QRG Capital Management Inc. Purchases 28 Shares of Domino’s Pizza Inc $DPZ

QRG Capital Management Inc. increased its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 4.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 654 shares of the restaurant operator’s stock after purchasing an additional 28 shares during the quarter. QRG Capital Management Inc.’s holdings in Domino’s Pizza were worth $295,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Principal Financial Group Inc. increased its position in Domino’s Pizza by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator’s stock valued at $799,897,000 after buying an additional 53,124 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Domino’s Pizza by 32.9% in the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator’s stock valued at $371,997,000 after purchasing an additional 200,622 shares during the period. Northern Trust Corp increased its holdings in shares of Domino’s Pizza by 13.9% in the first quarter. Northern Trust Corp now owns 450,302 shares of the restaurant operator’s stock valued at $206,891,000 after purchasing an additional 54,909 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Domino’s Pizza by 9.0% in the first quarter. Envestnet Asset Management Inc. now owns 402,412 shares of the restaurant operator’s stock valued at $184,888,000 after purchasing an additional 33,105 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of Domino’s Pizza by 12.8% in the first quarter. Wellington Management Group LLP now owns 350,086 shares of the restaurant operator’s stock worth $160,847,000 after buying an additional 39,745 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Domino’s Pizza

In other news, Director James A. Goldman sold 1,000 shares of Domino’s Pizza stock in a transaction on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the sale, the director directly owned 3,384 shares of the company’s stock, valued at approximately $1,527,842.16. The trade was a 22.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on DPZ. UBS Group restated a “buy” rating and issued a $540.00 target price on shares of Domino’s Pizza in a research note on Tuesday, July 22nd. Guggenheim raised their target price on Domino’s Pizza from $485.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. Wells Fargo & Company decreased their target price on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Loop Capital raised their target price on Domino’s Pizza from $564.00 to $574.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Finally, Benchmark raised their target price on Domino’s Pizza from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus price target of $493.30.

Domino’s Pizza Stock Up 0.3%

DPZ stock opened at $406.37 on Friday. The business has a fifty day moving average of $442.41 and a two-hundred day moving average of $458.97. The stock has a market cap of $13.80 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 2.23 and a beta of 1.12. Domino’s Pizza Inc has a 52-week low of $397.12 and a 52-week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.93 by ($0.12). Domino’s Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the business earned $4.03 EPS. Domino’s Pizza’s revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $1.74 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.7%. Domino’s Pizza’s payout ratio is presently 40.42%.

Domino’s Pizza Company Profile

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.