Dynamic Technology Lab Private Ltd acquired a new stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,247 shares of the restaurant operator’s stock, valued at approximately $352,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Kiwi Wealth Investments Limited Partnership raised its stake in Domino’s Pizza by 44.8% during the 2nd quarter. Kiwi Wealth Investments Limited Partnership now owns 39,781 shares of the restaurant operator’s stock valued at $11,225,000 after acquiring an additional 12,316 shares during the last quarter. Raymond James & Associates raised its stake in Domino’s Pizza by 22.2% during the 2nd quarter. Raymond James & Associates now owns 24,594 shares of the restaurant operator’s stock valued at $6,940,000 after acquiring an additional 4,471 shares during the last quarter. Laurion Capital Management LP purchased a new stake in Domino’s Pizza during the 2nd quarter valued at approximately $433,000. CSat Investment Advisory L.P. purchased a new stake in Domino’s Pizza during the 2nd quarter valued at approximately $332,000. Finally, OppenheimerFunds Inc. raised its stake in Domino’s Pizza by 1,923.4% during the 2nd quarter. OppenheimerFunds Inc. now owns 74,764 shares of the restaurant operator’s stock valued at $21,096,000 after acquiring an additional 71,069 shares during the last quarter. 93.00% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE DPZ traded up $6.46 during trading on Friday, hitting $277.34. The company had a trading volume of 583,397 shares, compared to its average volume of 718,423. The stock has a market capitalization of $12.34 billion, a P/E ratio of 51.94, a P/E/G ratio of 1.86 and a beta of 0.23. Domino’s Pizza, Inc. has a 52 week low of $166.74 and a 52 week high of $305.34. The company has a debt-to-equity ratio of -1.17, a quick ratio of 1.70 and a current ratio of 1.81.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, July 19th. The restaurant operator reported $1.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.10. The company had revenue of $779.40 million for the quarter, compared to analysts’ expectations of $786.88 million. Domino’s Pizza had a negative return on equity of 11.29% and a net margin of 10.19%. The firm’s revenue was up 24.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 earnings per share. On average, research analysts forecast that Domino’s Pizza, Inc. will post 8.29 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were issued a $0.55 dividend. The ex-dividend date was Thursday, September 13th. This represents a $2.20 annualized dividend and a dividend yield of 0.79%. Domino’s Pizza’s dividend payout ratio is currently 41.20%.
In other Domino’s Pizza news, insider J Patrick Doyle sold 25,600 shares of the company’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $301.15, for a total value of $7,709,440.00. Following the transaction, the insider now owns 49,670 shares of the company’s stock, valued at $14,958,120.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Russell J. Weiner sold 4,404 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $293.88, for a total value of $1,294,247.52. Following the completion of the transaction, the chief operating officer now directly owns 13,738 shares in the company, valued at approximately $4,037,323.44. The disclosure for this sale can be found here. Insiders sold 40,004 shares of company stock worth $11,956,888 in the last ninety days. 3.97% of the stock is owned by corporate insiders.
DPZ has been the subject of several analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $300.00 price objective (up from $275.00) on shares of Domino’s Pizza in a research note on Friday, June 15th. Zacks Investment Research raised Domino’s Pizza from a “hold” rating to a “buy” rating and set a $306.00 price objective for the company in a research note on Friday, June 15th. TheStreet raised Domino’s Pizza from a “c+” rating to a “b” rating in a research note on Friday, June 15th. Guggenheim increased their target price on Domino’s Pizza from $280.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, June 19th. Finally, Argus increased their target price on Domino’s Pizza from $280.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, June 22nd. They noted that the move was a valuation call. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $272.68.
Domino’s Pizza Company Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
Read More: Understanding Stock Ratings
Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.