ING Groep NV acquired a new stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,586 shares of the restaurant operator’s stock, valued at approximately $730,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware grew its position in Domino’s Pizza by 66.7% in the 1st quarter. Mckinley Capital Management LLC Delaware now owns 697 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 279 shares in the last quarter. Winslow Evans & Crocker Inc. bought a new stake in Domino’s Pizza in the 2nd quarter worth about $172,000. Commerce Bank bought a new stake in Domino’s Pizza in the 1st quarter worth about $205,000. Foundry Partners LLC bought a new position in shares of Domino’s Pizza during the 1st quarter valued at approximately $210,000. Finally, Roosevelt Investment Group Inc. bought a new position in shares of Domino’s Pizza during the 2nd quarter valued at approximately $215,000. Hedge funds and other institutional investors own 96.47% of the company’s stock.
In other Domino’s Pizza news, insider J Patrick Doyle sold 25,600 shares of the stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $301.15, for a total value of $7,709,440.00. Following the sale, the insider now directly owns 49,670 shares in the company, valued at approximately $14,958,120.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Russell J. Weiner sold 4,404 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $293.88, for a total transaction of $1,294,247.52. Following the completion of the sale, the chief operating officer now owns 13,738 shares in the company, valued at $4,037,323.44. The disclosure for this sale can be found here. Insiders sold a total of 40,004 shares of company stock worth $11,956,888 over the last quarter. Corporate insiders own 3.97% of the company’s stock.
DPZ opened at $296.60 on Wednesday. Domino’s Pizza, Inc. has a 12 month low of $166.74 and a 12 month high of $305.34. The company has a quick ratio of 1.70, a current ratio of 1.81 and a debt-to-equity ratio of -1.17. The company has a market capitalization of $12.50 billion, a P/E ratio of 55.54, a price-to-earnings-growth ratio of 1.87 and a beta of 0.25.
Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Thursday, July 19th. The restaurant operator reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.10. Domino’s Pizza had a net margin of 10.19% and a negative return on equity of 11.29%. The business had revenue of $779.40 million for the quarter, compared to analysts’ expectations of $786.88 million. During the same period in the prior year, the company posted $1.32 EPS. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year. equities analysts expect that Domino’s Pizza, Inc. will post 8.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 0.74%. The ex-dividend date is Thursday, September 13th. Domino’s Pizza’s dividend payout ratio is presently 41.20%.
A number of research analysts have recently weighed in on DPZ shares. Morgan Stanley increased their target price on shares of Domino’s Pizza from $260.00 to $270.00 and gave the company an “equal weight” rating in a research report on Monday, July 16th. Maxim Group increased their target price on shares of Domino’s Pizza from $270.00 to $285.00 and gave the company a “hold” rating in a research report on Tuesday, July 17th. They noted that the move was a valuation call. TheStreet raised shares of Domino’s Pizza from a “c+” rating to a “b” rating in a research report on Friday, June 15th. Bank of America increased their target price on shares of Domino’s Pizza from $285.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, June 14th. Finally, Zacks Investment Research raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $283.00 target price for the company in a research report on Monday, May 28th. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Domino’s Pizza presently has a consensus rating of “Buy” and an average target price of $268.48.
Domino’s Pizza 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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