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Bessemer Securities LLC Purchases 1,027 Shares of Domino's Pizza, Inc. (NYSE:DPZ)

Sep 23, 2023

Bessemer Securities LLC boosted its position in Domino's Pizza, Inc. (NYSE:DPZ - Get Rating) by 37.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,738 shares of the restaurant operator's stock after acquiring an additional 1,027 shares during the period. Bessemer Securities LLC's holdings in Domino's Pizza were worth $1,295,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DPZ. General Partner Inc. purchased a new position in shares of Domino's Pizza during the fourth quarter worth about $28,000. Luken Investment Analytics LLC purchased a new stake in shares of Domino's Pizza during the fourth quarter valued at approximately $35,000. First Horizon Advisors Inc. grew its holdings in shares of Domino's Pizza by 41.7% in the third quarter. First Horizon Advisors Inc. now owns 136 shares of the restaurant operator's stock worth $41,000 after purchasing an additional 40 shares during the last quarter. Piershale Financial Group Inc. bought a new position in shares of Domino's Pizza in the fourth quarter worth approximately $57,000. Finally, Belpointe Asset Management LLC bought a new position in shares of Domino's Pizza in the fourth quarter worth approximately $63,000. 90.32% of the stock is currently owned by institutional investors.

A number of analysts recently commented on the company. BTIG Research dropped their price target on Domino's Pizza from $460.00 to $400.00 and set a "buy" rating for the company in a research note on Friday, February 24th. Credit Suisse Group raised their price objective on Domino's Pizza from $335.00 to $355.00 in a research report on Friday, April 28th. Citigroup lifted their price target on Domino's Pizza from $343.00 to $349.00 in a research report on Friday, April 28th. Bank of America lifted their price objective on Domino's Pizza from $409.00 to $415.00 in a report on Friday, April 28th. Finally, Cowen lowered their price objective on Domino's Pizza from $362.00 to $320.00 and set a "market perform" rating on the stock in a research report on Friday, February 24th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, Domino's Pizza presently has a consensus rating of "Hold" and a consensus target price of $356.04.

DPZ traded down $1.71 on Monday, hitting $301.48. 216,216 shares of the company traded hands, compared to its average volume of 750,106. The company has a 50 day moving average of $316.93 and a 200-day moving average of $335.66. The stock has a market capitalization of $10.65 billion, a PE ratio of 23.35, a PEG ratio of 1.92 and a beta of 0.79. Domino's Pizza, Inc. has a 12-month low of $285.84 and a 12-month high of $426.44.

Domino's Pizza (NYSE:DPZ - Get Rating) last released its earnings results on Thursday, April 27th. The restaurant operator reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.27. The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.04 billion. Domino's Pizza had a negative return on equity of 11.07% and a net margin of 10.24%. The firm's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.50 EPS. On average, research analysts anticipate that Domino's Pizza, Inc. will post 13.33 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Wednesday, June 14th. Domino's Pizza's dividend payout ratio is currently 37.32%.

In other Domino's Pizza news, EVP Cynthia A. Headen sold 136 shares of the firm's stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $300.00, for a total value of $40,800.00. Following the sale, the executive vice president now directly owns 4,867 shares of the company's stock, valued at approximately $1,460,100. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.76% of the company's stock.

Domino's Pizza, Inc engages in the management of a network of company-owned and franchise-owned pizza stores. It operates through the following segments: U.S. Stores, International Franchise, and Supply Chain. The U.S. Stores segment consists primarily of franchise operations. The International Franchise segment comprises a network of franchised stores.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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