Smith Asset Management Group LP lessened its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 20.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 133,680 shares of the restaurant operator’s stock after selling 34,860 shares during the quarter. Smith Asset Management Group LP’s holdings in Domino’s Pizza were worth $25,260,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of DPZ. Old Mutual Global Investors UK Ltd. raised its position in shares of Domino’s Pizza by 64.1% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 783,625 shares of the restaurant operator’s stock worth $148,073,000 after buying an additional 306,003 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Domino’s Pizza in the 3rd quarter worth $32,236,000. Legal & General Group Plc raised its position in shares of Domino’s Pizza by 234.0% in the 3rd quarter. Legal & General Group Plc now owns 225,343 shares of the restaurant operator’s stock worth $44,741,000 after buying an additional 157,874 shares during the period. American Century Companies Inc. purchased a new position in shares of Domino’s Pizza in the 4th quarter worth $21,556,000. Finally, LMR Partners LLP purchased a new position in shares of Domino’s Pizza in the 4th quarter worth $15,684,000. 99.59% of the stock is currently owned by institutional investors and hedge funds.
Domino’s Pizza, Inc. (NYSE DPZ) opened at $227.00 on Friday. The company has a debt-to-equity ratio of -1.14, a quick ratio of 1.39 and a current ratio of 1.46. Domino’s Pizza, Inc. has a 12-month low of $166.74 and a 12-month high of $236.00. The company has a market cap of $9,930.00, a PE ratio of 38.47, a PEG ratio of 1.90 and a beta of 0.45.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $2.09 EPS for the quarter, topping the consensus estimate of $1.94 by $0.15. Domino’s Pizza had a net margin of 9.97% and a negative return on equity of 12.02%. The business had revenue of $891.50 million for the quarter, compared to analysts’ expectations of $904.79 million. During the same quarter last year, the company posted $1.48 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. research analysts forecast that Domino’s Pizza, Inc. will post 8 EPS for the current fiscal year.
Domino’s Pizza declared that its Board of Directors has initiated a share buyback program on Tuesday, February 20th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.55 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.20 annualized dividend and a dividend yield of 0.97%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 31.19%.
In other news, CFO Jeffrey D. Lawrence sold 17,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $184.87, for a total transaction of $3,142,790.00. Following the transaction, the chief financial officer now owns 26,841 shares of the company’s stock, valued at $4,962,095.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.57% of the company’s stock.
Several brokerages recently weighed in on DPZ. Bank of America set a $245.00 target price on Domino’s Pizza and gave the stock a “buy” rating in a research report on Wednesday. Credit Suisse Group reaffirmed an “outperform” rating and issued a $245.00 target price (up from $235.00) on shares of Domino’s Pizza in a research report on Wednesday. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $230.00 target price (up from $200.00) on shares of Domino’s Pizza in a research report on Wednesday. Stephens reiterated an “overweight” rating and issued a $245.00 price target (up from $220.00) on shares of Domino’s Pizza in a report on Tuesday. They noted that the move was a valuation call. Finally, Deutsche Bank increased their price target on Domino’s Pizza from $220.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Domino’s Pizza currently has a consensus rating of “Buy” and a consensus target price of $226.49.
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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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