Boston Partners grew its position in Domino’s Pizza, Inc. (NYSE:DPZ – Free Report) by 35.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 312,947 shares of the restaurant operator’s stock after acquiring an additional 82,643 shares during the quarter. Boston Partners owned about 0.89% of Domino’s Pizza worth $105,511,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. KB Financial Partners LLC purchased a new position in Domino’s Pizza during the 1st quarter worth $32,000. UMB Bank n.a. acquired a new position in Domino’s Pizza in the 2nd quarter valued at $34,000. Tilia Fiduciary Partners Inc. purchased a new position in Domino’s Pizza during the 2nd quarter worth $47,000. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Domino’s Pizza by 148.4% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 159 shares of the restaurant operator’s stock valued at $52,000 after acquiring an additional 95 shares in the last quarter. Finally, BDO Wealth Advisors LLC increased its stake in shares of Domino’s Pizza by 60.0% during the first quarter. BDO Wealth Advisors LLC now owns 200 shares of the restaurant operator’s stock worth $66,000 after acquiring an additional 75 shares during the period. 92.27% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have weighed in on DPZ. Morgan Stanley lowered their price objective on Domino’s Pizza from $440.00 to $435.00 and set an “overweight” rating on the stock in a report on Wednesday, October 11th. Barclays raised their price objective on shares of Domino’s Pizza from $320.00 to $335.00 and gave the company an “underweight” rating in a research note on Friday, October 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Domino’s Pizza in a report on Thursday, October 19th. They issued a “buy” rating and a $430.00 target price for the company. Royal Bank of Canada lowered their price target on Domino’s Pizza from $460.00 to $455.00 and set an “outperform” rating on the stock in a report on Friday, October 13th. Finally, TD Cowen restated an “outperform” rating and set a $450.00 target price on shares of Domino’s Pizza in a report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average target price of $400.62.
Domino’s Pizza Trading Down 0.7 %
Shares of DPZ opened at $372.07 on Friday. The stock’s fifty day simple moving average is $366.38 and its 200 day simple moving average is $355.21. The firm has a market capitalization of $12.98 billion, a P/E ratio of 25.45, a price-to-earnings-growth ratio of 2.04 and a beta of 0.84. Domino’s Pizza, Inc. has a twelve month low of $285.84 and a twelve month high of $409.95.
Domino’s Pizza (NYSE:DPZ – Get Free Report) last released its quarterly earnings data on Thursday, October 12th. The restaurant operator reported $4.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.87. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.05 billion. Domino’s Pizza had a net margin of 11.64% and a negative return on equity of 12.50%. Domino’s Pizza’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.79 earnings per share. Sell-side analysts predict that Domino’s Pizza, Inc. will post 14.48 earnings per share for the current year.
Domino’s Pizza Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, December 14th. Domino’s Pizza’s dividend payout ratio is presently 33.11%.
Insider Buying and Selling
In related news, Director Andy Ballard sold 428 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $350.14, for a total transaction of $149,859.92. Following the completion of the sale, the director now directly owns 2,307 shares of the company’s stock, valued at approximately $807,772.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Lisa V. Price sold 4,940 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $350.00, for a total transaction of $1,729,000.00. Following the completion of the sale, the executive vice president now owns 4,028 shares of the company’s stock, valued at $1,409,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andy Ballard sold 428 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $350.14, for a total transaction of $149,859.92. Following the completion of the sale, the director now directly owns 2,307 shares in the company, valued at $807,772.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,379 shares of company stock valued at $1,883,038. Corporate insiders own 0.76% of the company’s stock.
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.
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