K.J. Harrison & Partners Inc Invests $1.04 Million in Domino’s Pizza Inc $DPZ

K.J. Harrison & Partners Inc bought a new position in Domino’s Pizza Inc (NASDAQ:DPZ) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 2,500 shares of the restaurant operator’s stock, valued at approximately $1,042,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Domino’s Pizza by 10.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock worth $28,544,000 after purchasing an additional 6,223 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Domino’s Pizza by 3.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,543 shares of the restaurant operator’s stock worth $1,894,000 after acquiring an additional 143 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in Domino’s Pizza by 12.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 459 shares of the restaurant operator’s stock valued at $191,000 after acquiring an additional 52 shares during the period. Benjamin Edwards Inc. boosted its holdings in Domino’s Pizza by 34.5% during the 4th quarter. Benjamin Edwards Inc. now owns 8,103 shares of the restaurant operator’s stock valued at $3,377,000 after acquiring an additional 2,078 shares during the period. Finally, Danske Bank A S boosted its holdings in Domino’s Pizza by 6.4% during the 4th quarter. Danske Bank A S now owns 17,644 shares of the restaurant operator’s stock valued at $7,354,000 after acquiring an additional 1,060 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Up 2.4%

Shares of NASDAQ DPZ opened at $332.53 on Friday. The business has a fifty day simple moving average of $373.16 and a two-hundred day simple moving average of $396.96. The firm has a market cap of $11.06 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 1.50 and a beta of 1.02. Domino’s Pizza Inc has a twelve month low of $322.17 and a twelve month high of $499.08.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The firm had revenue of $1.15 billion for the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $4.33 earnings per share. On average, research analysts expect that Domino’s Pizza Inc will post 19.22 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $1.99 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.4%. Domino’s Pizza’s payout ratio is 45.83%.

Insiders Place Their Bets

In other news, EVP Kelly E. Garcia sold 488 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $332.31, for a total transaction of $162,167.28. Following the transaction, the executive vice president directly owned 9,352 shares in the company, valued at approximately $3,107,763.12. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.89% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DPZ shares. HSBC dropped their price objective on Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Barclays dropped their price objective on Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating for the company in a report on Monday, April 27th. Citigroup dropped their price objective on Domino’s Pizza from $425.00 to $365.00 and set a “neutral” rating for the company in a report on Tuesday, April 28th. Sanford C. Bernstein dropped their price objective on Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating for the company in a report on Tuesday, April 28th. Finally, Loop Capital dropped their price objective on Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $421.35.

Domino’s Pizza Company Profile

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.