Domino’s Pizza Inc $DPZ Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 86.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,340 shares of the restaurant operator’s stock after acquiring an additional 28,958 shares during the quarter. Russell Investments Group Ltd.’s holdings in Domino’s Pizza were worth $28,088,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. acquired a new position in shares of Domino’s Pizza during the first quarter valued at about $110,348,000. Invesco Ltd. boosted its stake in Domino’s Pizza by 32.9% in the 1st quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator’s stock worth $371,997,000 after purchasing an additional 200,622 shares in the last quarter. Sterling Capital Management LLC grew its position in Domino’s Pizza by 2,076.8% during the 2nd quarter. Sterling Capital Management LLC now owns 180,084 shares of the restaurant operator’s stock worth $81,146,000 after purchasing an additional 171,811 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Domino’s Pizza by 27.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 511,206 shares of the restaurant operator’s stock valued at $230,349,000 after purchasing an additional 108,794 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Domino’s Pizza in the first quarter worth $45,344,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. TD Cowen reaffirmed a “buy” rating and set a $510.00 price target on shares of Domino’s Pizza in a research report on Tuesday, October 14th. Weiss Ratings downgraded Domino’s Pizza from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Barclays reduced their price objective on Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating for the company in a research note on Wednesday, October 8th. Finally, BTIG Research reiterated a “buy” rating and issued a $530.00 target price on shares of Domino’s Pizza in a research report on Friday, November 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $490.40.

Domino’s Pizza Stock Up 1.0%

Shares of DPZ stock opened at $419.76 on Friday. Domino’s Pizza Inc has a 52-week low of $392.89 and a 52-week high of $500.55. The stock has a market cap of $14.18 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 2.15 and a beta of 1.09. The business has a 50-day simple moving average of $414.19 and a 200-day simple moving average of $444.46.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, topping the consensus estimate of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company earned $4.19 earnings per share. Domino’s Pizza’s revenue for the quarter was up 6.2% compared to the same quarter last year. Sell-side analysts anticipate that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, December 15th. Domino’s Pizza’s payout ratio is 40.68%.

Domino’s Pizza Profile

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.