Domino’s Pizza, Inc. (NYSE:DPZ) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lifted its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 58.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,200 shares of the restaurant operator’s stock after acquiring an additional 4,500 shares during the period. Canada Pension Plan Investment Board’s holdings in Domino’s Pizza were worth $6,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $426.54 on Wednesday. The stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 2.14 and a beta of 0.86. The business has a 50-day moving average of $422.50 and a 200 day moving average of $472.39. Domino’s Pizza, Inc. has a 12 month low of $330.05 and a 12 month high of $542.75.

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

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $6.04 annualized dividend and a yield of 1.42%. Domino’s Pizza’s payout ratio is 39.43%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays decreased their target price on shares of Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating for the company in a research note on Friday, July 19th. JPMorgan Chase & Co. raised their target price on Domino’s Pizza from $450.00 to $470.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Oppenheimer reduced their price target on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a report on Friday, September 6th. Royal Bank of Canada lowered their price target on Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Finally, Wedbush restated an “outperform” rating and issued a $575.00 price objective on shares of Domino’s Pizza in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and an average price target of $507.93.

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.