Pensionfund DSM Netherlands acquired a new position in shares of Domino’s Pizza Inc (NYSE:DPZ) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,000 shares of the restaurant operator’s stock, valued at approximately $2,780,000.
A number of other large investors have also bought and sold shares of the stock. Navellier & Associates Inc boosted its stake in Domino’s Pizza by 54.9% during the second quarter. Navellier & Associates Inc now owns 45,879 shares of the restaurant operator’s stock worth $9,705,000 after acquiring an additional 16,259 shares in the last quarter. Toronto Dominion Bank boosted its stake in Domino’s Pizza by 12.2% during the second quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock worth $125,000 after acquiring an additional 64 shares in the last quarter. Cetera Investment Advisers bought a new stake in Domino’s Pizza during the second quarter worth about $291,000. WINTON GROUP Ltd bought a new stake in Domino’s Pizza during the second quarter worth about $435,000. Finally, Koch Industries Inc. boosted its stake in Domino’s Pizza by 21,599.0% during the second quarter. Koch Industries Inc. now owns 568,730 shares of the restaurant operator’s stock worth $566,000 after acquiring an additional 566,109 shares in the last quarter. 94.18% of the stock is currently owned by institutional investors and hedge funds.
In other Domino’s Pizza news, insider Russell J. Weiner sold 7,276 shares of Domino’s Pizza stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $195.00, for a total value of $1,418,820.00. Following the completion of the sale, the insider now owns 17,563 shares in the company, valued at approximately $3,424,785. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.57% of the stock is owned by insiders.
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Shares of Domino’s Pizza Inc (NYSE:DPZ) traded down 0.73% during mid-day trading on Friday, reaching $184.32. 446,427 shares of the company’s stock were exchanged. The company has a market capitalization of $8.06 billion, a PE ratio of 35.10 and a beta of 0.36. The company’s 50-day moving average price is $194.45 and its 200-day moving average price is $196.54. Domino’s Pizza Inc has a one year low of $153.58 and a one year high of $221.58.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, October 12th. The restaurant operator reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.05. The firm had revenue of $643.60 million during the quarter, compared to analysts’ expectations of $627.85 million. Domino’s Pizza had a negative return on equity of 12.59% and a net margin of 9.47%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. On average, equities analysts expect that Domino’s Pizza Inc will post $5.73 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, December 14th. Domino’s Pizza’s dividend payout ratio (DPR) is 35.11%.
Domino’s Pizza announced that its board has approved a stock repurchase plan on Wednesday, August 2nd that allows the company to repurchase $1.25 billion in 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 generally a sign that the company’s board of directors believes its shares are undervalued.
DPZ has been the topic of several research reports. Zacks Investment Research raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a research note on Monday, August 28th. BidaskClub upgraded shares of Domino’s Pizza from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Instinet reiterated a “neutral” rating and issued a $198.00 target price (up previously from $196.00) on shares of Domino’s Pizza in a research note on Saturday, July 22nd. Credit Suisse Group upped their target price on shares of Domino’s Pizza from $200.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, October 13th. Finally, Longbow Research upgraded shares of Domino’s Pizza from a “neutral” rating to a “buy” rating and set a $229.00 target price on the stock in a research note on Friday, July 28th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $208.31.
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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