Crossmark Global Holdings Inc. Buys Shares of 6,620 Domino’s Pizza Inc (DPZ)
Crossmark Global Holdings Inc. purchased a new stake in shares of Domino’s Pizza Inc (NYSE:DPZ) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,620 shares of the restaurant operator’s stock, valued at approximately $1,314,000.
Several other institutional investors have also recently made changes to their positions in the company. Strs Ohio increased its stake in shares of Domino’s Pizza by 4,601.2% during the third quarter. Strs Ohio now owns 30,652 shares of the restaurant operator’s stock valued at $6,085,000 after buying an additional 30,000 shares during the period. Whittier Trust Co. lifted its holdings in shares of Domino’s Pizza by 1.6% during the third quarter. Whittier Trust Co. now owns 18,412 shares of the restaurant operator’s stock worth $3,656,000 after purchasing an additional 285 shares during the period. Oakbrook Investments LLC acquired a new stake in shares of Domino’s Pizza during the third quarter worth about $533,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Domino’s Pizza by 6.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 72,662 shares of the restaurant operator’s stock worth $14,426,000 after purchasing an additional 4,579 shares during the period. Finally, Pensionfund Sabic acquired a new stake in shares of Domino’s Pizza during the third quarter worth about $1,529,000. Hedge funds and other institutional investors own 94.20% of the company’s stock.
A number of brokerages have issued reports on DPZ. Zacks Investment Research raised Domino’s Pizza from a “hold” rating to a “buy” rating and set a $204.00 price target for the company in a report on Monday, September 4th. BidaskClub cut Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 18th. Longbow Research upgraded Domino’s Pizza from a “neutral” rating to a “buy” rating and set a $229.00 price target for the company in a research report on Friday, July 28th. Stifel Nicolaus began coverage on Domino’s Pizza in a research note on Monday, October 2nd. They set a “buy” rating and a $235.00 price objective on the stock. Finally, Guggenheim reissued a “buy” rating and set a $230.00 price objective on shares of Domino’s Pizza in a research note on Friday, October 13th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Domino’s Pizza currently has a consensus rating of “Hold” and an average price target of $208.90.
Shares of Domino’s Pizza Inc (NYSE DPZ) opened at $173.21 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.49 and a debt-to-equity ratio of -1.13. The firm has a market capitalization of $7,378.39, a PE ratio of 31.65, a P/E/G ratio of 1.74 and a beta of 0.37. Domino’s Pizza Inc has a fifty-two week low of $153.58 and a fifty-two week high of $221.58.
Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Thursday, October 12th. The restaurant operator reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.05. The company had revenue of $643.60 million during the quarter, compared to analyst estimates of $627.85 million. Domino’s Pizza had a negative return on equity of 12.59% and a net margin of 9.47%. The business’s revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 earnings per share. equities analysts anticipate that Domino’s Pizza Inc will post 5.78 EPS for the current year.
Domino’s Pizza announced that its board has authorized a share repurchase program on Wednesday, August 2nd that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the restaurant operator to purchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.84 annualized dividend and a dividend yield of 1.06%. Domino’s Pizza’s dividend payout ratio is presently 35.11%.
In other news, insider Russell J. Weiner sold 7,276 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $195.00, for a total transaction of $1,418,820.00. Following the completion of the transaction, the insider now directly owns 17,563 shares in the company, valued at $3,424,785. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.57% of the company’s stock.
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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