Gulf International Bank UK Ltd lessened its stake in shares of Domino’s Pizza (NYSE:DPZ) by 2.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 14,150 shares of the restaurant operator’s stock after selling 310 shares during the period. Gulf International Bank UK Ltd’s holdings in Domino’s Pizza were worth $3,304,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of DPZ. Viking Global Investors LP increased its holdings in shares of Domino’s Pizza by 473.7% in the 4th quarter. Viking Global Investors LP now owns 2,058,468 shares of the restaurant operator’s stock worth $388,968,000 after purchasing an additional 1,699,678 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of Domino’s Pizza by 83.2% in the 4th quarter. William Blair Investment Management LLC now owns 1,573,333 shares of the restaurant operator’s stock worth $297,297,000 after purchasing an additional 714,414 shares in the last quarter. Jackson Square Partners LLC increased its holdings in shares of Domino’s Pizza by 821.9% in the 4th quarter. Jackson Square Partners LLC now owns 347,558 shares of the restaurant operator’s stock worth $65,674,000 after purchasing an additional 309,857 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its holdings in shares of Domino’s Pizza by 64.1% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 783,625 shares of the restaurant operator’s stock worth $148,073,000 after purchasing an additional 306,003 shares in the last quarter. Finally, American Century Companies Inc. bought a new stake in shares of Domino’s Pizza in the 4th quarter worth $21,556,000. 98.79% of the stock is owned by institutional investors and hedge funds.
Shares of DPZ opened at $248.21 on Wednesday. The firm has a market capitalization of $10.50 billion, a P/E ratio of 46.48, a PEG ratio of 1.58 and a beta of 0.36. The company has a debt-to-equity ratio of -1.12, a current ratio of 1.39 and a quick ratio of 1.29. Domino’s Pizza has a one year low of $166.74 and a one year high of $255.00.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, April 26th. The restaurant operator reported $2.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.23. The company had revenue of $785.40 million during the quarter, compared to analyst estimates of $688.15 million. Domino’s Pizza had a net margin of 10.32% and a negative return on equity of 11.97%. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period last year, the business earned $1.26 EPS. equities research analysts predict that Domino’s Pizza will post 8.21 EPS for the current fiscal year.
Domino’s Pizza declared that its board has initiated a share buyback program on Tuesday, February 20th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, June 14th. Domino’s Pizza’s dividend payout ratio is currently 41.20%.
In other news, insider J Patrick Doyle sold 60,000 shares of the firm’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $251.25, for a total value of $15,075,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.97% of the stock is owned by company insiders.
A number of analysts have commented on DPZ shares. Mizuho started coverage on Domino’s Pizza in a report on Wednesday, January 24th. They issued a “buy” rating and a $250.00 target price for the company. Deutsche Bank lifted their target price on Domino’s Pizza from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Bank of America set a $245.00 target price on Domino’s Pizza and gave the stock a “buy” rating in a report on Wednesday, February 21st. Argus raised Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their target price for the stock from $221.44 to $260.00 in a report on Wednesday, March 7th. Finally, Maxim Group lifted their target price on Domino’s Pizza to $255.00 and gave the stock a “buy” rating in a report on Tuesday, April 10th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $245.19.
Domino’s Pizza Profile
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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