Great West Life Assurance Co. Can cut its stake in shares of Domino’s Pizza Inc (NYSE:DPZ) by 21.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,101 shares of the restaurant operator’s stock after selling 12,114 shares during the period. Great West Life Assurance Co. Can’s holdings in Domino’s Pizza were worth $9,321,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DPZ. IHT Wealth Management LLC increased its position in shares of Domino’s Pizza by 19.5% in the first quarter. IHT Wealth Management LLC now owns 569 shares of the restaurant operator’s stock valued at $105,000 after buying an additional 93 shares during the period. TrimTabs Asset Management LLC increased its position in Domino’s Pizza by 88.4% in the first quarter. TrimTabs Asset Management LLC now owns 682 shares of the restaurant operator’s stock worth $126,000 after buying an additional 320 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Domino’s Pizza by 115.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the restaurant operator’s stock worth $145,000 after buying an additional 368 shares during the period. Meeder Asset Management Inc. bought a new position in Domino’s Pizza during the second quarter worth approximately $160,000. Finally, MCF Advisors LLC increased its position in Domino’s Pizza by 0.5% in the first quarter. MCF Advisors LLC now owns 879 shares of the restaurant operator’s stock worth $162,000 after buying an additional 4 shares during the period. Institutional investors and hedge funds own 98.55% of the company’s stock.

Shares of Domino’s Pizza Inc (NYSE:DPZ) opened at 192.53 on Friday. The firm’s 50-day moving average price is $204.27 and its 200 day moving average price is $193.16. Domino’s Pizza Inc has a one year low of $143.47 and a one year high of $221.58. The company has a market capitalization of $9.29 billion, a PE ratio of 38.26 and a beta of 0.35.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, beating the consensus estimate of $1.23 by $0.09. The firm 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 quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. Analysts anticipate that Domino’s Pizza Inc will post $5.70 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.46 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.84 annualized dividend and a yield of 0.96%. Domino’s Pizza’s dividend payout ratio is presently 36.65%.

Domino’s Pizza declared that its board has approved a stock repurchase plan on Wednesday, August 2nd that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the restaurant operator to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

TRADEMARK VIOLATION WARNING: “Great West Life Assurance Co. Can Has $9.32 Million Position in Domino’s Pizza Inc (DPZ)” was posted by Watch List News and is the property of of Watch List News. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.watchlistnews.com/great-west-life-assurance-co-can-has-9-32-million-position-in-dominos-pizza-inc-dpz/1472224.html.

A number of analysts have weighed in on the stock. Guggenheim assumed coverage on shares of Domino’s Pizza in a report on Friday, April 21st. They set a “buy” rating and a $192.00 target price on the stock. OTR Global reaffirmed a “positive” rating on shares of Domino’s Pizza in a report on Saturday, April 22nd. Stephens reiterated an “equal weight” rating and issued a $185.00 target price on shares of Domino’s Pizza in a research report on Friday, April 28th. Instinet reiterated a “neutral” rating and issued a $196.00 target price (up previously from $174.00) on shares of Domino’s Pizza in a research report on Saturday, April 29th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $185.00 target price (up previously from $180.00) on shares of Domino’s Pizza in a research report on Saturday, April 29th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Domino’s Pizza currently has a consensus rating of “Hold” and an average target price of $195.38.

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).

Institutional Ownership by Quarter for Domino`s Pizza (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.