First Trust Advisors LP Acquires 42,660 Shares of Domino’s Pizza Inc $DPZ

First Trust Advisors LP grew its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 278.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,962 shares of the restaurant operator’s stock after purchasing an additional 42,660 shares during the quarter. First Trust Advisors LP owned approximately 0.17% of Domino’s Pizza worth $26,118,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DPZ. DekaBank Deutsche Girozentrale increased its stake in shares of Domino’s Pizza by 2.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 8,091 shares of the restaurant operator’s stock worth $3,631,000 after purchasing an additional 228 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of Domino’s Pizza by 2,076.8% during the 2nd quarter. Sterling Capital Management LLC now owns 180,084 shares of the restaurant operator’s stock valued at $81,146,000 after purchasing an additional 171,811 shares in the last quarter. Scientech Research LLC increased its stake in Domino’s Pizza by 86.7% in the 1st quarter. Scientech Research LLC now owns 2,423 shares of the restaurant operator’s stock worth $1,113,000 after acquiring an additional 1,125 shares during the last quarter. Maverick Capital Ltd. bought a new position in shares of Domino’s Pizza in the first quarter worth approximately $11,647,000. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Domino’s Pizza by 77.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,653 shares of the restaurant operator’s stock worth $745,000 after buying an additional 724 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DPZ. Jefferies Financial Group reduced their price objective on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Wells Fargo & Company decreased their target price on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating for the company in a report on Wednesday, October 8th. Bank of America raised their price objective on shares of Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. TD Cowen restated a “buy” rating and set a $510.00 target price on shares of Domino’s Pizza in a report on Tuesday, October 14th. Finally, Citigroup reduced their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $490.40.

Domino’s Pizza Price Performance

Shares of NASDAQ:DPZ opened at $418.88 on Thursday. The business has a fifty day moving average price of $413.21 and a 200-day moving average price of $440.82. The company has a market capitalization of $14.15 billion, a PE ratio of 24.48, a PEG ratio of 2.21 and a beta of 1.14. Domino’s Pizza Inc has a 1-year low of $392.89 and a 1-year high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, beating the consensus estimate of $3.96 by $0.12. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. Domino’s Pizza’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $4.19 EPS. On average, sell-side analysts anticipate that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be issued a dividend of $1.74 per share. The ex-dividend date is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.7%. Domino’s Pizza’s dividend payout ratio is presently 40.68%.

Domino’s Pizza 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.