Amalgamated Bank Decreases Stock Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Amalgamated Bank cut its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,849 shares of the restaurant operator’s stock after selling 562 shares during the period. Amalgamated Bank’s holdings in Domino’s Pizza were worth $2,875,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in DPZ. True Wealth Design LLC raised its stake in shares of 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 buying an additional 61 shares during the last quarter. Rakuten Securities Inc. increased its holdings in Domino’s Pizza by 195.6% during the 3rd quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock valued at $57,000 after acquiring an additional 88 shares in the last quarter. Allworth Financial LP raised its position in Domino’s Pizza by 37.6% during the fourth quarter. Allworth Financial LP now owns 150 shares of the restaurant operator’s stock worth $66,000 after acquiring an additional 41 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of 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 purchasing an additional 73 shares in the last quarter. Finally, ORG Wealth Partners LLC grew its position in shares of Domino’s Pizza by 21.3% in the fourth quarter. ORG Wealth Partners LLC now owns 262 shares of the restaurant operator’s stock valued at $110,000 after purchasing an additional 46 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DPZ has been the subject of several research reports. BMO Capital Markets lifted their price objective on Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Loop Capital cut their price target on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Barclays increased their price objective on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research note on Tuesday, February 25th. Morgan Stanley dropped their price objective on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, TD Securities restated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ opened at $489.71 on Friday. The stock has a 50-day simple moving average of $444.92 and a 200-day simple moving average of $436.26. The stock has a market capitalization of $16.80 billion, a P/E 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.

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

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $1.74 dividend. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, March 14th. Domino’s Pizza’s dividend payout ratio is currently 41.70%.

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.