CSat Investment Advisory L.P. acquired a new stake in Domino’s Pizza, Inc. (NYSE:DPZ) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,175 shares of the restaurant operator’s stock, valued at approximately $332,000.
A number of other institutional investors have also recently made changes to their positions in DPZ. FMR LLC grew its stake in Domino’s Pizza by 150.2% in the second quarter. FMR LLC now owns 1,184,342 shares of the restaurant operator’s stock valued at $334,186,000 after acquiring an additional 711,035 shares during the period. BlackRock Inc. grew its stake in Domino’s Pizza by 5.8% in the second quarter. BlackRock Inc. now owns 5,316,377 shares of the restaurant operator’s stock valued at $1,500,121,000 after acquiring an additional 292,482 shares during the period. Scopus Asset Management L.P. grew its stake in Domino’s Pizza by 138.9% in the first quarter. Scopus Asset Management L.P. now owns 77,735 shares of the restaurant operator’s stock valued at $18,156,000 after acquiring an additional 277,735 shares during the period. black and white Capital LP acquired a new stake in Domino’s Pizza in the first quarter valued at approximately $28,728,000. Finally, BNP Paribas Arbitrage SA grew its stake in Domino’s Pizza by 541.9% in the first quarter. BNP Paribas Arbitrage SA now owns 97,897 shares of the restaurant operator’s stock valued at $22,865,000 after acquiring an additional 82,646 shares during the period. 96.47% of the stock is owned by hedge funds and other institutional investors.
DPZ stock opened at $290.53 on Friday. The company has a debt-to-equity ratio of -1.17, a quick ratio of 1.70 and a current ratio of 1.81. Domino’s Pizza, Inc. has a 1-year low of $166.74 and a 1-year high of $305.34. The firm has a market capitalization of $12.14 billion, a price-to-earnings ratio of 41.11, a price-to-earnings-growth ratio of 1.82 and a beta of 0.25.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, July 19th. The restaurant operator reported $1.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.10. Domino’s Pizza had a negative return on equity of 11.29% and a net margin of 10.19%. The business had revenue of $779.40 million for the quarter, compared to analysts’ expectations of $786.88 million. During the same quarter in the previous year, the firm earned $1.32 earnings per share. The business’s revenue was up 24.0% on a year-over-year basis. research analysts predict that Domino’s Pizza, Inc. will post 8.31 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a $0.55 dividend. The ex-dividend date is Thursday, September 13th. This represents a $2.20 annualized dividend and a yield of 0.76%. Domino’s Pizza’s dividend payout ratio is currently 41.20%.
In other Domino’s Pizza news, insider J Patrick Doyle sold 10,000 shares of the business’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $295.32, for a total value of $2,953,200.00. Following the transaction, the insider now owns 34,670 shares of the company’s stock, valued at $10,238,744.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Russell J. Weiner sold 4,404 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $293.88, for a total value of $1,294,247.52. Following the completion of the transaction, the chief operating officer now directly owns 13,738 shares in the company, valued at approximately $4,037,323.44. The disclosure for this sale can be found here. In the last three months, insiders sold 40,004 shares of company stock worth $11,956,888. Insiders own 3.97% of the company’s stock.
A number of equities research analysts have commented on the company. Argus raised their price objective on Domino’s Pizza from $280.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, June 22nd. They noted that the move was a valuation call. Guggenheim lifted their target price on Domino’s Pizza from $280.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, June 19th. TheStreet raised Domino’s Pizza from a “c+” rating to a “b” rating in a research report on Friday, June 15th. Morgan Stanley lifted their target price on 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. Finally, Zacks Investment Research cut Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $268.48.
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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