AG Makes New $609,000 Investment in Domino’s Pizza Inc $DPZ

J. Safra Sarasin Holding AG bought a new stake in Domino’s Pizza Inc (NASDAQ:DPZ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,461 shares of the restaurant operator’s stock, valued at approximately $609,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Berkshire Hathaway Inc grew its position in Domino’s Pizza by 13.2% in the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock worth $1,287,335,000 after acquiring an additional 348,077 shares during the period. Principal Financial Group Inc. raised its position in Domino’s Pizza by 1.8% in the third quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock valued at $760,939,000 after purchasing an additional 30,647 shares during the period. Invesco Ltd. lifted its stake in shares of Domino’s Pizza by 9.3% in the 3rd quarter. Invesco Ltd. now owns 919,830 shares of the restaurant operator’s stock valued at $397,100,000 after purchasing an additional 78,594 shares during the last quarter. Marshfield Associates lifted its stake in shares of Domino’s Pizza by 4.0% in the 3rd quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock valued at $321,415,000 after purchasing an additional 28,765 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Domino’s Pizza by 9.0% during the 2nd quarter. Bank of America Corp DE now owns 560,058 shares of the restaurant operator’s stock worth $252,362,000 after purchasing an additional 46,098 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Trading Up 2.6%

NASDAQ:DPZ opened at $370.82 on Friday. Domino’s Pizza Inc has a 12-month low of $346.31 and a 12-month high of $499.08. The firm has a market cap of $12.47 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18. The stock has a fifty day moving average price of $389.93 and a 200 day moving average price of $407.80.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing the consensus estimate of $5.38 by ($0.03). The company had revenue of $1.54 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.Domino’s Pizza’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $4.89 EPS. Equities analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 13th were issued a $1.99 dividend. This represents a $7.96 annualized dividend and a yield of 2.1%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.74. The ex-dividend date of this dividend was Friday, March 13th. Domino’s Pizza’s dividend payout ratio is 45.30%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Sanford C. Bernstein restated a “market perform” rating and issued a $470.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Domino’s Pizza in a research report on Friday, March 27th. Evercore reissued an “outperform” rating and issued a $510.00 price target on shares of Domino’s Pizza in a research note on Tuesday, February 24th. Benchmark restated a “buy” rating on shares of Domino’s Pizza in a report on Monday, February 23rd. Finally, BTIG Research reaffirmed a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $475.93.

About Domino’s Pizza

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.