World Asset Management Inc raised its position in shares of Domino’s Pizza Inc (NYSE:DPZ) by 1.8% during the second quarter, Holdings Channel reports. The institutional investor owned 3,502 shares of the restaurant operator’s stock after buying an additional 62 shares during the period. World Asset Management Inc’s holdings in Domino’s Pizza were worth $741,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Teachers Advisors LLC increased its position in shares of Domino’s Pizza by 22.0% in the fourth quarter. Teachers Advisors LLC now owns 53,194 shares of the restaurant operator’s stock worth $8,471,000 after buying an additional 9,600 shares in the last quarter. Creative Planning increased its position in shares of Domino’s Pizza by 18.6% in the first quarter. Creative Planning now owns 1,149 shares of the restaurant operator’s stock worth $212,000 after buying an additional 180 shares in the last quarter. Gulf International Bank UK Ltd increased its position in shares of Domino’s Pizza by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 14,390 shares of the restaurant operator’s stock worth $2,652,000 after buying an additional 140 shares in the last quarter. Bank of Montreal Can increased its position in shares of Domino’s Pizza by 77.4% in the first quarter. Bank of Montreal Can now owns 62,047 shares of the restaurant operator’s stock worth $11,435,000 after buying an additional 27,064 shares in the last quarter. Finally, Capstone Asset Management Co. increased its position in shares of Domino’s Pizza by 3.3% in the first quarter. Capstone Asset Management Co. now owns 6,146 shares of the restaurant operator’s stock worth $1,133,000 after buying an additional 197 shares in the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

Shares of Domino’s Pizza Inc (DPZ) opened at 195.43 on Tuesday. The firm has a market cap of $9.43 billion, a PE ratio of 38.84 and a beta of 0.35. The firm has a 50 day moving average price of $207.84 and a 200-day moving average price of $192.31. Domino’s Pizza Inc has a 12 month low of $143.47 and a 12 month high of $221.58.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.09. Domino’s Pizza had a negative return on equity of 13.28% and a net margin of 9.40%. The business had revenue of $628.61 million during the quarter, compared to analysts’ expectations of $609.87 million. During the same quarter last year, the company posted $0.98 earnings per share. Domino’s Pizza’s quarterly revenue was up 14.8% on a year-over-year basis. On average, analysts predict that Domino’s Pizza Inc will post $5.65 EPS for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, September 14th. Domino’s Pizza’s payout ratio is currently 36.65%.

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DPZ has been the topic of a number of recent research reports. Jefferies Group LLC restated a “hold” rating and issued a $180.00 target price on shares of Domino’s Pizza in a research note on Wednesday, April 12th. Guggenheim initiated coverage on Domino’s Pizza in a research note on Friday, April 21st. They issued a “buy” rating and a $192.00 target price on the stock. OTR Global restated a “positive” rating on shares of Domino’s Pizza in a research note on Saturday, April 22nd. Stephens restated an “equal weight” rating and issued a $185.00 target price on shares of Domino’s Pizza in a research note on Friday, April 28th. Finally, Instinet restated a “neutral” rating and issued a $196.00 target price (up previously from $174.00) on shares of Domino’s Pizza in a research note on Saturday, April 29th. Twelve analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Domino’s Pizza presently has a consensus rating of “Hold” and an average price target of $196.56.

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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