Cavalier Investments LLC Purchases Shares of 4,150 Domino’s Pizza Inc (DPZ)
Cavalier Investments LLC purchased a new stake in shares of Domino’s Pizza Inc (NYSE:DPZ) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,150 shares of the restaurant operator’s stock, valued at approximately $824,000.
Several other institutional investors have also recently added to or reduced their stakes in DPZ. Renaissance Technologies LLC grew its stake in shares of Domino’s Pizza by 43.7% during the 2nd quarter. Renaissance Technologies LLC now owns 3,060,900 shares of the restaurant operator’s stock valued at $647,472,000 after purchasing an additional 930,200 shares during the period. Koch Industries Inc. lifted its position in shares of Domino’s Pizza by 21,599.0% during the 2nd quarter. Koch Industries Inc. now owns 568,730 shares of the restaurant operator’s stock valued at $566,000 after buying an additional 566,109 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of Domino’s Pizza during the 2nd quarter valued at about $113,818,000. Old Mutual Global Investors UK Ltd. lifted its position in shares of Domino’s Pizza by 680.8% during the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 532,689 shares of the restaurant operator’s stock valued at $112,679,000 after buying an additional 464,468 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Domino’s Pizza by 8,627.9% during the 2nd quarter. Janus Henderson Group PLC now owns 410,559 shares of the restaurant operator’s stock valued at $86,845,000 after buying an additional 405,855 shares in the last quarter. Institutional investors and hedge funds own 94.20% of the company’s stock.
Shares of Domino’s Pizza Inc (NYSE:DPZ) traded down $4.48 during mid-day trading on Tuesday, hitting $173.46. The company’s stock had a trading volume of 1,992,731 shares, compared to its average volume of 1,300,000. Domino’s Pizza Inc has a twelve month low of $153.58 and a twelve month high of $221.58. The stock has a market cap of $7,490.00, a PE ratio of 33.38, a price-to-earnings-growth ratio of 1.84 and a beta of 0.37. The company has a quick ratio of 1.39, a current ratio of 1.49 and a debt-to-equity ratio of -1.13.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.05. The firm had revenue of $643.60 million during the quarter, compared to analysts’ expectations of $627.85 million. Domino’s Pizza had a negative return on equity of 12.59% and a net margin of 9.47%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 EPS. analysts forecast that Domino’s Pizza Inc will post 5.78 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, December 14th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 35.05%.
Domino’s Pizza declared that its Board of Directors has authorized a share repurchase plan on Wednesday, August 2nd that permits the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
In other Domino’s Pizza news, insider Russell J. Weiner sold 7,276 shares of the stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $195.00, for a total value of $1,418,820.00. Following the completion of the sale, the insider now directly owns 17,563 shares in the company, valued at $3,424,785. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.57% of the company’s stock.
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A number of research analysts have recently weighed in on DPZ shares. BidaskClub raised Domino’s Pizza from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $212.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, July 18th. Instinet reaffirmed a “neutral” rating and set a $198.00 price objective (up from $196.00) on shares of Domino’s Pizza in a research report on Saturday, July 22nd. Sanford C. Bernstein reaffirmed 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, Stephens raised Domino’s Pizza from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $210.00 to $185.00 in a report on Wednesday, July 26th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $208.90.
Domino’s Pizza 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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