J.Safra Asset Management Corp Purchases Shares of 345 Domino’s Pizza, Inc. (NASDAQ:DPZ)

J.Safra Asset Management Corp purchased a new stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 345 shares of the restaurant operator’s stock, valued at approximately $145,000.

Several other hedge funds have also bought and sold shares of DPZ. KG&L Capital Management LLC increased its holdings in Domino’s Pizza by 1.4% during the 4th quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock worth $724,000 after purchasing an additional 23 shares during the period. Oppenheimer & Co. Inc. grew its stake in Domino’s Pizza by 2.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock worth $486,000 after buying an additional 23 shares during the last quarter. Greenleaf Trust grew its stake in Domino’s Pizza by 3.1% during the 4th quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock worth $358,000 after buying an additional 26 shares during the last quarter. Stephens Inc. AR grew its stake in Domino’s Pizza by 1.3% during the 4th quarter. Stephens Inc. AR now owns 2,413 shares of the restaurant operator’s stock worth $1,013,000 after buying an additional 31 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in Domino’s Pizza by 3.3% during the 4th quarter. Principal Securities Inc. now owns 1,076 shares of the restaurant operator’s stock worth $452,000 after buying an additional 34 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $476.18 on Thursday. The firm has a market cap of $16.33 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. The firm’s 50-day simple moving average is $447.99 and its 200-day simple moving average is $437.05. 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 issued its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 12.26% and a negative return on equity of 14.35%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $4.48 EPS. On average, equities analysts predict that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is currently 41.70%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DPZ. Wedbush reissued an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 25th. 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. Benchmark reissued a “buy” rating and issued a $520.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 25th. Citigroup boosted their price objective on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Finally, Stephens reissued an “equal weight” rating and issued a $440.00 price objective on shares of Domino’s Pizza in a report on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $503.41.

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.