Kayne Anderson Rudnick Investment Management LLC Sells 5,448 Shares of Domino’s Pizza Inc (DPZ)
Kayne Anderson Rudnick Investment Management LLC lessened its stake in Domino’s Pizza Inc (NYSE:DPZ) by 23.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,052 shares of the restaurant operator’s stock after selling 5,448 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Domino’s Pizza were worth $3,584,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DPZ. Meeder Asset Management Inc. bought a new stake in shares of Domino’s Pizza in the 2nd quarter valued at about $160,000. Mn Services Vermogensbeheer B.V. raised its position in Domino’s Pizza by 513.0% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 7,791 shares of the restaurant operator’s stock valued at $1,648,000 after purchasing an additional 6,520 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Domino’s Pizza by 0.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 11,947 shares of the restaurant operator’s stock valued at $2,528,000 after purchasing an additional 30 shares during the last quarter. Bedrijfstakpensioenfonds Voor DE Media PNO bought a new position in Domino’s Pizza during the 2nd quarter valued at approximately $1,204,000. Finally, State Treasurer State of Michigan raised its position in Domino’s Pizza by 1.5% during the 2nd quarter. State Treasurer State of Michigan now owns 19,800 shares of the restaurant operator’s stock valued at $4,188,000 after purchasing an additional 300 shares during the last quarter. 94.20% of the stock is owned by institutional investors.
A number of research firms have commented on DPZ. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $215.00 price target on shares of Domino’s Pizza in a research report on Tuesday, July 25th. BidaskClub lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. 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. Credit Suisse Group began coverage on Domino’s Pizza in a research report on Wednesday, October 4th. They set a “neutral” rating and a $200.00 price target for the company. Finally, Maxim Group reaffirmed a “hold” rating and set a $220.00 price target on shares of Domino’s Pizza in a research report on Friday, October 13th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Domino’s Pizza presently has an average rating of “Hold” and an average price target of $208.90.
Shares of Domino’s Pizza Inc (DPZ) traded up $1.18 on Friday, reaching $178.65. The company’s stock had a trading volume of 1,107,591 shares, compared to its average volume of 934,849. The company has a current ratio of 1.49, a quick ratio of 1.39 and a debt-to-equity ratio of -1.13. Domino’s Pizza Inc has a 1-year low of $156.26 and a 1-year high of $221.58. The stock has a market cap of $7,810.00, a P/E ratio of 32.96, a price-to-earnings-growth ratio of 1.81 and a beta of 0.37.
Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 12th. The restaurant operator reported $1.27 EPS for the quarter, beating the consensus estimate of $1.22 by $0.05. Domino’s Pizza had a negative return on equity of 12.59% and a net margin of 9.47%. The business had revenue of $643.60 million for the quarter, compared to the consensus estimate of $627.85 million. During the same period last year, the business posted $0.96 EPS. The company’s revenue was up 13.6% compared to the same quarter last year. equities analysts expect that Domino’s Pizza Inc will post 5.78 earnings per share for the current fiscal year.
Domino’s Pizza declared that its board has authorized a stock repurchase plan on Wednesday, August 2nd that permits the company to buyback $1.25 billion in outstanding shares. This buyback authorization permits the restaurant operator to purchase up to 13.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.84 annualized dividend and a yield of 1.03%. Domino’s Pizza’s dividend payout ratio is 35.05%.
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In other news, insider Russell J. Weiner sold 7,276 shares of the stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $195.00, for a total transaction of $1,418,820.00. Following the transaction, the insider now directly owns 17,563 shares of the company’s stock, valued at approximately $3,424,785. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.57% of the company’s stock.
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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