Meeder Asset Management Inc. Invests $160,000 in Domino’s Pizza Inc (DPZ)

Meeder Asset Management Inc. bought a new stake in shares of Domino’s Pizza Inc (NYSE:DPZ) during the second quarter, according to its most recent filing with the SEC. The institutional investor bought 755 shares of the restaurant operator’s stock, valued at approximately $160,000.

A number of other large investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. purchased a new stake in shares of Domino’s Pizza during the fourth quarter valued at approximately $151,000. M Holdings Securities Inc. increased its stake in shares of Domino’s Pizza by 1.2% in the fourth quarter. M Holdings Securities Inc. now owns 3,244 shares of the restaurant operator’s stock valued at $517,000 after buying an additional 38 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Domino’s Pizza by 22.0% in the fourth quarter. Teachers Advisors LLC now owns 53,194 shares of the restaurant operator’s stock valued at $8,471,000 after buying an additional 9,600 shares during the last quarter. Creative Planning increased its stake in shares of Domino’s Pizza by 18.6% in the first quarter. Creative Planning now owns 1,149 shares of the restaurant operator’s stock valued at $212,000 after buying an additional 180 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in shares of Domino’s Pizza by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 14,390 shares of the restaurant operator’s stock valued at $2,652,000 after buying an additional 140 shares during the last quarter. 99.37% of the stock is owned by hedge funds and other institutional investors.

Shares of Domino’s Pizza Inc (DPZ) traded up 0.21% on Friday, reaching $188.66. 1,275,769 shares of the company traded hands. The company has a market capitalization of $9.10 billion, a PE ratio of 37.49 and a beta of 0.35. The firm has a 50-day moving average price of $199.93 and a 200 day moving average price of $193.99. Domino’s Pizza Inc has a one year low of $145.00 and a one year high of $221.58.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.09. The business had revenue of $628.61 million during the quarter, compared to analyst estimates 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 previous year, the business posted $0.98 EPS. Equities analysts forecast that Domino’s Pizza Inc will post $5.71 EPS for the current fiscal year.

The firm also recently declared 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 of this dividend is Thursday, September 14th. This represents a $1.84 dividend on an annualized basis and a yield of 0.98%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 36.65%.

Domino’s Pizza announced that its Board of Directors has approved a share buyback plan on Wednesday, August 2nd that allows the company to buyback $1.25 billion in shares. This buyback authorization allows the restaurant operator to reacquire up to 13.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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DPZ has been the subject of several recent analyst reports. Guggenheim initiated coverage on shares of Domino’s Pizza in a research note on Friday, April 21st. They issued a “buy” rating and a $192.00 target price for the company. OTR Global reaffirmed a “positive” rating on shares of Domino’s Pizza in a research note on Saturday, April 22nd. Stephens reaffirmed an “equal weight” rating and issued a $185.00 target price on shares of Domino’s Pizza in a research note on Friday, April 28th. Instinet reaffirmed a “neutral” rating and issued a $196.00 target price (up previously from $174.00) on shares of Domino’s Pizza in a research note on Saturday, April 29th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $185.00 target price (up previously from $180.00) on shares of Domino’s Pizza in a research note on Saturday, April 29th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price 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.

Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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