Domino’s Pizza, Inc. (NYSE:DPZ) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC lifted its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 5.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 568 shares of the restaurant operator’s stock after buying an additional 27 shares during the quarter. Summit Trail Advisors LLC’s holdings in Domino’s Pizza were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Blue Trust Inc. grew its holdings in Domino’s Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 39 shares in the last quarter. Crewe Advisors LLC acquired a new position in Domino’s Pizza in the first quarter worth about $36,000. Versant Capital Management Inc increased its holdings in Domino’s Pizza by 654.5% in the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 72 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Domino’s Pizza by 41.8% during the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 33 shares in the last quarter. Finally, ORG Partners LLC bought a new position in Domino’s Pizza during the 2nd quarter worth approximately $62,000. Institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on DPZ. BMO Capital Markets dropped their price target on Domino’s Pizza from $525.00 to $510.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. Benchmark reduced their price target on shares of Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Stephens decreased their price target on shares of Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Robert W. Baird dropped their price objective on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. lifted their target price on Domino’s Pizza from $450.00 to $470.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $507.93.

Domino’s Pizza Price Performance

DPZ opened at $420.72 on Tuesday. The business has a 50 day moving average price of $423.77 and a two-hundred day moving average price of $472.52. The company has a market capitalization of $14.67 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 2.14 and a beta of 0.86. Domino’s Pizza, Inc. has a 1-year low of $330.05 and a 1-year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the business posted $3.08 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Equities analysts expect that Domino’s Pizza, Inc. will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $1.51 dividend. The ex-dividend date is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.44%. Domino’s Pizza’s payout ratio is currently 39.43%.

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.