Andra AP fonden decreased its stake in Domino’s Pizza Inc (NYSE:DPZ) by 17.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,100 shares of the restaurant operator’s stock after selling 3,800 shares during the period. Andra AP fonden’s holdings in Domino’s Pizza were worth $3,829,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in DPZ. Creative Planning increased its stake in shares of Domino’s Pizza by 18.6% in the first quarter. Creative Planning now owns 1,149 shares of the restaurant operator’s stock valued at $212,000 after buying an additional 180 shares during the period. Glen Harbor Capital Management LLC increased its stake in shares of Domino’s Pizza by 2.7% in the first quarter. Glen Harbor Capital Management LLC now owns 3,910 shares of the restaurant operator’s stock valued at $721,000 after buying an additional 102 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Domino’s Pizza by 259.5% in the first quarter. Janney Montgomery Scott LLC now owns 4,559 shares of the restaurant operator’s stock valued at $840,000 after buying an additional 3,291 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Domino’s Pizza by 11.9% in the first quarter. Russell Investments Group Ltd. now owns 121,572 shares of the restaurant operator’s stock valued at $22,404,000 after buying an additional 12,949 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Domino’s Pizza by 9.6% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,805 shares of the restaurant operator’s stock valued at $701,000 after buying an additional 332 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Domino’s Pizza Inc (NYSE DPZ) opened at 178.93 on Thursday. The firm’s 50 day moving average price is $196.87 and its 200-day moving average price is $194.37. Domino’s Pizza Inc has a 12-month low of $145.00 and a 12-month high of $221.58. The company has a market capitalization of $8.63 billion, a PE ratio of 35.56 and a beta of 0.35.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.09. The business had revenue of $628.61 million for the quarter, compared to analysts’ expectations of $609.87 million. Domino’s Pizza had a negative return on equity of 13.28% and a net margin of 9.40%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. On average, equities analysts anticipate that Domino’s Pizza Inc will post $5.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.46 per share. 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 (DPR) is presently 36.65%.

Domino’s Pizza announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 2nd that authorizes the company to buyback $1.25 billion in outstanding shares. This buyback authorization authorizes the restaurant operator to reacquire up to 13.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

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DPZ has been the topic of a number of recent research reports. BidaskClub downgraded shares of Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Instinet reiterated a “neutral” rating and issued a $198.00 price objective (up from $196.00) on shares of Domino’s Pizza in a report on Saturday, July 22nd. Zacks Investment Research downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. BTIG Research restated a “buy” rating and set a $233.00 target price (up from $213.00) on shares of Domino’s Pizza in a report on Thursday, June 1st. Finally, Wells Fargo & Company restated a “market perform” rating and set a $212.00 target price on shares of Domino’s Pizza in a report on Tuesday, July 18th. Thirteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus 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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Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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