Vanguard Group Inc. Boosts Holdings in Domino’s Pizza Inc $DPZ

Vanguard Group Inc. grew its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,047,026 shares of the restaurant operator’s stock after purchasing an additional 36,288 shares during the quarter. Vanguard Group Inc. owned approximately 11.92% of Domino’s Pizza worth $1,823,590,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DPZ. RMG Wealth Management LLC purchased a new position in Domino’s Pizza in the 2nd quarter valued at about $25,000. Zions Bancorporation National Association UT acquired a new stake in shares of Domino’s Pizza in the first quarter worth approximately $27,000. Signature Resources Capital Management LLC purchased a new stake in shares of Domino’s Pizza during the second quarter worth approximately $29,000. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Domino’s Pizza during the second quarter worth approximately $31,000. Finally, Atlantic Union Bankshares Corp acquired a new position in Domino’s Pizza in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

NASDAQ:DPZ opened at $407.40 on Friday. The company’s 50-day moving average is $416.55 and its two-hundred day moving average is $446.98. Domino’s Pizza Inc has a 1-year low of $392.89 and a 1-year high of $500.55. The firm has a market capitalization of $13.76 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 2.15 and a beta of 1.09.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, beating the consensus estimate of $3.96 by $0.12. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.19 EPS. As a group, equities analysts anticipate that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be paid a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, December 15th. Domino’s Pizza’s dividend payout ratio is 40.68%.

Analysts Set New Price Targets

DPZ has been the topic of several recent research reports. Barclays lowered their target price on shares of Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 8th. Morgan Stanley raised their price target on shares of Domino’s Pizza from $520.00 to $535.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. BTIG Research restated a “buy” rating and set a $530.00 price target on shares of Domino’s Pizza in a research report on Friday, November 14th. Citigroup cut their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Finally, Weiss Ratings lowered Domino’s Pizza from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $490.32.

About Domino’s Pizza

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.