The Manufacturers Life Insurance Company cut its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 3.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 73,491 shares of the restaurant operator’s stock after selling 2,549 shares during the quarter. The Manufacturers Life Insurance Company owned 0.17% of Domino’s Pizza worth $17,164,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Balentine LLC boosted its position in Domino’s Pizza by 2,916.7% during the fourth quarter. Balentine LLC now owns 724 shares of the restaurant operator’s stock valued at $137,000 after purchasing an additional 700 shares during the last quarter. Mckinley Capital Management LLC Delaware raised its holdings in Domino’s Pizza by 66.7% during the first quarter. Mckinley Capital Management LLC Delaware now owns 697 shares of the restaurant operator’s stock valued at $163,000 after buying an additional 279 shares in the last quarter. Commerce Bank bought a new position in Domino’s Pizza during the first quarter valued at about $205,000. Alps Advisors Inc. bought a new position in shares of Domino’s Pizza in the first quarter worth about $219,000. Finally, Checchi Capital Advisers LLC bought a new position in shares of Domino’s Pizza in the first quarter worth about $220,000. Institutional investors and hedge funds own 98.24% of the company’s stock.
Several brokerages recently issued reports on DPZ. ValuEngine upgraded Domino’s Pizza from a “hold” rating to a “buy” rating in a research note on Monday, June 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $300.00 price objective (up from $275.00) on shares of Domino’s Pizza in a report on Friday, June 15th. Mizuho reissued a “buy” rating and issued a $275.00 target price on shares of Domino’s Pizza in a report on Friday, April 27th. TheStreet raised Domino’s Pizza from a “c+” rating to a “b” rating in a report on Friday, June 15th. Finally, Guggenheim upped their target price on shares of Domino’s Pizza from $280.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, June 19th. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $263.00.
Shares of Domino’s Pizza opened at $282.17 on Friday, Marketbeat Ratings reports. Domino’s Pizza, Inc. has a 52 week low of $166.74 and a 52 week high of $293.81. The firm has a market cap of $11.93 billion, a PE ratio of 43.20, a price-to-earnings-growth ratio of 1.77 and a beta of 0.35. The company has a current ratio of 1.39, a quick ratio of 1.29 and a debt-to-equity ratio of -1.12.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, April 26th. The restaurant operator reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.23. The firm had revenue of $785.40 million during the quarter, compared to the consensus estimate of $688.15 million. Domino’s Pizza had a net margin of 10.32% and a negative return on equity of 11.97%. The business’s revenue was up 25.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 earnings per share. equities analysts anticipate that Domino’s Pizza, Inc. will post 8.29 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 29th. Investors of record on Friday, June 15th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, June 14th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.20%.
In related news, insider J Patrick Doyle sold 20,842 shares of the business’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $264.42, for a total transaction of $5,511,041.64. Following the transaction, the insider now directly owns 24,670 shares in the company, valued at $6,523,241.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.97% of the stock is currently owned by insiders.
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 through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
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