Townsquare Capital LLC increased its stake in Domino’s Pizza Inc (NASDAQ:DPZ – Free Report) by 23.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,440 shares of the restaurant operator’s stock after purchasing an additional 1,782 shares during the quarter. Townsquare Capital LLC’s holdings in Domino’s Pizza were worth $4,337,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Berkshire Hathaway Inc raised its stake in shares of Domino’s Pizza by 86.5% during the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock worth $999,868,000 after buying an additional 1,104,744 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Domino’s Pizza by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator’s stock valued at $799,897,000 after acquiring an additional 53,124 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Domino’s Pizza by 1.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 410,467 shares of the restaurant operator’s stock worth $172,298,000 after acquiring an additional 5,762 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Domino’s Pizza by 9.0% during the first quarter. Envestnet Asset Management Inc. now owns 402,412 shares of the restaurant operator’s stock worth $184,888,000 after acquiring an additional 33,105 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Domino’s Pizza by 11.0% in the fourth quarter. Northern Trust Corp now owns 395,393 shares of the restaurant operator’s stock valued at $165,970,000 after purchasing an additional 39,038 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on DPZ shares. Loop Capital raised their price objective on shares of Domino’s Pizza from $564.00 to $574.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Barclays raised their price target on Domino’s Pizza from $420.00 to $425.00 and gave the stock an “underweight” rating in a research report on Monday, July 21st. Redburn Atlantic initiated coverage on Domino’s Pizza in a research report on Tuesday, June 10th. They issued a “sell” rating and a $340.00 price objective on the stock. Melius assumed coverage on Domino’s Pizza in a research report on Monday, July 14th. They set a “hold” rating and a $500.00 price objective for the company. Finally, Hsbc Global Res upgraded shares of Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $489.67.
Domino’s Pizza Price Performance
Shares of DPZ opened at $440.04 on Monday. Domino’s Pizza Inc has a 12 month low of $396.06 and a 12 month high of $500.55. The stock’s 50-day moving average is $460.41 and its two-hundred day moving average is $465.10. The stock has a market cap of $14.94 billion, a PE ratio of 25.55, a P/E/G ratio of 2.41 and a beta of 1.09.
Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last announced its earnings results on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing the consensus estimate of $3.93 by ($0.12). The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Domino’s Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.03 earnings per share. On average, research analysts anticipate that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.
Domino’s Pizza Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Domino’s Pizza’s payout ratio is presently 40.42%.
Domino’s Pizza 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.
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