Advisors Asset Management Inc. Has $2.71 Million Position in Domino’s Pizza Inc (DPZ)
Advisors Asset Management Inc. reduced its position in shares of Domino’s Pizza Inc (NYSE:DPZ) by 3.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,644 shares of the restaurant operator’s stock after selling 520 shares during the period. Advisors Asset Management Inc.’s holdings in Domino’s Pizza were worth $2,709,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth Bank of Australia raised its holdings in Domino’s Pizza by 25.0% during the second quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock worth $105,000 after purchasing an additional 100 shares in the last quarter. Toronto Dominion Bank grew its position in Domino’s Pizza by 12.2% during the second quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock worth $125,000 after buying an additional 64 shares during the period. Acrospire Investment Management LLC acquired a new position in Domino’s Pizza during the second quarter worth about $127,000. Alpha Cubed Investments LLC acquired a new position in Domino’s Pizza during the second quarter worth about $216,000. Finally, Flagship Harbor Advisors LLC acquired a new position in Domino’s Pizza during the second quarter worth about $226,000. 94.20% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have weighed in on DPZ. Zacks Investment Research lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Maxim Group restated a “hold” rating and set a $200.00 target price on shares of Domino’s Pizza in a research report on Tuesday, September 19th. Wells Fargo & Company restated a “market perform” rating and set a $210.00 target price (up from $204.00) on shares of Domino’s Pizza in a research report on Monday, October 2nd. Instinet restated a “neutral” rating and set a $201.00 target price (up from $198.00) on shares of Domino’s Pizza in a research report on Wednesday, October 4th. Finally, Stifel Nicolaus began coverage on shares of Domino’s Pizza in a research report on Monday, October 2nd. They set a “buy” rating and a $235.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $208.90.
In other news, insider Russell J. Weiner sold 7,276 shares of the stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $195.00, for a total value of $1,418,820.00. Following the sale, the insider now directly owns 17,563 shares in the company, valued at $3,424,785. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.57% of the stock is owned by corporate insiders.
Shares of Domino’s Pizza Inc (NYSE DPZ) opened at $177.34 on Friday. The company has a market cap of $7,721.26, a P/E ratio of 33.12, a PEG ratio of 1.82 and a beta of 0.37. Domino’s Pizza Inc has a 1 year low of $156.26 and a 1 year high of $221.58. 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 (NYSE:DPZ) last released its quarterly earnings results on Thursday, October 12th. The restaurant operator reported $1.27 EPS for the quarter, beating the consensus estimate of $1.22 by $0.05. The business had revenue of $643.60 million for 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%. The company’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 earnings per share. sell-side analysts predict that Domino’s Pizza Inc will post 5.8 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.46 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.84 annualized dividend and a dividend yield of 1.04%. Domino’s Pizza’s dividend payout ratio is presently 35.11%.
Domino’s Pizza announced that its board has approved a stock repurchase plan on Wednesday, August 2nd that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the restaurant operator to purchase up to 13.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.
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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