Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 7.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,849 shares of the restaurant operator’s stock after selling 562 shares during the quarter. Amalgamated Bank’s holdings in Domino’s Pizza were worth $2,875,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC increased its holdings in Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares during the last quarter. Rakuten Securities Inc. grew its position in shares of Domino’s Pizza by 195.6% during the third quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock worth $57,000 after buying an additional 88 shares in the last quarter. Allworth Financial LP increased its stake in shares of Domino’s Pizza by 37.6% in the fourth quarter. Allworth Financial LP now owns 150 shares of the restaurant operator’s stock worth $66,000 after buying an additional 41 shares during the last quarter. Blue Trust Inc. raised its holdings in Domino’s Pizza by 57.9% in the fourth quarter. Blue Trust Inc. now owns 199 shares of the restaurant operator’s stock valued at $86,000 after acquiring an additional 73 shares in the last quarter. Finally, ORG Wealth Partners LLC boosted its stake in Domino’s Pizza by 21.3% during the 4th quarter. ORG Wealth Partners LLC now owns 262 shares of the restaurant operator’s stock valued at $110,000 after acquiring an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. TD Cowen reissued a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, February 24th. TD Securities reissued a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a report on Monday, February 24th. Loop Capital reduced their target price on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Oppenheimer lifted their target price on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, Wedbush restated an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $503.41.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $489.71 on Friday. The stock has a market cap of $16.80 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 2.47 and a beta of 0.90. Domino’s Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75. The business has a fifty day moving average of $444.92 and a 200-day moving average of $436.26.

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

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $1.74 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a dividend yield of 1.42%. Domino’s Pizza’s dividend payout ratio (DPR) is 41.70%.

Domino’s Pizza Company 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.