Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Domino’s Pizza Inc (NYSE:DPZ) by 20.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 198,419 shares of the restaurant operator’s stock after purchasing an additional 34,148 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.45% of Domino’s Pizza worth $39,396,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Bank of Australia raised its stake in shares of Domino’s Pizza by 25.0% during the second quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock worth $105,000 after purchasing an additional 100 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of 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 purchasing an additional 64 shares during the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of Domino’s Pizza during the second quarter worth approximately $127,000. Meeder Asset Management Inc. purchased a new stake in shares of Domino’s Pizza during the second quarter worth approximately $160,000. Finally, Alpha Cubed Investments LLC purchased a new stake in shares of Domino’s Pizza during the second quarter worth approximately $216,000. Institutional investors and hedge funds own 94.20% of the company’s stock.
Domino’s Pizza Inc (NYSE:DPZ) traded down $1.66 during trading on Thursday, reaching $179.51. The company’s stock had a trading volume of 918,667 shares, compared to its average volume of 940,543. The company has a debt-to-equity ratio of -1.13, a current ratio of 1.49 and a quick ratio of 1.39. The firm has a market capitalization of $7,870.00, a price-to-earnings ratio of 34.80, a price-to-earnings-growth ratio of 1.91 and a beta of 0.37. Domino’s Pizza Inc has a 12 month low of $156.26 and a 12 month high of $221.58.
Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.05. The company had revenue of $643.60 million for the quarter, compared to analyst estimates of $627.85 million. Domino’s Pizza had a negative return on equity of 12.59% and a net margin of 9.47%. Domino’s Pizza’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 earnings per share. equities research analysts anticipate that Domino’s Pizza Inc will post 5.8 earnings per share for the current fiscal year.
The company also recently announced 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 1.03%. The ex-dividend date is Thursday, December 14th. Domino’s Pizza’s dividend payout ratio (DPR) is 35.05%.
Several equities research analysts have recently commented on DPZ shares. Zacks Investment Research upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and set a $200.00 price target for the company in a research note on Monday, August 28th. Maxim Group upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and upped their price target for the stock from $220.00 to $230.00 in a research note on Thursday, November 2nd. Credit Suisse Group increased their price objective on Domino’s Pizza from $200.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Guggenheim reiterated a “buy” rating and issued a $230.00 price objective on shares of Domino’s Pizza in a research report on Friday, October 13th. Finally, Barclays increased their price objective on Domino’s Pizza from $180.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Friday, October 13th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $207.68.
In other Domino’s Pizza news, insider Russell J. Weiner sold 7,276 shares of the company’s stock in a transaction on 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 sale, the insider now owns 17,563 shares of the company’s stock, valued at $3,424,785. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.57% of the stock is currently owned by corporate insiders.
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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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