Sciencast Management LP acquired a new position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) during the second quarter, Holdings Channel reports. The institutional investor acquired 1,105 shares of the restaurant operator’s stock, valued at approximately $441,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Valeo Financial Advisors LLC boosted its holdings in Domino’s Pizza by 118.9% in the second quarter. Valeo Financial Advisors LLC now owns 81 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 44 shares during the period. Parallel Advisors LLC raised its position in Domino’s Pizza by 49.5% in the 1st quarter. Parallel Advisors LLC now owns 148 shares of the restaurant operator’s stock valued at $47,000 after purchasing an additional 49 shares in the last quarter. Allred Capital Management LLC boosted its stake in shares of Domino’s Pizza by 26.6% in the 1st quarter. Allred Capital Management LLC now owns 157 shares of the restaurant operator’s stock valued at $51,000 after buying an additional 33 shares during the period. Atticus Wealth Management LLC acquired a new position in shares of Domino’s Pizza during the first quarter worth about $64,000. Finally, James Investment Research Inc. purchased a new stake in shares of Domino’s Pizza during the second quarter worth approximately $73,000. Institutional investors and hedge funds own 90.62% of the company’s stock.
DPZ opened at $386.61 on Friday. Domino’s Pizza, Inc. has a 52 week low of $220.90 and a 52 week high of $422.15. The business has a 50 day moving average price of $383.38 and a two-hundred day moving average price of $347.48. The company has a market cap of $15.12 billion, a PE ratio of 34.40, a P/E/G ratio of 2.22 and a beta of 0.37.
Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, July 16th. The restaurant operator reported $2.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.25 by $0.74. Domino’s Pizza had a negative return on equity of 14.01% and a net margin of 12.11%. The business had revenue of $920.00 million for the quarter, compared to analyst estimates of $913.62 million. During the same quarter in the previous year, the company posted $2.19 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. Analysts predict that Domino’s Pizza, Inc. will post 12.54 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $3.12 dividend on an annualized basis and a yield of 0.81%. Domino’s Pizza’s payout ratio is currently 32.60%.
Several research analysts have commented on the stock. Northcoast Research upgraded shares of Domino’s Pizza from a “neutral” rating to a “buy” rating and set a $444.00 price target for the company in a report on Friday, May 29th. Morgan Stanley increased their target price on Domino’s Pizza from $405.00 to $422.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Credit Suisse Group raised their price target on Domino’s Pizza from $415.00 to $445.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Jefferies Financial Group upped their price objective on Domino’s Pizza from $385.00 to $405.00 and gave the stock a “hold” rating in a research report on Friday, July 17th. Finally, Barclays raised their target price on Domino’s Pizza from $345.00 to $390.00 in a research report on Friday, July 17th. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $402.86.
In related news, COO Russell J. Weiner sold 5,000 shares of Domino’s Pizza stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $385.00, for a total value of $1,925,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Russell J. Weiner sold 4,943 shares of the company’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $395.00, for a total value of $1,952,485.00. Following the transaction, the chief operating officer now directly owns 28,850 shares in the company, valued at approximately $11,395,750. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,200 shares of company stock worth $8,448,135. Company insiders own 1.74% of the company’s stock.
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 in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
See Also: Retained Earnings
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