Bank of Montreal Can acquired a new position in Domino’s Pizza Inc. (NYSE:DPZ) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 23,223 shares of the company’s stock, valued at approximately $3,051,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Japan Co. Ltd purchased a new stake in Domino’s Pizza during the first quarter worth approximately $111,000. Daiwa Securities Group Inc. purchased a new stake in Domino’s Pizza during the second quarter worth approximately $145,000. Nordea Investment Management AB purchased a new stake in Domino’s Pizza during the second quarter worth approximately $182,000. Boothbay Fund Management LLC purchased a new stake in Domino’s Pizza during the first quarter worth approximately $216,000. Finally, Meeder Asset Management Inc. increased its stake in Domino’s Pizza by 75.0% in the first quarter. Meeder Asset Management Inc. now owns 2,373 shares of the company’s stock worth $313,000 after buying an additional 1,017 shares during the last quarter. 95.55% of the stock is currently owned by hedge funds and other institutional investors.
Domino’s Pizza Inc. (NYSE:DPZ) traded up 0.59% during midday trading on Monday, hitting $152.01. The stock had a trading volume of 1,147,920 shares. The company’s 50-day moving average price is $151.21 and its 200 day moving average price is $137.76. The stock has a market cap of $7.34 billion, a P/E ratio of 40.92 and a beta of 0.81. Domino’s Pizza Inc. has a 12-month low of $100.59 and a 12-month high of $155.10.
Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, July 21st. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.04. The business had revenue of $547.34 million for the quarter, compared to analysts’ expectations of $533.44 million. Domino’s Pizza had a negative return on equity of 11.59% and a net margin of 8.45%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 EPS. 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 announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Tuesday, September 13th. Domino’s Pizza’s payout ratio is 40.86%.
A number of research firms have commented on DPZ. Zacks Investment Research upgraded Domino’s Pizza from a “sell” rating to a “hold” rating in a research report on Tuesday, September 27th. N+1 Singer reiterated a “hold” rating on shares of Domino’s Pizza in a research report on Wednesday, October 12th. Peel Hunt reiterated a “buy” rating on shares of Domino’s Pizza in a research report on Thursday. Maxim Group boosted their target price on Domino’s Pizza from $135.00 to $158.00 and gave the stock a “hold” rating in a research report on Tuesday, October 4th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Domino’s Pizza in a research report on Thursday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $144.73.
In related news, Director James A. Goldman sold 3,095 shares of Domino’s Pizza stock in a transaction on Monday, July 25th. The stock was sold at an average price of $147.66, for a total value of $457,007.70. Following the transaction, the director now directly owns 15,167 shares in the company, valued at approximately $2,239,559.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the transaction, the insider now owns 42,080 shares in the company, valued at $6,182,393.60. The disclosure for this sale can be found here. 5.03% of the stock is owned by corporate insiders.
Domino’s Pizza Company Profile
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.