Thrivent Financial for Lutherans Increases Stock Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Thrivent Financial for Lutherans raised its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 26.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,441 shares of the restaurant operator’s stock after buying an additional 915 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Domino’s Pizza were worth $2,293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC raised its position in shares of Domino’s Pizza by 25.2% in the 2nd quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 26 shares during the last quarter. Czech National Bank raised its holdings in shares of Domino’s Pizza by 0.4% in the first quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock worth $3,049,000 after buying an additional 27 shares during the last quarter. Insight Folios Inc lifted its stake in shares of Domino’s Pizza by 3.4% during the first quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock worth $421,000 after buying an additional 28 shares during the period. Portside Wealth Group LLC grew its holdings in shares of Domino’s Pizza by 6.5% during the second quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock valued at $235,000 after buying an additional 28 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in Domino’s Pizza by 4.6% during the 2nd quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator’s stock worth $342,000 after acquiring an additional 29 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Up 0.3 %

Shares of NYSE DPZ opened at $430.13 on Tuesday. The stock has a market capitalization of $15.00 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 2.21 and a beta of 0.86. Domino’s Pizza, Inc. has a 52 week low of $330.05 and a 52 week high of $542.75. The firm has a 50-day simple moving average of $422.81 and a 200-day simple moving average of $471.86.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $3.08 EPS. As a group, equities research analysts expect that Domino’s Pizza, Inc. will post 16.24 EPS for the current year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.40%. The ex-dividend date was Friday, September 13th. Domino’s Pizza’s payout ratio is currently 39.43%.

Wall Street Analysts Forecast Growth

DPZ has been the topic of a number of research reports. TD Cowen cut their price objective on Domino’s Pizza from $520.00 to $475.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Stephens dropped their price objective on shares of Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Baird R W raised shares of Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a report on Monday, July 8th. Finally, Benchmark reduced their price objective on Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus price target of $506.28.

About Domino’s Pizza

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.