TCW Group Inc. Has $14.08 Million Position in Domino’s Pizza Inc (DPZ)

TCW Group Inc. boosted its position in shares of Domino’s Pizza Inc (NYSE:DPZ) by 96.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,905 shares of the restaurant operator’s stock after buying an additional 34,720 shares during the quarter. TCW Group Inc. owned approximately 0.16% of Domino’s Pizza worth $14,078,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sheaff Brock Investment Advisors LLC grew its position in Domino’s Pizza by 1.3% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 1,996 shares of the restaurant operator’s stock valued at $422,000 after buying an additional 25 shares during the period. Nisa Investment Advisors LLC grew its position in Domino’s Pizza by 0.3% during the second quarter. Nisa Investment Advisors LLC now owns 11,947 shares of the restaurant operator’s stock valued at $2,528,000 after buying an additional 30 shares during the period. MML Investors Services LLC grew its position in Domino’s Pizza by 3.2% during the second quarter. MML Investors Services LLC now owns 1,405 shares of the restaurant operator’s stock valued at $297,000 after buying an additional 44 shares during the period. Mirador Capital Partners LP grew its position in Domino’s Pizza by 3.5% during the second quarter. Mirador Capital Partners LP now owns 1,632 shares of the restaurant operator’s stock valued at $321,000 after buying an additional 55 shares during the period. Finally, World Asset Management Inc grew its position in Domino’s Pizza by 1.8% during the second quarter. World Asset Management Inc now owns 3,502 shares of the restaurant operator’s stock valued at $741,000 after buying an additional 62 shares during the period. Institutional investors own 94.20% of the company’s stock.

In related news, insider Russell J. Weiner sold 7,276 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $195.00, for a total value of $1,418,820.00. Following the completion of the transaction, the insider now owns 17,563 shares in the company, valued at $3,424,785. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.57% of the company’s stock.

Several research firms have issued reports on DPZ. Wells Fargo & Company reaffirmed a “market perform” rating and set a $210.00 price objective (up from $204.00) on shares of Domino’s Pizza in a report on Monday, October 2nd. Instinet reaffirmed a “neutral” rating and set a $198.00 price objective (up from $196.00) on shares of Domino’s Pizza in a report on Saturday, July 22nd. Zacks Investment Research downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Maxim Group raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price objective for the company from $220.00 to $230.00 in a report on Thursday, November 2nd. Finally, Credit Suisse Group began coverage on shares of Domino’s Pizza in a report on Wednesday, October 4th. They set a “neutral” rating and a $200.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $208.90.

TRADEMARK VIOLATION NOTICE: “TCW Group Inc. Has $14.08 Million Position in Domino’s Pizza Inc (DPZ)” was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://stocknewstimes.com/2017/11/16/tcw-group-inc-has-14-08-million-position-in-dominos-pizza-inc-dpz.html.

Shares of Domino’s Pizza Inc (NYSE DPZ) traded up $0.10 on Thursday, hitting $175.76. 957,800 shares of the company’s stock were exchanged, compared to its average volume of 933,305. Domino’s Pizza Inc has a 1-year low of $156.26 and a 1-year high of $221.58. The firm has a market capitalization of $7,780.00, a PE ratio of 32.96, a PEG ratio of 1.81 and a beta of 0.37. The company has a current ratio of 1.49, a quick ratio of 1.39 and a debt-to-equity ratio of -1.13.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.05. The firm had revenue of $643.60 million during the quarter, compared to analysts’ expectations of $627.85 million. Domino’s Pizza had a net margin of 9.47% and a negative return on equity of 12.59%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.96 earnings per share. equities analysts forecast that Domino’s Pizza Inc will post 5.78 earnings per share for the current year.

Domino’s Pizza declared that its board has approved a stock repurchase program on Wednesday, August 2nd that permits the company to buyback $1.25 billion in shares. This buyback authorization permits the restaurant operator to reacquire up to 13.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Thursday, December 14th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 35.05%.

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.

Institutional Ownership by Quarter for Domino`s Pizza (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.

Latest News

Leave a Reply