Airain ltd Purchases Shares of 19,114 Domino’s Pizza Inc (DPZ)
Airain ltd purchased a new stake in Domino’s Pizza Inc (NYSE:DPZ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,114 shares of the restaurant operator’s stock, valued at approximately $4,043,000.
A number of other large investors have also modified their holdings of DPZ. BlackRock Inc. boosted its position in shares of Domino’s Pizza by 2,338.4% in the first quarter. BlackRock Inc. now owns 5,344,824 shares of the restaurant operator’s stock valued at $985,052,000 after buying an additional 5,125,632 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Domino’s Pizza by 499.8% in the first quarter. Ameriprise Financial Inc. now owns 1,750,503 shares of the restaurant operator’s stock valued at $322,614,000 after buying an additional 1,458,667 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Domino’s Pizza during the second quarter valued at about $113,818,000. Renaissance Technologies LLC boosted its position in shares of Domino’s Pizza by 32.1% in the first quarter. Renaissance Technologies LLC now owns 2,130,700 shares of the restaurant operator’s stock valued at $392,688,000 after buying an additional 517,200 shares during the last quarter. Finally, Smith Asset Management Group LP purchased a new position in shares of Domino’s Pizza during the second quarter valued at about $45,031,000. 94.28% of the stock is owned by institutional investors and hedge funds.
Shares of Domino’s Pizza Inc (DPZ) opened at 178.76 on Tuesday. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 35.52 and a beta of 0.35. Domino’s Pizza Inc has a one year low of $145.00 and a one year high of $221.58. The firm has a 50-day moving average price of $196.87 and a 200 day moving average price of $194.37.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.09. The business had revenue of $628.61 million during the quarter, compared to the consensus estimate of $609.87 million. Domino’s Pizza had a negative return on equity of 13.28% and a net margin of 9.40%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. Equities analysts forecast that Domino’s Pizza Inc will post $5.69 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.84 annualized dividend and a dividend yield of 1.03%. Domino’s Pizza’s dividend payout ratio is presently 36.65%.
Domino’s Pizza declared that its Board of Directors has initiated a stock buyback program on Wednesday, August 2nd that allows the company to buyback $1.25 billion in shares. This buyback authorization allows the restaurant operator to repurchase up to 13.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
Several research analysts have recently issued reports on the company. BidaskClub cut Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research note on Monday. Stephens upgraded Domino’s Pizza from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $210.00 to $185.00 in a research note on Wednesday, July 26th. Bank of America Corporation raised their price objective on Domino’s Pizza from $210.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Finally, Longbow Research cut Domino’s Pizza from a “buy” rating to a “neutral” rating in a research note on Friday, June 9th. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Domino’s Pizza currently has an average rating of “Hold” and a consensus price target of $193.66.
About Domino’s Pizza
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.
Want to see what other hedge funds are holding DPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domino’s Pizza Inc (NYSE:DPZ).
Receive News & Ratings for Domino's Pizza Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.