Janus Henderson Group PLC Buys 405,855 Shares of Domino’s Pizza Inc (DPZ)

Janus Henderson Group PLC increased its stake in shares of Domino’s Pizza Inc (NYSE:DPZ) by 8,627.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 410,559 shares of the restaurant operator’s stock after purchasing an additional 405,855 shares during the quarter. Janus Henderson Group PLC owned 0.85% of Domino’s Pizza worth $86,845,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its position in Domino’s Pizza by 0.5% in the second quarter. BlackRock Inc. now owns 5,369,812 shares of the restaurant operator’s stock worth $1,135,876,000 after acquiring an additional 24,988 shares in the last quarter. Vanguard Group Inc. raised its position in Domino’s Pizza by 8.5% in the second quarter. Vanguard Group Inc. now owns 4,164,927 shares of the restaurant operator’s stock worth $881,007,000 after acquiring an additional 327,585 shares in the last quarter. Renaissance Technologies LLC raised its position in Domino’s Pizza by 43.7% in the second quarter. Renaissance Technologies LLC now owns 3,060,900 shares of the restaurant operator’s stock worth $647,472,000 after acquiring an additional 930,200 shares in the last quarter. State Street Corp raised its position in Domino’s Pizza by 1.1% in the first quarter. State Street Corp now owns 1,538,004 shares of the restaurant operator’s stock worth $283,451,000 after acquiring an additional 16,726 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Domino’s Pizza by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 615,384 shares of the restaurant operator’s stock worth $130,174,000 after acquiring an additional 12,025 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

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Several research firms have issued reports on DPZ. Wells Fargo & Company reiterated a “market perform” rating and issued a $210.00 price objective (up previously from $204.00) on shares of Domino’s Pizza in a research report on Monday, October 2nd. Credit Suisse Group started coverage on Domino’s Pizza in a research report on Wednesday, October 4th. They issued a “neutral” rating and a $200.00 price objective for the company. Instinet restated a “neutral” rating and issued a $201.00 price target (up previously from $198.00) on shares of Domino’s Pizza in a research report on Wednesday, October 4th. Zacks Investment Research cut Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus started coverage on Domino’s Pizza in a research report on Monday, October 2nd. They issued a “buy” rating and a $235.00 price target for the company. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $199.46.

Shares of Domino’s Pizza Inc (NYSE:DPZ) opened at 209.44 on Wednesday. The firm has a 50-day moving average price of $192.06 and a 200-day moving average price of $196.06. Domino’s Pizza Inc has a 52 week low of $149.67 and a 52 week high of $221.58. The firm has a market capitalization of $10.11 billion, a price-to-earnings ratio of 41.62 and a beta of 0.36.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.09. The firm had revenue of $628.61 million for the quarter, compared to analyst estimates of $609.87 million. Domino’s Pizza had a negative return on equity of 13.28% and a net margin of 9.40%. Domino’s Pizza’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 earnings per share. On average, equities analysts expect that Domino’s Pizza Inc will post $5.70 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.88%. The ex-dividend date was Thursday, September 14th. Domino’s Pizza’s payout ratio is 36.65%.

Domino’s Pizza declared that its board has authorized a stock repurchase plan on Wednesday, August 2nd that allows the company to buyback $1.25 billion in outstanding shares. This buyback authorization allows the restaurant operator to purchase up to 13.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Domino’s Pizza Company Profile

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.

Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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