Intech Investment Management LLC Increases Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Intech Investment Management LLC raised its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 2.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,821 shares of the restaurant operator’s stock after purchasing an additional 498 shares during the period. Intech Investment Management LLC owned 0.06% of Domino’s Pizza worth $10,234,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in DPZ. Signaturefd LLC raised its holdings in shares of Domino’s Pizza by 25.2% in the second quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock worth $67,000 after buying an additional 26 shares during the period. Czech National Bank lifted its position in shares of Domino’s Pizza by 0.4% during the first quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock worth $3,049,000 after purchasing an additional 27 shares during the last quarter. Insight Folios Inc boosted its stake in shares of Domino’s Pizza by 3.4% during the first quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock valued at $421,000 after purchasing an additional 28 shares during the period. Portside Wealth Group LLC grew its holdings in shares of Domino’s Pizza by 6.5% in the second quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock worth $235,000 after purchasing an additional 28 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in Domino’s Pizza by 4.6% in the 2nd quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator’s stock worth $342,000 after buying an additional 29 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $414.42 on Friday. Domino’s Pizza, Inc. has a fifty-two week low of $330.05 and a fifty-two week high of $542.75. The firm has a market capitalization of $14.45 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 2.14 and a beta of 0.86. The stock’s 50-day simple moving average is $426.56 and its 200-day simple moving average is $472.62.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.35. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. Domino’s Pizza’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.08 EPS. As a group, equities analysts forecast that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Friday, September 13th. Domino’s Pizza’s payout ratio is 39.43%.

Analysts Set New Price Targets

DPZ has been the subject of several research reports. Loop Capital reissued a “hold” rating and issued a $419.00 price objective on shares of Domino’s Pizza in a research report on Friday. Stephens dropped their price objective on Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. 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 report on Monday, September 16th. Royal Bank of Canada lowered their target price on Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average 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.