Prudential Financial Inc. raised its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,116 shares of the restaurant operator’s stock after acquiring an additional 1,402 shares during the period. Prudential Financial Inc. owned approximately 0.06% of Domino’s Pizza worth $7,268,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in DPZ. Stevens Capital Management LP raised its holdings in shares of Domino’s Pizza by 124.6% during the second quarter. Stevens Capital Management LP now owns 3,416 shares of the restaurant operator’s stock worth $951,000 after purchasing an additional 1,895 shares during the last quarter. GAM Holding AG grew its position in Domino’s Pizza by 25.1% during the 1st quarter. GAM Holding AG now owns 4,757 shares of the restaurant operator’s stock worth $1,228,000 after purchasing an additional 955 shares during the period. Verde Servicos Internacionais S.A. acquired a new stake in Domino’s Pizza during the 2nd quarter worth about $3,862,000. TimesSquare Capital Management LLC raised its stake in shares of Domino’s Pizza by 36.2% during the 1st quarter. TimesSquare Capital Management LLC now owns 362,285 shares of the restaurant operator’s stock valued at $93,506,000 after buying an additional 96,335 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of Domino’s Pizza by 12.3% during the 1st quarter. Global Retirement Partners LLC now owns 546 shares of the restaurant operator’s stock valued at $141,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.
Shares of Domino’s Pizza stock traded up $2.89 during mid-day trading on Wednesday, reaching $246.46. 9,673 shares of the stock traded hands, compared to its average volume of 806,643. The stock has a market capitalization of $10.09 billion, a PE ratio of 29.26, a PEG ratio of 1.72 and a beta of 0.48. The business has a 50-day moving average of $239.69 and a 200 day moving average of $260.36. Domino’s Pizza, Inc. has a fifty-two week low of $220.90 and a fifty-two week high of $302.05.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Tuesday, July 16th. The restaurant operator reported $2.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.19. Domino’s Pizza had a negative return on equity of 12.81% and a net margin of 10.83%. The firm had revenue of $811.65 million for the quarter, compared to analyst estimates of $834.87 million. During the same period in the previous year, the company posted $1.84 earnings per share. The business’s revenue was up 4.1% on a year-over-year basis. As a group, analysts forecast that Domino’s Pizza, Inc. will post 9.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.60 dividend on an annualized basis and a yield of 1.05%. Domino’s Pizza’s payout ratio is currently 30.88%.
Several equities analysts have recently issued reports on the company. Morgan Stanley decreased their price objective on Domino’s Pizza from $305.00 to $287.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. Mizuho dropped their target price on Domino’s Pizza from $320.00 to $305.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Longbow Research set a $320.00 price target on Domino’s Pizza and gave the company a “buy” rating in a report on Monday, August 26th. Deutsche Bank assumed coverage on shares of Domino’s Pizza in a research note on Monday, July 29th. They issued a “sell” rating for the company. Finally, Wells Fargo & Co increased their price target on Domino’s Pizza from $257.00 to $267.00 and gave the stock a “market perform” rating in a research report on Monday, July 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $291.43.
Domino’s Pizza Company Profile
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.
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