Janney Montgomery Scott LLC boosted its stake in shares of Domino’s Pizza Inc (NYSE:DPZ) by 70.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,749 shares of the restaurant operator’s stock after buying an additional 3,190 shares during the period. Janney Montgomery Scott LLC’s holdings in Domino’s Pizza were worth $1,639,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the company. ING Groep NV bought a new position in shares of Domino’s Pizza during the second quarter worth approximately $1,237,000. Russell Investments Group Ltd. raised its stake in shares of Domino’s Pizza by 9.4% in the second quarter. Russell Investments Group Ltd. now owns 132,949 shares of the restaurant operator’s stock worth $28,121,000 after buying an additional 11,377 shares in the last quarter. First Citizens Bank & Trust Co. raised its stake in shares of Domino’s Pizza by 25.3% in the second quarter. First Citizens Bank & Trust Co. now owns 3,008 shares of the restaurant operator’s stock worth $636,000 after buying an additional 607 shares in the last quarter. APG Asset Management N.V. raised its stake in shares of Domino’s Pizza by 3.1% in the second quarter. APG Asset Management N.V. now owns 189,200 shares of the restaurant operator’s stock worth $40,021,000 after buying an additional 5,700 shares in the last quarter. Finally, Sapphire Star Partners LP raised its stake in shares of Domino’s Pizza by 25.7% in the second quarter. Sapphire Star Partners LP now owns 1,759 shares of the restaurant operator’s stock worth $372,000 after buying an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 99.37% of the company’s stock.
Domino’s Pizza Inc (DPZ) traded up 0.21% during midday trading on Friday, hitting $188.66. The stock had a trading volume of 1,275,769 shares. The firm has a market cap of $9.10 billion, a P/E ratio of 37.49 and a beta of 0.35. Domino’s Pizza Inc has a 12-month low of $145.00 and a 12-month high of $221.58. The stock has a 50-day moving average price of $199.93 and a 200 day moving average price of $193.99.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.09. The company had revenue of $628.61 million for the quarter, compared to analyst estimates of $609.87 million. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. On average, equities analysts anticipate that Domino’s Pizza Inc will post $5.71 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 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 0.98%. The ex-dividend date is Thursday, September 14th. Domino’s Pizza’s payout ratio is 36.65%.
Domino’s Pizza declared that its board has approved a share repurchase program on Wednesday, August 2nd that allows the company to buyback $1.25 billion in 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 often a sign that the company’s board believes its shares are undervalued.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by BNB Daily and is the sole property of of BNB Daily. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international trademark and copyright laws. The correct version of this news story can be viewed at https://www.baseball-news-blog.com/2017/08/19/dominos-pizza-inc-dpz-shares-bought-by-janney-montgomery-scott-llc-updated.html.
A number of equities research analysts have weighed in on DPZ shares. Zacks Investment Research raised Domino’s Pizza from a “hold” rating to a “buy” rating and set a $217.00 target price for the company in a research report on Thursday, August 10th. BTIG Research reiterated a “buy” rating and issued a $233.00 price target (up from $213.00) on shares of Domino’s Pizza in a report on Thursday, June 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $185.00 price target (up from $180.00) on shares of Domino’s Pizza in a report on Saturday, April 29th. BidaskClub downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $215.00 target price on shares of Domino’s Pizza in a research note on Tuesday, July 25th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $195.38.
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.
Receive News & Ratings for Domino's Pizza Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza Inc and related companies with MarketBeat.com's FREE daily email newsletter.