Shell Asset Management Co. Has $618,000 Position in Domino’s Pizza Inc (DPZ)

Shell Asset Management Co. held its stake in Domino’s Pizza Inc (NYSE:DPZ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,923 shares of the restaurant operator’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Domino’s Pizza were worth $618,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DPZ. Teachers Advisors LLC boosted its stake in shares of Domino’s Pizza by 22.0% in the fourth quarter. Teachers Advisors LLC now owns 53,194 shares of the restaurant operator’s stock worth $8,471,000 after buying an additional 9,600 shares during the period. Creative Planning boosted its stake in shares of Domino’s Pizza by 18.6% in the first quarter. Creative Planning now owns 1,149 shares of the restaurant operator’s stock worth $212,000 after buying an additional 180 shares during the period. Gulf International Bank UK Ltd boosted its stake in shares of Domino’s Pizza by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 14,390 shares of the restaurant operator’s stock worth $2,652,000 after buying an additional 140 shares during the period. Bank of Montreal Can boosted its stake in shares of Domino’s Pizza by 77.4% in the first quarter. Bank of Montreal Can now owns 62,047 shares of the restaurant operator’s stock worth $11,435,000 after buying an additional 27,064 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in shares of Domino’s Pizza by 3.3% in the first quarter. Capstone Asset Management Co. now owns 6,146 shares of the restaurant operator’s stock worth $1,133,000 after buying an additional 197 shares during the period. Institutional investors and hedge funds own 98.55% of the company’s stock.

Domino’s Pizza Inc (NYSE:DPZ) opened at 192.86 on Friday. The company has a market cap of $9.31 billion, a PE ratio of 38.33 and a beta of 0.35. The company has a 50-day moving average of $203.55 and a 200-day moving average of $193.35. Domino’s Pizza Inc has a 52 week low of $143.47 and a 52 week high of $221.58.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.09. The business had revenue of $628.61 million during the quarter, compared to the consensus estimate of $609.87 million. Domino’s Pizza had a negative return on equity of 13.28% and a net margin of 9.40%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. On average, equities analysts expect that Domino’s Pizza Inc will post $5.70 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, September 14th. Domino’s Pizza’s dividend payout ratio is presently 36.65%.

Domino’s Pizza announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 2nd that allows the company to repurchase $1.25 billion in shares. This repurchase authorization allows the restaurant operator to reacquire up to 13.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

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DPZ has been the topic of a number of research reports. BidaskClub cut shares of Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Instinet restated a “neutral” rating and set a $198.00 target price (up previously from $196.00) on shares of Domino’s Pizza in a report on Saturday, July 22nd. BTIG Research restated a “buy” rating and set a $233.00 target price (up previously from $213.00) on shares of Domino’s Pizza in a report on Thursday, June 1st. Zacks Investment Research cut shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $212.00 target price on shares of Domino’s Pizza in a report on Tuesday, July 18th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $195.38.

Domino’s Pizza Company Profile

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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Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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