Arizona State Retirement System increased its stake in shares of Domino’s Pizza Inc (NYSE:DPZ) by 1.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,300 shares of the restaurant operator’s stock after buying an additional 300 shares during the period. Arizona State Retirement System’s holdings in Domino’s Pizza were worth $4,294,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. IHT Wealth Management LLC boosted its stake in shares of Domino’s Pizza by 19.5% in the first quarter. IHT Wealth Management LLC now owns 569 shares of the restaurant operator’s stock valued at $105,000 after buying an additional 93 shares during the last quarter. TrimTabs Asset Management LLC boosted its stake in shares of Domino’s Pizza by 88.4% in the first quarter. TrimTabs Asset Management LLC now owns 682 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 320 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Domino’s Pizza by 115.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the restaurant operator’s stock valued at $145,000 after buying an additional 368 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Domino’s Pizza during the second quarter valued at about $160,000. Finally, MCF Advisors LLC boosted 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 valued at $162,000 after buying an additional 4 shares during the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.
Domino’s Pizza Inc (DPZ) opened at 193.91 on Tuesday. Domino’s Pizza Inc has a 12-month low of $143.47 and a 12-month high of $221.58. The company’s 50 day moving average price is $202.89 and its 200-day moving average price is $193.85. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 38.54 and a beta of 0.35.
Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, topping the consensus estimate of $1.23 by $0.09. The firm had revenue of $628.61 million during the quarter, compared to analysts’ expectations of $609.87 million. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. Domino’s Pizza’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 EPS. On average, analysts forecast that Domino’s Pizza Inc will post $5.70 EPS for the current year.
The business 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. This represents a $1.84 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, September 14th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 36.65%.
Domino’s Pizza declared that its board has initiated a stock repurchase plan on Wednesday, August 2nd that authorizes the company to repurchase $1.25 billion in shares. This repurchase authorization authorizes the restaurant operator to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
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Several analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on Domino’s Pizza in a research note on Tuesday, May 23rd. They issued a “market perform” rating and a $210.00 price objective on the stock. BidaskClub lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Stephens raised Domino’s Pizza from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $210.00 to $185.00 in a report on Wednesday, July 26th. Maxim Group increased their target price on Domino’s Pizza from $186.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, June 1st. Finally, Bank of America Corporation increased their target price on Domino’s Pizza from $210.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, June 13th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average 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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