Daiwa Securities Group Inc. acquired a new stake in Domino’s Pizza Inc. (NYSE:DPZ) during the second quarter, Holdings Channel reports. The fund acquired 1,100 shares of the company’s stock, valued at approximately $145,000.
Several other hedge funds have also recently modified their holdings of the company. BlackRock Japan Co. Ltd purchased a new stake in shares of Domino’s Pizza during the first quarter valued at about $111,000. Nordea Investment Management AB purchased a new stake in shares of Domino’s Pizza during the second quarter valued at about $182,000. Boothbay Fund Management LLC purchased a new stake in shares of Domino’s Pizza during the first quarter valued at about $216,000. Acrospire Investment Management LLC purchased a new stake in shares of Domino’s Pizza during the first quarter valued at about $224,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Domino’s Pizza by 75.0% in the first quarter. Meeder Asset Management Inc. now owns 2,373 shares of the company’s stock valued at $313,000 after buying an additional 1,017 shares during the period. 95.61% of the stock is currently owned by institutional investors and hedge funds.
Shares of Domino’s Pizza Inc. (NYSE:DPZ) traded down 0.19% during midday trading on Friday, reaching $150.84. The company had a trading volume of 274,963 shares. Domino’s Pizza Inc. has a 52 week low of $100.59 and a 52 week high of $155.10. The company has a market capitalization of $7.28 billion, a P/E ratio of 40.60 and a beta of 0.81. The company’s 50 day moving average price is $150.78 and its 200-day moving average price is $136.78.
Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.04. The company had revenue of $547.34 million for the quarter, compared to analyst estimates of $533.44 million. Domino’s Pizza had a negative return on equity of 11.59% and a net margin of 8.45%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. On average, equities research analysts predict that Domino’s Pizza Inc. will post $4.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, September 13th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 40.86%.
DPZ has been the topic of several recent research reports. Numis Securities Ltd reaffirmed a “buy” rating on shares of Domino’s Pizza in a report on Wednesday, July 20th. Goldman Sachs Group Inc. restated a “buy” rating and set a $139.00 price target on shares of Domino’s Pizza in a report on Tuesday, July 19th. Zacks Investment Research upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Tuesday, July 26th. TheStreet upgraded Domino’s Pizza from a “hold” rating to a “buy” rating in a report on Monday, July 25th. Finally, Beaufort Securities restated a “buy” rating on shares of Domino’s Pizza in a report on Sunday, July 31st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. Domino’s Pizza has a consensus rating of “Hold” and a consensus price target of $141.88.
In other Domino’s Pizza news, insider Richard E. Allison, Jr. sold 20,000 shares of Domino’s Pizza stock in a transaction on Friday, August 19th. The stock was sold at an average price of $146.92, for a total value of $2,938,400.00. Following the sale, the insider now owns 42,080 shares in the company, valued at $6,182,393.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James A. Goldman sold 3,095 shares of Domino’s Pizza stock in a transaction on Monday, July 25th. The shares were sold at an average price of $147.66, for a total value of $457,007.70. Following the completion of the sale, the director now owns 15,167 shares in the company, valued at approximately $2,239,559.22. The disclosure for this sale can be found here. Company insiders own 5.03% of the company’s stock.
About Domino’s Pizza
Domino’s Pizza, Inc is a pizza restaurant chain. The Company operates pizza stores at 12,500 locations in over 80 markets. It operates through three segments: domestic stores, international franchise and supply chain. Its Domestic Stores segment consists primarily of its franchise operations, through which it operates network of over 4,820 franchised stores located in the United States.
Want to see what other hedge funds are holding DPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domino’s Pizza Inc. (NYSE:DPZ).
Receive News & Ratings for Domino's Pizza Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza Inc. and related companies with MarketBeat.com's FREE daily email newsletter.