Ajo LP raised its holdings in Domino’s Pizza Inc (NYSE:DPZ) by 6.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,410 shares of the restaurant operator’s stock after purchasing an additional 428 shares during the period. Ajo LP’s holdings in Domino’s Pizza were worth $1,567,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DPZ. IHT Wealth Management LLC raised its position in shares of Domino’s Pizza by 19.5% in the 1st quarter. IHT Wealth Management LLC now owns 569 shares of the restaurant operator’s stock valued at $105,000 after purchasing an additional 93 shares in the last quarter. Commonwealth Bank of Australia raised its position in shares of Domino’s Pizza by 25.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock valued at $105,000 after purchasing an additional 100 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Domino’s Pizza by 115.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the restaurant operator’s stock valued at $145,000 after purchasing an additional 368 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Domino’s Pizza in the 2nd quarter valued at approximately $160,000. Finally, Alpha Cubed Investments LLC acquired a new position in shares of Domino’s Pizza in the 2nd quarter valued at approximately $216,000. 94.22% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Domino’s Pizza Inc (DPZ) Holdings Boosted by Ajo LP” was first published by Daily Political and is owned by of Daily Political. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international trademark and copyright legislation. The legal version of this article can be read at https://www.dailypolitical.com/2017/09/20/dominos-pizza-inc-dpz-holdings-boosted-by-ajo-lp.html.

A number of equities analysts have issued reports on the company. Zacks Investment Research lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday. Maxim Group reaffirmed a “hold” rating and issued a $200.00 target price on shares of Domino’s Pizza in a research report on Tuesday. BTIG Research reaffirmed a “buy” rating and issued a $233.00 target price (up from $213.00) on shares of Domino’s Pizza in a research report on Thursday, June 1st. BidaskClub lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $215.00 target price on shares of Domino’s Pizza in a research report on Tuesday, July 25th. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Domino’s Pizza currently has an average rating of “Hold” and an average price target of $196.64.

Domino’s Pizza Inc (NYSE:DPZ) opened at 195.93 on Wednesday. The company’s 50-day moving average price is $188.46 and its 200-day moving average price is $194.48. Domino’s Pizza Inc has a 52 week low of $149.67 and a 52 week high of $221.58. The company has a market capitalization of $9.45 billion, a P/E ratio of 38.94 and a beta of 0.36.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.09. The business had revenue of $628.61 million during the quarter, compared to the consensus estimate of $609.87 million. Domino’s Pizza had a negative return on equity of 13.28% and a net margin of 9.40%. Domino’s Pizza’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the company earned $0.98 EPS. On average, equities analysts forecast that Domino’s Pizza Inc will post $5.69 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 given a dividend of $0.46 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.84 annualized dividend and a dividend yield of 0.94%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 36.65%.

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

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.

Want to see what other hedge funds are holding DPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domino’s Pizza Inc (NYSE:DPZ).

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.