State Street Corp trimmed its stake in Domino’s Pizza Inc (NYSE:DPZ) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,533,563 shares of the restaurant operator’s stock after selling 4,441 shares during the period. State Street Corp owned about 3.18% of Domino’s Pizza worth $324,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in DPZ. Renaissance Technologies LLC boosted its position in Domino’s Pizza by 43.7% in the 2nd quarter. Renaissance Technologies LLC now owns 3,060,900 shares of the restaurant operator’s stock valued at $647,472,000 after buying an additional 930,200 shares during the period. William Blair Investment Management LLC purchased a new stake in Domino’s Pizza in the 2nd quarter valued at about $113,818,000. Old Mutual Global Investors UK Ltd. boosted its position in Domino’s Pizza by 680.8% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 532,689 shares of the restaurant operator’s stock valued at $112,679,000 after buying an additional 464,468 shares during the period. Janus Henderson Group PLC boosted its position in Domino’s Pizza by 8,627.9% in the 2nd quarter. Janus Henderson Group PLC now owns 410,559 shares of the restaurant operator’s stock valued at $86,845,000 after buying an additional 405,855 shares during the period. Finally, Vanguard Group Inc. boosted its position in Domino’s Pizza by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,164,927 shares of the restaurant operator’s stock valued at $881,007,000 after buying an additional 327,585 shares during the period. 94.22% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on the stock. BidaskClub cut shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Guggenheim reissued a “buy” rating and issued a $230.00 price objective on shares of Domino’s Pizza in a research report on Friday. Wells Fargo & Company reissued a “market perform” rating and issued a $210.00 price objective (up from $204.00) on shares of Domino’s Pizza in a research report on Monday, October 2nd. Barclays PLC boosted their price objective on shares of Domino’s Pizza from $180.00 to $184.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Zacks Investment Research raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Monday, August 28th. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Domino’s Pizza currently has an average rating of “Hold” and an average price target of $205.18.

Shares of Domino’s Pizza Inc (NYSE:DPZ) opened at 192.98 on Friday. Domino’s Pizza Inc has a 52-week low of $151.23 and a 52-week high of $221.58. The stock has a market cap of $9.31 billion, a PE ratio of 38.35 and a beta of 0.36. The company’s 50-day moving average is $193.73 and its 200-day moving average is $196.34.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.05. Domino’s Pizza had a net margin of 9.47% and a negative return on equity of 12.59%. The company had revenue of $643.60 million during the quarter, compared to the consensus estimate of $627.85 million. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. Equities analysts anticipate that Domino’s Pizza Inc will post $5.71 EPS for the current year.

Domino’s Pizza declared that its Board of Directors has initiated a share repurchase program on Wednesday, August 2nd that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the restaurant operator to reacquire up to 13.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

The company 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. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.84 dividend on an annualized basis and a yield of 0.95%. Domino’s Pizza’s dividend payout ratio is currently 35.11%.

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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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Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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