Domino’s Pizza Inc (DPZ) Position Increased by Convergence Investment Partners LLC

Convergence Investment Partners LLC boosted its stake in shares of Domino’s Pizza Inc (NYSE:DPZ) by 100.0% during the second quarter, Holdings Channel reports. The fund owned 8,202 shares of the restaurant operator’s stock after buying an additional 4,101 shares during the period. Convergence Investment Partners LLC’s holdings in Domino’s Pizza were worth $1,735,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. MCF Advisors LLC raised its position in Domino’s Pizza by 0.5% in the first quarter. MCF Advisors LLC now owns 879 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 4 shares during the last quarter. M Holdings Securities Inc. raised its position in Domino’s Pizza by 0.6% in the first quarter. M Holdings Securities Inc. now owns 3,263 shares of the restaurant operator’s stock valued at $601,000 after buying an additional 19 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Domino’s Pizza by 0.3% in 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 last quarter. Tyers Asset Management LLC raised its position in Domino’s Pizza by 2.7% in the first quarter. Tyers Asset Management LLC now owns 1,840 shares of the restaurant operator’s stock valued at $339,000 after buying an additional 48 shares during the last quarter. Finally, World Asset Management Inc raised its position in Domino’s Pizza by 1.8% in 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 last quarter. Institutional investors own 99.37% of the company’s stock.

Shares of Domino’s Pizza Inc (NYSE DPZ) opened at 192.86 on Monday. The firm has a market capitalization of $9.31 billion, a price-to-earnings ratio of 38.33 and a beta of 0.35. Domino’s Pizza Inc has a 12-month low of $143.47 and a 12-month high of $221.58. The firm’s 50-day moving average is $203.55 and its 200-day moving average is $193.35.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $628.61 million during the quarter, compared to the consensus estimate of $609.87 million. During the same period in the previous year, the firm earned $0.98 earnings per share. Domino’s Pizza’s revenue was up 14.8% compared to the same quarter last year. Equities research analysts forecast that Domino’s Pizza Inc will post $5.70 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued 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 0.95%. Domino’s Pizza’s payout ratio is 36.65%.

Domino’s Pizza declared that its Board of Directors has authorized a share 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 usually an indication that the company’s leadership believes its stock is undervalued.

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Several research firms have weighed in on DPZ. Guggenheim began coverage on shares of Domino’s Pizza in a report on Friday, April 21st. They issued a “buy” rating and a $192.00 target price on the stock. BidaskClub lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $217.00 target price on the stock in a report on Thursday. Stephens upgraded shares of Domino’s Pizza from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $210.00 to $185.00 in a report on Wednesday, July 26th. Finally, Instinet reiterated a “neutral” rating and issued a $196.00 target price (up from $174.00) on shares of Domino’s Pizza in a report on Saturday, April 29th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $195.38.

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.

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

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