PNC Financial Services Group Inc. Acquires 168 Shares of Domino’s Pizza Inc $DPZ

PNC Financial Services Group Inc. grew its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,875 shares of the restaurant operator’s stock after acquiring an additional 168 shares during the period. PNC Financial Services Group Inc.’s holdings in Domino’s Pizza were worth $4,900,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. denkapparat Operations GmbH purchased a new position in Domino’s Pizza in the 2nd quarter worth approximately $263,000. KBC Group NV grew its holdings in Domino’s Pizza by 1.2% during the 2nd quarter. KBC Group NV now owns 4,734 shares of the restaurant operator’s stock valued at $2,132,000 after buying an additional 54 shares in the last quarter. National Pension Service raised its position in shares of Domino’s Pizza by 285.2% during the second quarter. National Pension Service now owns 3,401 shares of the restaurant operator’s stock valued at $1,532,000 after buying an additional 2,518 shares during the last quarter. Fairbanks Capital Management Inc. raised its position in shares of Domino’s Pizza by 6.6% during the second quarter. Fairbanks Capital Management Inc. now owns 3,277 shares of the restaurant operator’s stock valued at $1,477,000 after buying an additional 203 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Domino’s Pizza by 32.8% in the second quarter. Allworth Financial LP now owns 231 shares of the restaurant operator’s stock worth $104,000 after buying an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DPZ. Barclays dropped their target price on shares of Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating for the company in a research report on Wednesday, October 8th. Royal Bank Of Canada dropped their price objective on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating for the company in a report on Wednesday, October 15th. Bank of America raised their price objective on Domino’s Pizza from $514.00 to $536.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Wells Fargo & Company reduced their target price on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 8th. Finally, UBS Group reiterated a “buy” rating and issued a $540.00 target price on shares of Domino’s Pizza in a research report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $490.32.

Domino’s Pizza Stock Up 0.4%

Shares of NASDAQ:DPZ opened at $410.16 on Monday. The firm has a fifty day simple moving average of $421.99 and a two-hundred day simple moving average of $449.28. Domino’s Pizza Inc has a 52 week low of $392.89 and a 52 week high of $500.55. The stock has a market capitalization of $13.86 billion, a P/E ratio of 23.97, a PEG ratio of 2.15 and a beta of 1.09.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $4.19 EPS. On average, analysts expect that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be issued a $1.74 dividend. The ex-dividend date is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.7%. Domino’s Pizza’s payout ratio is 40.68%.

Domino’s Pizza Company Profile

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.