Employees Retirement System of Texas Holds Stake in Domino’s Pizza Inc (DPZ)
Employees Retirement System of Texas held its stake in shares of Domino’s Pizza Inc (NYSE:DPZ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,000 shares of the restaurant operator’s stock at the close of the 2nd quarter. Employees Retirement System of Texas owned approximately 0.06% of Domino’s Pizza worth $6,134,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth Bank of Australia raised its holdings in shares of Domino’s Pizza by 25.0% in the second quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock worth $105,000 after buying an additional 100 shares during the period. IHT Wealth Management LLC increased its holdings in Domino’s Pizza by 19.5% during the 1st quarter. IHT Wealth Management LLC now owns 569 shares of the restaurant operator’s stock worth $105,000 after purchasing an additional 93 shares during the period. Acrospire Investment Management LLC purchased a new position in Domino’s Pizza during the 2nd quarter worth $127,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Domino’s Pizza by 115.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the restaurant operator’s stock worth $145,000 after purchasing an additional 368 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in Domino’s Pizza during the 2nd quarter worth $160,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.
Shares of Domino’s Pizza Inc (NYSE:DPZ) opened at 201.11 on Thursday. The company has a market cap of $9.70 billion, a PE ratio of 39.97 and a beta of 0.36. The firm’s 50-day moving average price is $189.99 and its 200 day moving average price is $195.32. Domino’s Pizza Inc has a 12 month low of $149.67 and a 12 month high of $221.58.
Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.09. The firm had revenue of $628.61 million during the quarter, compared to the consensus estimate 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 was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Equities research analysts anticipate that Domino’s Pizza Inc will post $5.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.91%. Domino’s Pizza’s payout ratio is currently 36.65%.
Domino’s Pizza declared that its Board of Directors has approved a share repurchase program on Wednesday, August 2nd that permits the company to buyback $1.25 billion in shares. This buyback authorization permits the restaurant operator to buy up to 13.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
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DPZ has been the topic of several research reports. Wells Fargo & Company restated a “market perform” rating and set a $210.00 price objective (up from $204.00) on shares of Domino’s Pizza in a report on Monday. BidaskClub downgraded Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Instinet restated a “neutral” rating and set 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 Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Credit Suisse Group initiated coverage on Domino’s Pizza in a report on Wednesday. They set a “neutral” rating and a $200.00 price objective on the stock. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $199.46.
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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