Auxier Asset Management Cuts Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Auxier Asset Management cut its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 57.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 600 shares of the restaurant operator’s stock after selling 800 shares during the quarter. Auxier Asset Management’s holdings in Domino’s Pizza were worth $310,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DPZ. Coatue Management LLC purchased a new stake in shares of Domino’s Pizza during the fourth quarter worth approximately $322,859,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Domino’s Pizza by 107.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after buying an additional 230,090 shares in the last quarter. Vanguard Group Inc. boosted its position in Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after acquiring an additional 222,949 shares during the last quarter. TD Asset Management Inc raised its holdings in Domino’s Pizza by 66.8% in the 4th quarter. TD Asset Management Inc now owns 497,111 shares of the restaurant operator’s stock valued at $204,924,000 after acquiring an additional 199,060 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Domino’s Pizza by 85.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock worth $168,926,000 after purchasing an additional 150,526 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Up 0.7 %

Domino’s Pizza stock opened at $414.42 on Friday. Domino’s Pizza, Inc. has a 52-week low of $330.05 and a 52-week high of $542.75. The firm has a market cap of $14.45 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 2.14 and a beta of 0.86. The company’s 50 day moving average is $425.01 and its two-hundred day moving average is $472.37.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm earned $3.08 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, September 13th. Domino’s Pizza’s dividend payout ratio is presently 39.43%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DPZ. TD Cowen reduced their price objective on Domino’s Pizza from $520.00 to $475.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Robert W. Baird lowered their price target on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a research report on Thursday, September 12th. Oppenheimer cut their price objective on shares of Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a research report on Friday, September 6th. Stephens decreased their target price on shares of Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Finally, Royal Bank of Canada dropped their price target on shares of Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $507.93.

About Domino’s Pizza

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.