iSAM Funds UK Ltd purchased a new stake in Domino’s Pizza, Inc. (NYSE:DPZ – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,241 shares of the restaurant operator’s stock, valued at approximately $409,000.
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Domino’s Pizza by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 3,884,266 shares of the restaurant operator’s stock worth $1,580,935,000 after purchasing an additional 28,157 shares during the period. Principal Financial Group Inc. boosted its holdings in Domino’s Pizza by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,657,572 shares of the restaurant operator’s stock valued at $546,784,000 after acquiring an additional 49,471 shares during the period. T. Rowe Price Investment Management Inc. grew its position in Domino’s Pizza by 23.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,616,607 shares of the restaurant operator’s stock valued at $559,993,000 after acquiring an additional 306,750 shares in the last quarter. Norges Bank purchased a new position in shares of Domino’s Pizza in the fourth quarter valued at approximately $369,800,000. Finally, Renaissance Technologies LLC increased its stake in Domino’s Pizza by 8.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,040,825 shares of the restaurant operator’s stock worth $423,626,000 after buying an additional 84,947 shares during the period. 90.58% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Domino’s Pizza
In other Domino’s Pizza news, EVP Cynthia A. Headen sold 382 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $400.00, for a total transaction of $152,800.00. Following the completion of the transaction, the executive vice president now owns 4,333 shares of the company’s stock, valued at approximately $1,733,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.76% of the stock is owned by corporate insiders.
Domino’s Pizza Stock Performance
NYSE:DPZ traded down $1.78 during trading hours on Wednesday, hitting $392.04. 108,186 shares of the company’s stock traded hands, compared to its average volume of 722,305. The firm has a market cap of $13.76 billion, a P/E ratio of 29.76, a P/E/G ratio of 2.23 and a beta of 0.86. Domino’s Pizza, Inc. has a twelve month low of $285.84 and a twelve month high of $417.23. The stock’s fifty day moving average price is $359.24 and its two-hundred day moving average price is $335.00.
Domino’s Pizza (NYSE:DPZ – Get Free Report) last issued its earnings results on Monday, July 24th. The restaurant operator reported $3.08 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.02. Domino’s Pizza had a negative return on equity of 11.24% and a net margin of 10.49%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm posted $2.82 EPS. The business’s revenue was down 3.8% compared to the same quarter last year. On average, equities research analysts predict that Domino’s Pizza, Inc. will post 13.73 earnings per share for the current year.
Domino’s Pizza Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, September 14th. Domino’s Pizza’s dividend payout ratio is 36.58%.
Analysts Set New Price Targets
Several research firms have commented on DPZ. Jefferies Financial Group boosted their price target on shares of Domino’s Pizza from $325.00 to $375.00 and gave the stock a “hold” rating in a research note on Thursday, July 20th. Stifel Nicolaus lifted their target price on Domino’s Pizza from $350.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, July 20th. Citigroup lifted their price target on shares of Domino’s Pizza from $405.00 to $431.00 and gave the stock a “neutral” rating in a research note on Monday, July 24th. Bank of America boosted their price objective on shares of Domino’s Pizza from $465.00 to $483.00 and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Finally, StockNews.com assumed coverage on shares of Domino’s Pizza in a research report on Thursday, May 18th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $392.28.
Get Our Latest Analysis on Domino’s Pizza
About Domino’s Pizza
Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.
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