Alpha Cubed Investments LLC purchased a new position in shares of Domino’s Pizza Inc (NYSE:DPZ) during the second quarter, according to its most recent disclosure with the SEC. The fund purchased 1,020 shares of the restaurant operator’s stock, valued at approximately $216,000.
Several other hedge funds have also recently made changes to their positions in the stock. MCF Advisors LLC raised its stake in shares of Domino’s Pizza by 0.5% in the first quarter. MCF Advisors LLC now owns 879 shares of the restaurant operator’s stock worth $162,000 after buying an additional 4 shares during the last quarter. M Holdings Securities Inc. raised its stake in shares of Domino’s Pizza by 0.6% in the first quarter. M Holdings Securities Inc. now owns 3,263 shares of the restaurant operator’s stock worth $601,000 after buying an additional 19 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Domino’s Pizza by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 11,947 shares of the restaurant operator’s stock worth $2,528,000 after buying an additional 30 shares during the last quarter. Tyers Asset Management LLC raised its stake in shares of Domino’s Pizza by 2.7% in the first quarter. Tyers Asset Management LLC now owns 1,840 shares of the restaurant operator’s stock worth $339,000 after buying an additional 48 shares during the last quarter. Finally, Elkfork Partners LLC raised its stake in shares of Domino’s Pizza by 2.7% in the first quarter. Elkfork Partners LLC now owns 2,530 shares of the restaurant operator’s stock worth $466,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.
Domino’s Pizza Inc (NYSE:DPZ) traded up 0.17% during trading on Friday, hitting $192.86. The company had a trading volume of 756,034 shares. Domino’s Pizza Inc has a 52-week low of $143.47 and a 52-week high of $221.58. The stock has a market capitalization of $9.31 billion, a price-to-earnings ratio of 38.33 and a beta of 0.35. The firm’s 50 day moving average is $203.55 and its 200-day moving average is $193.35.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.09. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. The firm had revenue of $628.61 million during the quarter, compared to analysts’ expectations of $609.87 million. During the same period in the previous year, the company earned $0.98 earnings per share. Domino’s Pizza’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities analysts forecast that Domino’s Pizza Inc will post $5.70 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.46 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.84 dividend on an annualized basis and a yield of 0.95%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 36.65%.
Domino’s Pizza declared that its board has approved a share repurchase plan on Wednesday, August 2nd that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the restaurant operator to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
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A number of analysts recently issued reports on the company. Guggenheim assumed coverage on Domino’s Pizza in a report on Friday, April 21st. They issued a “buy” rating and a $192.00 price target for the company. BidaskClub lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and set a $217.00 target price for the company in a report on Thursday. Stephens upgraded Domino’s Pizza from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $210.00 to $185.00 in a report on Wednesday, July 26th. Finally, Instinet restated a “neutral” rating and set a $196.00 target price (up previously from $174.00) on shares of Domino’s Pizza in a report on Saturday, April 29th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $195.38.
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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