ClariVest Asset Management LLC lessened its holdings in shares of Domino’s Pizza Inc (NYSE:DPZ) by 4.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 112,282 shares of the restaurant operator’s stock after selling 4,928 shares during the quarter. ClariVest Asset Management LLC owned 0.26% of Domino’s Pizza worth $22,294,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of DPZ. Commonwealth Bank of Australia increased its position in Domino’s Pizza by 25.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock worth $105,000 after purchasing an additional 100 shares in the last quarter. Toronto Dominion Bank increased its position in Domino’s Pizza by 12.2% during the 2nd quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock worth $125,000 after purchasing an additional 64 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in Domino’s Pizza during the 2nd quarter worth approximately $127,000. Whittier Trust Co. of Nevada Inc. increased its position in Domino’s Pizza by 115.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the restaurant operator’s stock worth $145,000 after purchasing an additional 368 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Domino’s Pizza during the 2nd quarter worth approximately $160,000. 94.20% of the stock is owned by hedge funds and other institutional investors.
Domino’s Pizza Inc (NYSE:DPZ) traded up $0.10 during mid-day trading on Thursday, hitting $175.76. 957,800 shares of the stock were exchanged, compared to its average volume of 933,305. Domino’s Pizza Inc has a twelve month low of $156.26 and a twelve month high of $221.58. The company has a debt-to-equity ratio of -1.13, a current ratio of 1.49 and a quick ratio of 1.39. The firm has a market capitalization of $7,820.00, a P/E ratio of 32.96, a P/E/G ratio of 1.81 and a beta of 0.37.
Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share 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 business had revenue of $643.60 million during the quarter, compared to the consensus estimate of $627.85 million. During the same quarter last year, the company earned $0.96 earnings per share. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. research analysts forecast that Domino’s Pizza Inc will post 5.78 EPS for the current fiscal year.
Domino’s Pizza declared that its Board of Directors has initiated a stock buyback program on Wednesday, August 2nd that permits the company to buyback $1.25 billion in outstanding shares. This buyback authorization permits the restaurant operator to purchase up to 13.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.05%. The ex-dividend date is Thursday, December 14th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 35.05%.
A number of analysts recently issued reports on DPZ shares. Wells Fargo & Company reissued a “market perform” rating and set a $210.00 target price (up previously from $204.00) on shares of Domino’s Pizza in a research report on Monday, October 2nd. Instinet reaffirmed a “neutral” rating and issued a $198.00 price objective (up previously from $196.00) on shares of Domino’s Pizza in a research report on Saturday, July 22nd. Zacks Investment Research downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Maxim Group raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price objective for the company from $220.00 to $230.00 in a research report on Thursday, November 2nd. Finally, Credit Suisse Group began coverage on shares of Domino’s Pizza in a research report on Wednesday, October 4th. They issued a “neutral” rating and a $200.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Domino’s Pizza presently has a consensus rating of “Hold” and an average price target of $208.90.
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In related news, insider Russell J. Weiner sold 7,276 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was 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 in the company, valued at $3,424,785. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.57% of the company’s stock.
Domino’s Pizza Profile
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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