Andra AP fonden decreased its stake in shares of Domino’s Pizza Inc (NYSE:DPZ) by 8.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,600 shares of the restaurant operator’s stock after selling 1,500 shares during the quarter. Andra AP fonden’s holdings in Domino’s Pizza were worth $3,296,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Toronto Dominion Bank increased its stake in shares of Domino’s Pizza by 12.2% in the second quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock worth $125,000 after acquiring an additional 64 shares during the period. Strs Ohio increased its stake in shares of Domino’s Pizza by 4,601.2% in the third quarter. Strs Ohio now owns 30,652 shares of the restaurant operator’s stock worth $6,085,000 after acquiring an additional 30,000 shares during the period. Swiss National Bank increased its stake in shares of Domino’s Pizza by 2.9% in the second quarter. Swiss National Bank now owns 175,200 shares of the restaurant operator’s stock worth $37,060,000 after acquiring an additional 4,900 shares during the period. KBC Group NV increased its stake in shares of Domino’s Pizza by 32.3% in the second quarter. KBC Group NV now owns 8,382 shares of the restaurant operator’s stock worth $1,773,000 after acquiring an additional 2,048 shares during the period. Finally, Chicago Equity Partners LLC increased its stake in shares of Domino’s Pizza by 572.2% in the second quarter. Chicago Equity Partners LLC now owns 122,105 shares of the restaurant operator’s stock worth $25,829,000 after acquiring an additional 103,940 shares during the period. Institutional investors and hedge funds own 94.20% of the company’s stock.
Domino’s Pizza Inc (NYSE:DPZ) opened at $173.21 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.39 and a debt-to-equity ratio of -1.13. The stock has a market cap of $7,378.39, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 1.74 and a beta of 0.37. Domino’s Pizza Inc has a twelve month low of $153.58 and a twelve month high of $221.58.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.05. The business had revenue of $643.60 million for the quarter, compared to the consensus estimate of $627.85 million. Domino’s Pizza had a net margin of 9.47% and a negative return on equity of 12.59%. The company’s revenue was up 13.6% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. equities research analysts predict that Domino’s Pizza Inc will post 5.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.06%. The ex-dividend date is Thursday, December 14th. Domino’s Pizza’s payout ratio is 35.11%.
Domino’s Pizza declared that its board has authorized a stock buyback program on Wednesday, August 2nd that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the restaurant operator to repurchase up to 13.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
In other Domino’s Pizza news, insider Russell J. Weiner sold 7,276 shares of the stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $195.00, for a total transaction of $1,418,820.00. Following the transaction, the insider now directly owns 17,563 shares of the company’s stock, valued at $3,424,785. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.57% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://ledgergazette.com/2017/11/10/dominos-pizza-inc-dpz-holdings-cut-by-andra-ap-fonden.html.
A number of analysts have recently weighed in on DPZ shares. Wells Fargo & Company reiterated a “market perform” rating and issued a $210.00 price objective (up previously from $204.00) on shares of Domino’s Pizza in a research note on Monday, October 2nd. Instinet reiterated a “neutral” rating and issued a $198.00 price objective (up previously from $196.00) on shares of Domino’s Pizza in a research note on Saturday, July 22nd. Zacks Investment Research lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Maxim Group upgraded 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 research note on Thursday, November 2nd. Finally, Credit Suisse Group started coverage on shares of Domino’s Pizza in a research note on Wednesday, October 4th. They issued a “neutral” rating and a $200.00 price objective on the stock. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Domino’s Pizza currently has a consensus rating of “Hold” and an average target price of $208.90.
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.
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 MarketBeat.com's FREE daily email newsletter.