Algert Global LLC Takes $362,000 Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Algert Global LLC bought a new position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 701 shares of the restaurant operator’s stock, valued at approximately $362,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Signaturefd LLC raised its stake 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 purchasing an additional 26 shares during the last quarter. Czech National Bank raised its position in Domino’s Pizza by 0.4% in the 1st quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock valued at $3,049,000 after buying an additional 27 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in Domino’s Pizza by 5.0% during the 2nd quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock valued at $293,000 after acquiring an additional 27 shares in the last quarter. Insight Folios Inc grew its stake in shares of Domino’s Pizza by 3.4% in the 1st quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock worth $421,000 after acquiring an additional 28 shares in the last quarter. Finally, Portside Wealth Group LLC raised 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 valued at $235,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DPZ shares. Benchmark cut 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 report on Monday, July 22nd. Barclays reduced their target price on Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating for the company in a report on Friday, July 19th. Loop Capital reiterated a “hold” rating and set a $419.00 price target on shares of Domino’s Pizza in a report on Friday, September 20th. JPMorgan Chase & Co. boosted their price objective on Domino’s Pizza from $450.00 to $470.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Guggenheim decreased their target price on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a research report on Thursday, September 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus price target of $504.03.

Domino’s Pizza Trading Up 0.3 %

Domino’s Pizza stock opened at $411.21 on Wednesday. The firm’s 50 day simple moving average is $422.29 and its 200 day simple moving average is $470.64. Domino’s Pizza, Inc. has a 1-year low of $332.13 and a 1-year high of $542.75. The firm has a market capitalization of $14.34 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 2.21 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data 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 the consensus estimate of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.08 earnings per share. Research analysts forecast that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $1.51 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.47%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Domino’s Pizza Company 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.