Capital Management Associates NY Purchases Shares of 2,500 Domino’s Pizza Inc (DPZ)
Capital Management Associates NY purchased a new position in shares of Domino’s Pizza Inc (NYSE:DPZ) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,500 shares of the restaurant operator’s stock, valued at approximately $496,000.
Several other large investors have also recently added to or reduced their stakes in DPZ. TCW Group Inc. increased its position in Domino’s Pizza by 96.0% during the 3rd quarter. TCW Group Inc. now owns 70,905 shares of the restaurant operator’s stock worth $14,078,000 after purchasing an additional 34,720 shares in the last quarter. Teacher Retirement System of Texas increased its position in Domino’s Pizza by 22.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 22,941 shares of the restaurant operator’s stock worth $4,555,000 after purchasing an additional 4,263 shares in the last quarter. Rhumbline Advisers increased its position in Domino’s Pizza by 10.7% during the 3rd quarter. Rhumbline Advisers now owns 105,902 shares of the restaurant operator’s stock worth $21,027,000 after purchasing an additional 10,277 shares in the last quarter. Toronto Dominion Bank increased its position in Domino’s Pizza by 244.2% during the 3rd quarter. Toronto Dominion Bank now owns 2,031 shares of the restaurant operator’s stock worth $403,000 after purchasing an additional 1,441 shares in the last quarter. Finally, Dorsey Wright & Associates increased its position in Domino’s Pizza by 31.3% during the 3rd quarter. Dorsey Wright & Associates now owns 10,379 shares of the restaurant operator’s stock worth $2,061,000 after purchasing an additional 2,472 shares in the last quarter. 94.20% of the stock is owned by institutional investors and hedge funds.
Domino’s Pizza Inc (NYSE DPZ) traded down $0.30 during trading on Tuesday, reaching $173.03. The company had a trading volume of 672,300 shares, compared to its average volume of 933,237. The firm has a market cap of $7,580.44, a price-to-earnings ratio of 32.52, a PEG ratio of 1.79 and a beta of 0.37. The company has a quick ratio of 1.39, a current ratio of 1.49 and a debt-to-equity ratio of -1.13. Domino’s Pizza Inc has a 12-month low of $153.58 and a 12-month high of $221.58.
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, topping the consensus estimate of $1.22 by $0.05. The firm had revenue of $643.60 million for the quarter, compared to analyst estimates of $627.85 million. Domino’s Pizza had a negative return on equity of 12.59% and a net margin of 9.47%. 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 company posted $0.96 EPS. sell-side analysts anticipate that Domino’s Pizza Inc will post 5.78 earnings per share for the current year.
Domino’s Pizza declared that its Board of Directors has initiated a share buyback 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 repurchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.06%. The ex-dividend date is Thursday, December 14th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 35.11%.
Several analysts have commented on the company. Wells Fargo & Company restated a “market perform” rating and issued a $210.00 price target (up previously from $204.00) on shares of Domino’s Pizza in a report on Monday, October 2nd. Instinet restated a “neutral” rating and issued a $198.00 price target (up previously from $196.00) on shares of Domino’s Pizza in a report on Saturday, July 22nd. Zacks Investment Research cut Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Maxim Group upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their price target for the company from $220.00 to $230.00 in a report on Thursday, November 2nd. Finally, Credit Suisse Group assumed coverage on Domino’s Pizza in a report on Wednesday, October 4th. They issued a “neutral” rating and a $200.00 price target for the company. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Domino’s Pizza presently has an average rating of “Hold” and an average target price of $208.90.
In related news, insider Russell J. Weiner sold 7,276 shares of the business’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 transaction of $1,418,820.00. Following the transaction, the insider now directly owns 17,563 shares of the company’s stock, valued at approximately $3,424,785. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.57% of the company’s stock.
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.
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