Envestnet Asset Management Inc. lessened its holdings in shares of Domino’s Pizza (NYSE:DPZ) by 45.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,356 shares of the restaurant operator’s stock after selling 1,146 shares during the period. Envestnet Asset Management Inc.’s holdings in Domino’s Pizza were worth $257,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Synovus Financial Corp lifted its holdings in shares of Domino’s Pizza by 23.8% during the 4th quarter. Synovus Financial Corp now owns 1,281 shares of the restaurant operator’s stock valued at $241,000 after purchasing an additional 246 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Domino’s Pizza by 41.8% during the 4th quarter. Toronto Dominion Bank now owns 2,879 shares of the restaurant operator’s stock valued at $544,000 after purchasing an additional 848 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Domino’s Pizza by 83.2% during the 4th quarter. William Blair Investment Management LLC now owns 1,573,333 shares of the restaurant operator’s stock valued at $297,297,000 after purchasing an additional 714,414 shares during the last quarter. Waratah Capital Advisors Ltd. purchased a new stake in shares of Domino’s Pizza during the 4th quarter valued at $1,591,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Domino’s Pizza by 0.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 187,951 shares of the restaurant operator’s stock valued at $35,516,000 after purchasing an additional 596 shares during the last quarter.
Shares of DPZ opened at $238.19 on Thursday. The stock has a market cap of $9,995.29, a price-to-earnings ratio of 44.60, a P/E/G ratio of 1.94 and a beta of 0.37. The company has a debt-to-equity ratio of -1.14, a quick ratio of 1.36 and a current ratio of 1.46. Domino’s Pizza has a fifty-two week low of $166.74 and a fifty-two week high of $239.21.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.15. The company had revenue of $891.50 million for the quarter, compared to the consensus estimate of $904.79 million. Domino’s Pizza had a negative return on equity of 12.02% and a net margin of 9.97%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm earned $1.48 EPS. analysts expect that Domino’s Pizza will post 7.91 EPS for the current year.
Domino’s Pizza announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 20th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were given a dividend of $0.55 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $0.46. This represents a $2.20 annualized dividend and a yield of 0.92%. The ex-dividend date was Wednesday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.20%.
Several analysts have recently commented on DPZ shares. Mizuho started coverage on Domino’s Pizza in a report on Wednesday, January 24th. They set a “buy” rating and a $250.00 price objective for the company. Maxim Group restated a “buy” rating and issued a $240.00 target price on shares of Domino’s Pizza in a research note on Friday, December 22nd. Deutsche Bank raised their target price on Domino’s Pizza to $220.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Nomura raised their target price on Domino’s Pizza to $230.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, Zacks Investment Research upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and set a $221.00 target price for the company in a research note on Friday, January 5th. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $234.55.
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About Domino’s Pizza
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
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