Domino’s Pizza Inc (DPZ) Shares Bought by CIBC Asset Management Inc
CIBC Asset Management Inc lifted its holdings in Domino’s Pizza Inc (NYSE:DPZ) by 24.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,979 shares of the restaurant operator’s stock after purchasing an additional 391 shares during the quarter. CIBC Asset Management Inc’s holdings in Domino’s Pizza were worth $393,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Commonwealth Bank of Australia grew its position in shares of Domino’s Pizza by 25.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock valued at $105,000 after purchasing an additional 100 shares during the period. Toronto Dominion Bank grew its position in shares of Domino’s Pizza by 12.2% in the 2nd quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock valued at $125,000 after purchasing an additional 64 shares during the period. Acrospire Investment Management LLC acquired a new position in shares of Domino’s Pizza in the 2nd quarter valued at approximately $127,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Domino’s Pizza by 115.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the restaurant operator’s stock valued at $145,000 after purchasing an additional 368 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Domino’s Pizza in the 2nd quarter valued at approximately $160,000. Institutional investors and hedge funds own 94.20% of the company’s stock.
In related news, insider Russell J. Weiner sold 7,276 shares of the business’s stock in a transaction that occurred 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 can be accessed through this hyperlink. 3.57% of the stock is currently owned by insiders.
Domino’s Pizza Inc (NYSE:DPZ) opened at $178.65 on Monday. The company has a debt-to-equity ratio of -1.13, a quick ratio of 1.39 and a current ratio of 1.49. The firm has a market capitalization of $7,813.10, a P/E ratio of 33.52, a P/E/G ratio of 1.84 and a beta of 0.37. Domino’s Pizza Inc has a 1-year low of $156.26 and a 1-year high of $221.58.
Domino’s Pizza (NYSE:DPZ) last posted its earnings results 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 business had revenue of $643.60 million for the quarter, compared to analyst estimates 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 revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS. analysts anticipate that Domino’s Pizza Inc will post 5.8 earnings per share for the current fiscal year.
Domino’s Pizza declared that its board has authorized a share repurchase program on Wednesday, August 2nd that allows the company to buyback $1.25 billion in outstanding shares. This buyback authorization allows the restaurant operator to repurchase up to 13.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Thursday, December 14th. Domino’s Pizza’s payout ratio is presently 35.11%.
Several equities analysts recently issued reports on DPZ shares. Argus lowered Domino’s Pizza from a “buy” rating to a “hold” rating and boosted their price objective for the company from $145.00 to $183.30 in a research report on Friday, August 25th. Credit Suisse Group boosted their target price on Domino’s Pizza from $200.00 to $205.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Zacks Investment Research cut Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Sanford C. Bernstein restated a “market perform” rating and issued a $215.00 target price on shares of Domino’s Pizza in a research note on Tuesday, July 25th. Finally, Maxim Group upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and boosted their target price for the company from $220.00 to $230.00 in a research note on Thursday, November 2nd. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $208.90.
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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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