Handelsbanken Fonder AB Acquires 291 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Handelsbanken Fonder AB grew its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,569 shares of the restaurant operator’s stock after purchasing an additional 291 shares during the quarter. Handelsbanken Fonder AB’s holdings in Domino’s Pizza were worth $2,338,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Berkshire Hathaway Inc bought a new stake in Domino’s Pizza during the third quarter valued at about $549,399,000. FMR LLC lifted its position in shares of Domino’s Pizza by 16.3% during the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after buying an additional 307,528 shares during the last quarter. Champlain Investment Partners LLC bought a new stake in shares of Domino’s Pizza in the 3rd quarter valued at about $99,352,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Domino’s Pizza in the 4th quarter worth approximately $41,701,000. Finally, Jennison Associates LLC raised its stake in shares of Domino’s Pizza by 75.3% during the 3rd quarter. Jennison Associates LLC now owns 214,473 shares of the restaurant operator’s stock worth $92,253,000 after acquiring an additional 92,137 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Down 1.5 %

DPZ stock opened at $455.64 on Tuesday. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75. The company’s 50-day simple moving average is $441.12 and its 200-day simple moving average is $435.12. The firm has a market cap of $15.73 billion, a P/E ratio of 27.99, a PEG ratio of 2.47 and a beta of 0.90.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on DPZ. Oppenheimer raised their target price 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. Barclays lowered their price objective on Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating for the company in a research report on Friday, January 24th. TD Cowen reaffirmed a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Monday. Morgan Stanley lowered their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Finally, Citigroup boosted their price target on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $501.41.

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.