BlackRock Inc. increased its stake in shares of Domino’s Pizza Inc (NYSE:DPZ) by 0.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,369,812 shares of the restaurant operator’s stock after buying an additional 24,988 shares during the quarter. BlackRock Inc. owned about 11.13% of Domino’s Pizza worth $1,135,876,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. M Holdings Securities Inc. lifted its position in 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 lifted 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 worth $422,000 after buying an additional 25 shares in the last quarter. Nisa Investment Advisors LLC lifted 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 worth $2,528,000 after buying an additional 30 shares in the last quarter. Mirador Capital Partners LP lifted 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 worth $321,000 after buying an additional 55 shares in the last quarter. Finally, World Asset Management Inc lifted 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 worth $741,000 after buying an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Domino’s Pizza Inc (NYSE DPZ) opened at 194.68 on Monday. Domino’s Pizza Inc has a 1-year low of $149.67 and a 1-year high of $221.58. The firm has a market capitalization of $9.39 billion, a PE ratio of 38.69 and a beta of 0.36. The company’s 50-day moving average price is $187.83 and its 200 day moving average price is $194.30.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $609.87 million. During the same period last year, the company posted $0.98 EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities analysts anticipate that Domino’s Pizza Inc will post $5.69 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.95%. The ex-dividend date is Thursday, September 14th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 36.65%.

DPZ has been the topic of a number of analyst reports. BidaskClub downgraded Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 18th. Zacks Investment Research upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and set a $236.00 price objective on the stock in a research report on Monday, June 19th. Bank of America Corporation lifted their price objective on Domino’s Pizza from $210.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, June 13th. BTIG Research reiterated a “buy” rating and set a $233.00 price objective (up previously from $213.00) on shares of Domino’s Pizza in a research report on Thursday, June 1st. Finally, Longbow Research upgraded Domino’s Pizza from a “neutral” rating to a “buy” rating and set a $229.00 price objective on the stock in a research report on Friday, July 28th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Domino’s Pizza has a consensus rating of “Hold” and an average target price of $196.64.

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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)

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