Ameriprise Financial Inc. cut its position in shares of Domino’s Pizza Inc (NYSE:DPZ) by 19.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,409,537 shares of the restaurant operator’s stock after selling 340,966 shares during the quarter. Ameriprise Financial Inc. owned 2.92% of Domino’s Pizza worth $298,156,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. M Holdings Securities Inc. grew its holdings in shares of Domino’s Pizza by 0.6% during the first quarter. M Holdings Securities Inc. now owns 3,263 shares of the restaurant operator’s stock worth $601,000 after buying an additional 19 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in Domino’s Pizza by 1.3% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 1,996 shares of the restaurant operator’s stock valued at $422,000 after purchasing an additional 25 shares in the last quarter. Nisa Investment Advisors LLC grew its stake 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 purchasing an additional 30 shares in the last quarter. Mirador Capital Partners LP grew its stake in Domino’s Pizza by 3.5% in the second quarter. Mirador Capital Partners LP now owns 1,632 shares of the restaurant operator’s stock valued at $321,000 after purchasing an additional 55 shares in the last quarter. Finally, World Asset Management Inc grew its stake 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 purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 94.33% of the company’s stock.

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Domino’s Pizza Inc (NYSE DPZ) traded up 0.14% during trading on Thursday, hitting $188.36. 169,666 shares of the stock traded hands. The firm has a 50-day moving average price of $187.49 and a 200 day moving average price of $194.31. The firm has a market cap of $9.09 billion, a PE ratio of 37.43 and a beta of 0.36. Domino’s Pizza Inc has a 12 month low of $148.95 and a 12 month high of $221.58.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $609.87 million. During the same quarter last year, the business earned $0.98 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. On average, equities analysts forecast that Domino’s Pizza Inc will post $5.69 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, September 14th. Domino’s Pizza’s dividend payout ratio (DPR) 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 repurchase $1.25 billion in shares. This repurchase authorization allows the restaurant operator to buy up to 13.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

A number of research analysts have weighed in on DPZ shares. Argus downgraded Domino’s Pizza from a “buy” rating to a “hold” rating and raised their price target for the company from $145.00 to $183.30 in a research note on Friday, August 25th. Maxim Group raised their price objective on Domino’s Pizza from $186.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, June 1st. BidaskClub cut Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 18th. Instinet reaffirmed a “neutral” rating and issued a $198.00 price objective (up from $196.00) on shares of Domino’s Pizza in a research report on Saturday, July 22nd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $233.00 price objective (up from $213.00) on shares of Domino’s Pizza in a research report on Thursday, June 1st. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Domino’s Pizza currently has an average rating of “Hold” and an average target price of $196.08.

Domino’s Pizza 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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