Domino’s Pizza Inc (DPZ) Position Boosted by Renaissance Technologies LLC
Renaissance Technologies LLC boosted its position in shares of Domino’s Pizza Inc (NYSE:DPZ) by 43.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,060,900 shares of the restaurant operator’s stock after purchasing an additional 930,200 shares during the period. Domino’s Pizza comprises about 0.8% of Renaissance Technologies LLC’s investment portfolio, making the stock its 9th biggest position. Renaissance Technologies LLC owned 6.34% of Domino’s Pizza worth $647,472,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Commonwealth Bank of Australia increased its position in 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 acquiring an additional 100 shares in the last quarter. IHT Wealth Management LLC increased its position in 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 acquiring an additional 93 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in Domino’s Pizza in the 2nd quarter valued at about $127,000. Whittier Trust Co. of Nevada Inc. increased its position in 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 acquiring an additional 368 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Domino’s Pizza in the 2nd quarter valued at about $160,000. 94.22% of the stock is owned by hedge funds and other institutional investors.
Shares of Domino’s Pizza Inc (DPZ) traded down 0.42% during midday trading on Friday, hitting $197.21. 1,031,252 shares of the stock traded hands. The company has a market capitalization of $9.52 billion, a price-to-earnings ratio of 39.19 and a beta of 0.36. The firm’s 50-day moving average is $188.46 and its 200 day moving average is $194.48. Domino’s Pizza Inc has a 52 week low of $149.67 and a 52 week high of $221.58.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data 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. The business had revenue of $628.61 million during the quarter, compared to analyst estimates of $609.87 million. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the business earned $0.98 EPS. Equities analysts forecast that Domino’s Pizza Inc will post $5.69 earnings per share for the current year.
The firm also recently disclosed 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 of this dividend is Thursday, September 14th. This represents a $1.84 dividend on an annualized basis and a yield of 0.93%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 36.65%.
Domino’s Pizza announced that its board has authorized a share repurchase plan on Wednesday, August 2nd that permits the company to buyback $1.25 billion in shares. This buyback authorization permits the restaurant operator to reacquire up to 13.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.
Several research firms have weighed in on DPZ. Zacks Investment Research upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $221.00 price objective for the company in a research report on Thursday. Maxim Group restated a “hold” rating and issued a $200.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, September 19th. Finally, Argus cut shares of Domino’s Pizza from a “buy” rating to a “hold” rating and raised their price objective for the company from $145.00 to $183.30 in a research report on Friday, August 25th. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $197.14.
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.
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