Tocqueville Asset Management L.P. Has $465,000 Position in Domino’s Pizza Inc (DPZ)
Tocqueville Asset Management L.P. held its stake in Domino’s Pizza Inc (NYSE:DPZ) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,200 shares of the restaurant operator’s stock at the end of the second quarter. Tocqueville Asset Management L.P.’s holdings in Domino’s Pizza were worth $465,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. State of Wisconsin Investment Board boosted its stake in Domino’s Pizza by 17.4% in the first quarter. State of Wisconsin Investment Board now owns 32,021 shares of the restaurant operator’s stock worth $5,901,000 after buying an additional 4,738 shares during the last quarter. Turner Investments LLC purchased a new stake in shares of Domino’s Pizza during the first quarter worth approximately $1,491,000. V Wealth Management LLC purchased a new stake in shares of Domino’s Pizza during the second quarter worth approximately $293,000. Sapphire Star Partners LP boosted its stake in shares of Domino’s Pizza by 25.7% in the second quarter. Sapphire Star Partners LP now owns 1,759 shares of the restaurant operator’s stock worth $372,000 after buying an additional 360 shares in the last quarter. Finally, Bedrijfstakpensioenfonds Voor DE Media PNO purchased a new stake in shares of Domino’s Pizza during the second quarter worth approximately $1,204,000. 94.28% of the stock is owned by hedge funds and other institutional investors.
Domino’s Pizza Inc (DPZ) opened at 178.38 on Wednesday. The stock’s 50 day moving average price is $196.87 and its 200 day moving average price is $194.37. The firm has a market capitalization of $8.61 billion, a PE ratio of 35.45 and a beta of 0.35. Domino’s Pizza Inc has a one year low of $145.00 and a one year high of $221.58.
Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.09. The firm had revenue of $628.61 million for 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 company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. Analysts expect that Domino’s Pizza Inc will post $5.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.84 annualized dividend and a yield of 1.03%. Domino’s Pizza’s dividend payout ratio is presently 36.65%.
Domino’s Pizza declared that its board has authorized a stock buyback plan on Wednesday, August 2nd that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the restaurant operator to buy up to 13.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
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A number of analysts have commented on DPZ shares. Argus cut Domino’s Pizza from a “buy” rating to a “hold” rating and lifted their price target for the stock from $145.00 to $183.30 in a research report on Friday, August 25th. Maxim Group lifted their price target on Domino’s Pizza from $186.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, June 1st. BidaskClub cut Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 18th. BTIG Research reaffirmed a “buy” rating and set a $233.00 price target (up previously from $213.00) on shares of Domino’s Pizza in a research report on Thursday, June 1st. Finally, Instinet reaffirmed a “neutral” rating and set a $198.00 price target (up previously from $196.00) on shares of Domino’s Pizza in a research report on Saturday, July 22nd. Thirteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $193.66.
Domino’s Pizza Company 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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