E Fund Management Co. Ltd. Makes New $477,000 Investment in Domino’s Pizza, Inc. (NASDAQ:DPZ)

E Fund Management Co. Ltd. acquired a new position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,136 shares of the restaurant operator’s stock, valued at approximately $477,000.

A number of other large investors also recently bought and sold shares of DPZ. Sherman Asset Management Inc. purchased a new position in Domino’s Pizza during the 4th quarter worth $25,000. True Wealth Design LLC increased its holdings in shares of Domino’s Pizza by 2,033.3% in the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares in the last quarter. Rakuten Securities Inc. increased its holdings in shares of Domino’s Pizza by 195.6% in the 3rd quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 88 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of Domino’s Pizza by 34.3% in the 4th quarter. Private Trust Co. NA now owns 145 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 37 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Domino’s Pizza by 37.6% in the 4th quarter. Allworth Financial LP now owns 150 shares of the restaurant operator’s stock valued at $66,000 after purchasing an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

DPZ has been the subject of a number of research analyst reports. Loop Capital cut their price target on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. TD Cowen reiterated a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a report on Monday, February 24th. Robert W. Baird cut their price target on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Oppenheimer increased their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Wedbush reissued an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, February 25th. One equities 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $503.41.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $472.05 on Friday. The firm has a market cap of $16.19 billion, a P/E ratio of 29.00, a PEG ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $542.75. The firm’s 50-day simple moving average is $448.94 and its 200-day simple moving average is $437.35.

Domino’s Pizza (NASDAQ:DPZ) last announced 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 for the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.48 earnings per share. Analysts expect that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal 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 dividend of $1.74 per share. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, March 14th. Domino’s Pizza’s dividend payout ratio is presently 41.70%.

About Domino’s Pizza

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.