CIBC Asset Management Inc continued to hold its stake in Domino’s Pizza Inc (NYSE:DPZ) during the second quarter, according to its most recent filing with the SEC. The fund owned 1,588 shares of the restaurant operator’s stock at the end of the second quarter. CIBC Asset Management Inc’s holdings in Domino’s Pizza were worth $336,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. purchased a new stake in Domino’s Pizza during the first quarter valued at about $443,000. Sigma Planning Corp purchased a new stake in Domino’s Pizza during the first quarter valued at about $218,000. Magee Thomson Investment Partners LLC purchased a new stake in Domino’s Pizza during the first quarter valued at about $5,131,000. Navellier & Associates Inc raised its stake in Domino’s Pizza by 5.6% in the first quarter. Navellier & Associates Inc now owns 29,620 shares of the restaurant operator’s stock valued at $5,459,000 after buying an additional 1,558 shares during the period. Finally, Retirement Systems of Alabama raised its stake in Domino’s Pizza by 5.3% in the first quarter. Retirement Systems of Alabama now owns 111,273 shares of the restaurant operator’s stock valued at $20,508,000 after buying an additional 5,648 shares during the period. Hedge funds and other institutional investors own 99.37% of the company’s stock.
Shares of Domino’s Pizza Inc (DPZ) opened at 188.26 on Friday. The company’s 50-day moving average is $200.56 and its 200-day moving average is $193.88. Domino’s Pizza Inc has a one year low of $145.00 and a one year high of $221.58. The company has a market cap of $9.08 billion, a price-to-earnings ratio of 37.41 and a beta of 0.35.
Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.09. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. The company had revenue of $628.61 million for the quarter, compared to analysts’ expectations of $609.87 million. During the same quarter in the prior year, the company posted $0.98 earnings per share. Domino’s Pizza’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities analysts predict that Domino’s Pizza Inc will post $5.71 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.46 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.84 dividend on an annualized basis and a yield of 0.98%. Domino’s Pizza’s payout ratio is currently 36.65%.
Domino’s Pizza announced that its Board of Directors has initiated a stock buyback program on Wednesday, August 2nd that allows the company to buyback $1.25 billion in outstanding shares. This buyback authorization allows the restaurant operator to buy up to 13.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.
Several research firms have recently issued reports on DPZ. Longbow Research lowered shares of Domino’s Pizza from a “buy” rating to a “neutral” rating in a report on Friday, June 9th. BidaskClub upgraded shares of Domino’s Pizza from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. BTIG Research restated a “buy” rating and issued a $233.00 target price (up previously from $213.00) on shares of Domino’s Pizza in a report on Thursday, June 1st. Sanford C. Bernstein restated a “market perform” rating and issued a $215.00 target price on shares of Domino’s Pizza in a report on Tuesday, July 25th. Finally, Instinet restated a “neutral” rating and issued a $198.00 target price (up previously from $196.00) on shares of Domino’s Pizza in a report on Saturday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Domino’s Pizza has a consensus rating of “Hold” and a consensus target price of $195.38.
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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