Pictet Asset Management Holding SA Has $10.02 Million Holdings in Domino’s Pizza Inc $DPZ

Pictet Asset Management Holding SA lifted its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 85.0% in the 1st quarter, Holdings Channel reports. The fund owned 27,942 shares of the restaurant operator’s stock after acquiring an additional 12,839 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Domino’s Pizza were worth $10,023,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DPZ. SHP Wealth Management bought a new position in Domino’s Pizza during the 4th quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Domino’s Pizza by 97.1% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 34 shares in the last quarter. MBM Wealth Consultants LLC acquired a new position in shares of Domino’s Pizza during the first quarter worth about $31,000. Johnson Financial Group Inc. boosted its position in shares of Domino’s Pizza by 200.0% during the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after buying an additional 56 shares during the period. Finally, Arax Advisory Partners acquired a new position in shares of Domino’s Pizza during the fourth quarter worth about $42,000. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $311.66 on Friday. The business has a 50-day moving average of $314.84 and a 200-day moving average of $367.20. The stock has a market capitalization of $10.37 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.45 and a beta of 0.97. Domino’s Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company had revenue of $1.15 billion for the quarter. During the same quarter in the previous year, the firm earned $4.33 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts expect that Domino’s Pizza Inc will post 18.99 EPS for the current year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $1.99 per share. The ex-dividend date was Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.6%. Domino’s Pizza’s dividend payout ratio is currently 45.83%.

Insider Activity

In other news, EVP Kelly E. Garcia sold 487 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $311.74, for a total value of $151,817.38. Following the completion of the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $2,915,392.48. This represents a 4.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 1,463 shares of company stock worth $466,807. Corporate insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DPZ. Argus raised Domino’s Pizza to a “hold” rating in a research report on Monday, March 9th. JPMorgan Chase & Co. reduced their price target on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating for the company in a research report on Tuesday, June 23rd. BTIG Research decreased their price target on shares of Domino’s Pizza from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Gordon Haskett decreased their price target on shares of Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Finally, UBS Group lowered their price objective on shares of Domino’s Pizza from $425.00 to $375.00 and set a “buy” rating on the stock in a report on Thursday. Seventeen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $411.35.

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.