Domino’s Pizza Inc (DPZ) Position Increased by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. increased its position in shares of Domino’s Pizza Inc (NYSE:DPZ) by 7.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 187,355 shares of the restaurant operator’s stock after buying an additional 12,884 shares during the period. Schwab Charles Investment Management Inc. owned 0.43% of Domino’s Pizza worth $37,200,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth Bank of Australia raised its stake in Domino’s Pizza by 25.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock valued at $105,000 after purchasing an additional 100 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Domino’s Pizza by 12.2% during the 2nd quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock worth $125,000 after purchasing an additional 64 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of Domino’s Pizza during the 2nd quarter worth about $127,000. FNY Partners Fund LP acquired a new stake in shares of Domino’s Pizza during the 3rd quarter worth about $158,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Domino’s Pizza during the 2nd quarter worth about $226,000. 94.20% of the stock is owned by institutional investors and hedge funds.
Shares of Domino’s Pizza Inc (DPZ) opened at $183.91 on Friday. The stock has a market cap of $7,850.71, a PE ratio of 33.68, a PEG ratio of 1.85 and a beta of 0.37. Domino’s Pizza Inc has a 52-week low of $156.26 and a 52-week 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 announced its earnings results on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.05. The company had revenue of $643.60 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 earnings per share. sell-side analysts forecast that Domino’s Pizza Inc will post 5.8 EPS for the current year.
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 paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, December 14th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 35.11%.
A number of equities research analysts recently issued reports on DPZ shares. Zacks Investment Research upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $200.00 target price for the company in a research report on Monday, August 28th. Maxim Group raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price objective for the stock from $220.00 to $230.00 in a report on Thursday, November 2nd. Credit Suisse Group increased their price objective on shares of Domino’s Pizza from $200.00 to $205.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Guggenheim reaffirmed a “buy” rating and issued a $230.00 target price on shares of Domino’s Pizza in a research note on Friday, October 13th. Finally, Barclays raised their target price on shares of Domino’s Pizza from $180.00 to $184.00 and gave the company an “equal weight” rating in a research note on Friday, October 13th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Domino’s Pizza currently has a consensus rating of “Hold” and an average target price of $207.68.
In other Domino’s Pizza news, insider Russell J. Weiner sold 7,276 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 17,563 shares of the company’s stock, valued at $3,424,785. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.57% of the stock is owned by insiders.
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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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