Kayne Anderson Rudnick Investment Management LLC lessened its position in shares of Domino’s Pizza Inc (NYSE:DPZ) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,500 shares of the restaurant operator’s stock after selling 1,071 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Domino’s Pizza were worth $4,971,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. IHT Wealth Management LLC increased its position in Domino’s Pizza by 19.5% during the first quarter. IHT Wealth Management LLC now owns 569 shares of the restaurant operator’s stock valued at $105,000 after acquiring an additional 93 shares during the last quarter. TrimTabs Asset Management LLC increased its position in Domino’s Pizza by 88.4% during the first quarter. TrimTabs Asset Management LLC now owns 682 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 320 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Domino’s Pizza by 115.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the restaurant operator’s stock valued at $145,000 after acquiring an additional 368 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Domino’s Pizza during the second quarter valued at $160,000. Finally, Alpha Cubed Investments LLC purchased a new stake in Domino’s Pizza during the second quarter valued at $216,000. Institutional investors own 94.33% of the company’s stock.

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Domino’s Pizza Inc (DPZ) opened at 182.63 on Thursday. Domino’s Pizza Inc has a 1-year low of $145.00 and a 1-year high of $221.58. The company has a market cap of $8.81 billion, a price-to-earnings ratio of 36.29 and a beta of 0.36. The stock has a 50 day moving average price of $190.44 and a 200-day moving average price of $194.28.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 EPS. On average, equities research analysts forecast that Domino’s Pizza Inc will post $5.69 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, September 14th. Domino’s Pizza’s dividend payout ratio is currently 36.65%.

Domino’s Pizza declared that its Board of Directors has authorized a stock buyback program on Wednesday, August 2nd that authorizes the company to buyback $1.25 billion in outstanding shares. This buyback authorization authorizes the restaurant operator to purchase up to 13.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

A number of analysts recently commented on the company. Longbow Research cut Domino’s Pizza from a “buy” rating to a “neutral” rating in a research report on Friday, June 9th. BidaskClub upgraded Domino’s Pizza from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. BTIG Research reiterated a “buy” rating and set a $233.00 price objective (up previously from $213.00) on shares of Domino’s Pizza in a research report on Thursday, June 1st. Sanford C. Bernstein reiterated a “market perform” rating and set a $215.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, July 25th. Finally, Instinet reiterated a “neutral” rating and set a $198.00 price objective (up previously from $196.00) on shares of Domino’s Pizza in a research report on Saturday, July 22nd. Thirteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $193.90.

About Domino’s Pizza

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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