Dynamic Technology Lab Private Ltd Grows Stock Holdings in Domino’s Pizza Inc $DPZ

Dynamic Technology Lab Private Ltd grew its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 78.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,727 shares of the restaurant operator’s stock after buying an additional 1,197 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Domino’s Pizza were worth $1,229,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DPZ. AGP Franklin LLC boosted its stake in Domino’s Pizza by 0.4% in the first quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator’s stock valued at $2,403,000 after acquiring an additional 21 shares in the last quarter. HighPoint Advisor Group LLC increased its position in shares of Domino’s Pizza by 3.2% during the first quarter. HighPoint Advisor Group LLC now owns 672 shares of the restaurant operator’s stock worth $332,000 after purchasing an additional 21 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Domino’s Pizza by 0.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 4,162 shares of the restaurant operator’s stock valued at $1,912,000 after purchasing an additional 21 shares during the last quarter. Compound Planning Inc. lifted its holdings in shares of Domino’s Pizza by 4.1% during the 1st quarter. Compound Planning Inc. now owns 562 shares of the restaurant operator’s stock valued at $258,000 after purchasing an additional 22 shares during the last quarter. Finally, CX Institutional boosted its position in shares of Domino’s Pizza by 6.7% in the 2nd quarter. CX Institutional now owns 382 shares of the restaurant operator’s stock worth $172,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on DPZ. Wells Fargo & Company reduced their target price on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. Guggenheim upped their price objective on shares of Domino’s Pizza from $485.00 to $490.00 and gave the company a “neutral” rating in a report on Wednesday, August 27th. Bank of America increased their price objective on shares of Domino’s Pizza from $514.00 to $536.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Royal Bank Of Canada dropped their target price on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 15th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $510.00 price target on shares of Domino’s Pizza in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $490.32.

Domino’s Pizza Stock Down 0.6%

Shares of NASDAQ DPZ opened at $397.21 on Friday. Domino’s Pizza Inc has a 52 week low of $392.89 and a 52 week high of $500.55. The business’s 50 day moving average price is $417.44 and its 200 day moving average price is $447.47. The firm has a market cap of $13.42 billion, a P/E ratio of 23.22, a P/E/G ratio of 2.15 and a beta of 1.09.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data 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 business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $4.19 EPS. As a group, research analysts expect that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be given a dividend of $1.74 per share. The ex-dividend date is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.8%. Domino’s Pizza’s payout ratio is currently 40.68%.

Domino’s Pizza Company Profile

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.