Comerica Bank boosted its stake in shares of Domino's Pizza, Inc. (NYSE:DPZ) by 3.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,459 shares of the restaurant operator’s stock after buying an additional 1,091 shares during the period. Comerica Bank owned about 0.08% of Domino's Pizza worth $6,950,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Domino's Pizza by 5.0% in the third quarter. Principal Financial Group Inc. now owns 194,467 shares of the restaurant operator’s stock valued at $29,529,000 after buying an additional 9,325 shares in the last quarter. Advisory Research Inc. purchased a new position in shares of Domino's Pizza during the fourth quarter worth approximately $1,018,000. TIAA CREF Investment Management LLC boosted its position in shares of Domino's Pizza by 10.3% in the third quarter. TIAA CREF Investment Management LLC now owns 100,772 shares of the restaurant operator’s stock worth $15,302,000 after buying an additional 9,382 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Domino's Pizza during the first quarter worth approximately $1,181,000. Finally, Nicholas Investment Partners LP boosted its position in shares of Domino's Pizza by 2.5% in the fourth quarter. Nicholas Investment Partners LP now owns 39,845 shares of the restaurant operator’s stock worth $6,344,000 after buying an additional 970 shares in the last quarter. Hedge funds and other institutional investors own 91.75% of the company’s stock.
Shares of Domino's Pizza, Inc. (NYSE:DPZ) traded up 0.56% during mid-day trading on Friday, hitting $195.80. The company had a trading volume of 644,850 shares. Domino's Pizza, Inc. has a 1-year low of $120.35 and a 1-year high of $198.00. The company has a 50-day moving average price of $184.81 and a 200-day moving average price of $176.00. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of 41.86 and a beta of 0.65.
Domino's Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, April 27th. The restaurant operator reported $1.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.10. The firm had revenue of $624.20 million for the quarter, compared to analyst estimates of $615.66 million. Domino's Pizza had a net margin of 8.55% and a negative return on equity of 11.03%. Domino's Pizza’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the company posted $0.89 EPS. On average, equities analysts anticipate that Domino's Pizza, Inc. will post $5.43 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Tuesday, June 13th. Domino's Pizza’s dividend payout ratio (DPR) is 37.91%.
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A number of analysts recently issued reports on the company. Guggenheim assumed coverage on Domino's Pizza in a report on Friday, April 21st. They set a “buy” rating and a $192.00 price objective on the stock. Instinet reissued a “neutral” rating and set a $196.00 price objective (up previously from $174.00) on shares of Domino's Pizza in a report on Saturday, April 29th. Stephens restated an “equal weight” rating and issued a $185.00 target price on shares of Domino's Pizza in a research note on Friday, April 28th. Jefferies Group LLC restated a “hold” rating and issued a $185.00 target price (up from $180.00) on shares of Domino's Pizza in a research note on Saturday, April 29th. Finally, BTIG Research reiterated a “buy” rating and set a $195.00 price objective on shares of Domino's Pizza in a research report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $172.03.
In other news, Director Greg Trojan sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $186.42, for a total transaction of $466,050.00. Following the completion of the sale, the director now owns 4,050 shares in the company, valued at approximately $755,001. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.03% of the stock is owned by company insiders.
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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