State Treasurer State of Michigan lessened its holdings in Domino’s Pizza Inc (NYSE:DPZ) by 8.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,100 shares of the restaurant operator’s stock after selling 1,700 shares during the quarter. State Treasurer State of Michigan’s holdings in Domino’s Pizza were worth $3,594,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of DPZ. Sheaff Brock Investment Advisors LLC increased its position in shares of Domino’s Pizza by 1.3% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 1,996 shares of the restaurant operator’s stock worth $422,000 after purchasing an additional 25 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Domino’s Pizza by 0.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 11,947 shares of the restaurant operator’s stock worth $2,528,000 after acquiring an additional 30 shares in the last quarter. MML Investors Services LLC lifted its stake in Domino’s Pizza by 3.2% during the 2nd quarter. MML Investors Services LLC now owns 1,405 shares of the restaurant operator’s stock worth $297,000 after acquiring an additional 44 shares in the last quarter. Mirador Capital Partners LP increased its holdings in Domino’s Pizza by 3.5% during the 2nd quarter. Mirador Capital Partners LP now owns 1,632 shares of the restaurant operator’s stock worth $321,000 after purchasing an additional 55 shares during the period. Finally, World Asset Management Inc increased its holdings in Domino’s Pizza by 1.8% during the 2nd quarter. World Asset Management Inc now owns 3,502 shares of the restaurant operator’s stock worth $741,000 after purchasing an additional 62 shares during the period. 94.20% of the stock is owned by institutional investors and hedge funds.
In other Domino’s Pizza news, insider Russell J. Weiner sold 7,276 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $195.00, for a total value of $1,418,820.00. Following the completion of the transaction, the insider now directly owns 17,563 shares in the company, valued at approximately $3,424,785. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.57% of the company’s stock.
A number of research analysts have recently commented on DPZ shares. Zacks Investment Research upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and set a $204.00 price objective on the stock in a report on Monday, September 4th. BidaskClub cut Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 18th. Longbow Research raised Domino’s Pizza from a “neutral” rating to a “buy” rating and set a $229.00 price objective for the company in a research note on Friday, July 28th. Stifel Nicolaus began coverage on Domino’s Pizza in a research report on Monday, October 2nd. They set a “buy” rating and a $235.00 price target for the company. Finally, Guggenheim reiterated a “buy” rating and issued a $230.00 target price on shares of Domino’s Pizza in a report on Friday, October 13th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Domino’s Pizza has a consensus rating of “Hold” and an average price target of $208.90.
Domino’s Pizza Inc (NYSE:DPZ) traded down $0.30 during midday trading on Tuesday, reaching $173.03. 672,300 shares of the company were exchanged, compared to its average volume of 933,237. The stock has a market capitalization of $7,580.44, a P/E ratio of 32.52, a PEG ratio of 1.79 and a beta of 0.37. The company has a debt-to-equity ratio of -1.13, a current ratio of 1.49 and a quick ratio of 1.39. Domino’s Pizza Inc has a 1-year low of $153.58 and a 1-year high of $221.58.
Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.05. The business had revenue of $643.60 million during the quarter, compared to analyst estimates of $627.85 million. Domino’s Pizza had a net margin of 9.47% and a negative return on equity of 12.59%. Domino’s Pizza’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 earnings per share. research analysts predict that Domino’s Pizza Inc will post 5.78 earnings per share for the current fiscal year.
Domino’s Pizza announced that its Board of Directors has approved a stock buyback program on Wednesday, August 2nd that permits the company to buyback $1.25 billion in shares. This buyback authorization permits the restaurant operator to purchase up to 13.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, December 14th. Domino’s Pizza’s dividend payout ratio is 35.11%.
Domino’s Pizza Company Profile
Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.
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