Rothschild Asset Management Inc. lowered its position in shares of Domino’s Pizza Inc (NYSE:DPZ) by 12.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,618 shares of the restaurant operator’s stock after selling 372 shares during the period. Rothschild Asset Management Inc.’s holdings in Domino’s Pizza were worth $554,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. MCF Advisors LLC raised its stake in shares of Domino’s Pizza by 0.5% in the first quarter. MCF Advisors LLC now owns 879 shares of the restaurant operator’s stock worth $162,000 after buying an additional 4 shares during the period. M Holdings Securities Inc. raised its stake in shares of Domino’s Pizza by 0.6% in the first quarter. M Holdings Securities Inc. now owns 3,263 shares of the restaurant operator’s stock worth $601,000 after buying an additional 19 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Domino’s Pizza by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 11,947 shares of the restaurant operator’s stock worth $2,528,000 after buying an additional 30 shares during the period. Tyers Asset Management LLC raised its stake in shares of Domino’s Pizza by 2.7% in the first quarter. Tyers Asset Management LLC now owns 1,840 shares of the restaurant operator’s stock worth $339,000 after buying an additional 48 shares during the period. Finally, Elkfork Partners LLC raised its stake in shares of Domino’s Pizza by 2.7% in the first quarter. Elkfork Partners LLC now owns 2,530 shares of the restaurant operator’s stock worth $466,000 after buying an additional 66 shares during the period. 98.55% of the stock is owned by institutional investors and hedge funds.
Domino’s Pizza Inc (DPZ) opened at 192.86 on Friday. Domino’s Pizza Inc has a 1-year low of $143.47 and a 1-year high of $221.58. The stock has a market cap of $9.31 billion, a price-to-earnings ratio of 38.33 and a beta of 0.35. The firm has a 50-day moving average price of $203.55 and a 200 day moving average price of $193.35.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.09. Domino’s Pizza had a negative return on equity of 13.28% and a net margin of 9.40%. The company had revenue of $628.61 million for the quarter, compared to the consensus estimate of $609.87 million. During the same quarter in the prior year, the business earned $0.98 EPS. Domino’s Pizza’s revenue was up 14.8% on a year-over-year basis. On average, equities research analysts anticipate that Domino’s Pizza Inc will post $5.70 EPS for the current fiscal year.
Domino’s Pizza declared that its board has approved a share repurchase plan on Wednesday, August 2nd that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the restaurant operator to reacquire up to 13.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.95%. Domino’s Pizza’s payout ratio is currently 36.65%.
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A number of equities research analysts have issued reports on the stock. Guggenheim assumed coverage on shares of Domino’s Pizza in a report on Friday, April 21st. They set a “buy” rating and a $192.00 price objective for the company. BidaskClub lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and set a $217.00 target price for the company in a research report on Thursday. Stephens upgraded Domino’s Pizza from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $210.00 to $185.00 in a research report on Wednesday, July 26th. Finally, Instinet reiterated a “neutral” rating and set a $196.00 target price (up from $174.00) on shares of Domino’s Pizza in a research report on Saturday, April 29th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Domino’s Pizza presently has a consensus rating of “Hold” and a consensus price target of $195.38.
Domino’s Pizza Company Profile
Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.
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