Meeder Asset Management Inc. acquired a new position in Domino’s Pizza Inc (NYSE:DPZ) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 755 shares of the restaurant operator’s stock, valued at approximately $160,000.
Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Domino’s Pizza by 2,338.4% in the first quarter. BlackRock Inc. now owns 5,344,824 shares of the restaurant operator’s stock worth $985,052,000 after buying an additional 5,125,632 shares during the period. Vanguard Group Inc. boosted its stake in shares of Domino’s Pizza by 3.2% in the first quarter. Vanguard Group Inc. now owns 3,837,342 shares of the restaurant operator’s stock worth $707,222,000 after buying an additional 120,692 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Domino’s Pizza by 32.1% in the first quarter. Renaissance Technologies LLC now owns 2,130,700 shares of the restaurant operator’s stock worth $392,688,000 after buying an additional 517,200 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Domino’s Pizza by 499.8% in the first quarter. Ameriprise Financial Inc. now owns 1,750,503 shares of the restaurant operator’s stock worth $322,614,000 after buying an additional 1,458,667 shares during the period. Finally, State Street Corp boosted its stake in shares of Domino’s Pizza by 1.1% in the first quarter. State Street Corp now owns 1,538,004 shares of the restaurant operator’s stock worth $283,451,000 after buying an additional 16,726 shares during the period. 98.55% of the stock is owned by hedge funds and other institutional investors.
Domino’s Pizza Inc (NYSE DPZ) opened at 192.86 on Friday. The firm’s 50-day moving average is $203.55 and its 200 day moving average is $193.35. Domino’s Pizza Inc has a 52-week low of $143.47 and a 52-week high of $221.58. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 38.33 and a beta of 0.35.
Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.09. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. The company had revenue of $628.61 million for the quarter, compared to analysts’ expectations of $609.87 million. During the same quarter in the previous year, the company posted $0.98 EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities research analysts predict that Domino’s Pizza Inc will post $5.70 EPS for the current fiscal year.
Domino’s Pizza announced that its Board of Directors has initiated a stock repurchase program on Wednesday, August 2nd that allows the company to buyback $1.25 billion in outstanding shares. This buyback authorization allows the restaurant operator to reacquire up to 13.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.84 annualized dividend and a yield of 0.95%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 36.65%.
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A number of analysts have recently issued reports on DPZ shares. BidaskClub cut shares of Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Instinet reissued a “neutral” rating and issued a $198.00 price objective (up from $196.00) on shares of Domino’s Pizza in a research note on Saturday, July 22nd. BTIG Research reissued a “buy” rating and issued a $233.00 price objective (up from $213.00) on shares of Domino’s Pizza in a research note on Thursday, June 1st. Zacks Investment Research lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $212.00 target price on shares of Domino’s Pizza in a research report on Tuesday, July 18th. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $195.38.
About Domino’s Pizza
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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