HBK Investments L P raised its position in Domino's Pizza, Inc. (NYSE:DPZ) by 119.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,548 shares of the restaurant operator’s stock after acquiring an additional 63,948 shares during the quarter. HBK Investments L P owned approximately 0.27% of Domino's Pizza worth $22,212,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its position in Domino's Pizza by 2.0% in the 4th quarter. Renaissance Technologies LLC now owns 3,286,400 shares of the restaurant operator’s stock valued at $620,998,000 after acquiring an additional 64,100 shares in the last quarter. Viking Global Investors LP grew its position in Domino's Pizza by 473.7% in the 4th quarter. Viking Global Investors LP now owns 2,058,468 shares of the restaurant operator’s stock valued at $388,968,000 after acquiring an additional 1,699,678 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its position in Domino's Pizza by 64.1% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 783,625 shares of the restaurant operator’s stock valued at $148,073,000 after acquiring an additional 306,003 shares in the last quarter. Janus Henderson Group PLC grew its position in Domino's Pizza by 18.8% in the 3rd quarter. Janus Henderson Group PLC now owns 487,761 shares of the restaurant operator’s stock valued at $96,845,000 after acquiring an additional 77,202 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its position in Domino's Pizza by 7.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 351,550 shares of the restaurant operator’s stock valued at $69,800,000 after acquiring an additional 23,450 shares in the last quarter. 94.20% of the stock is owned by institutional investors.
Several research firms have weighed in on DPZ. Oppenheimer lifted their target price on Domino's Pizza from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Nomura lifted their price objective on Domino's Pizza to $230.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Credit Suisse Group upgraded Domino's Pizza from a “neutral” rating to an “outperform” rating and set a $205.00 price objective for the company in a research note on Thursday, January 4th. They noted that the move was a valuation call. Citigroup lifted their price objective on Domino's Pizza from $217.00 to $232.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Finally, Maxim Group reiterated a “buy” rating and issued a $240.00 price objective on shares of Domino's Pizza in a research note on Friday, December 22nd. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $232.00.
Shares of Domino's Pizza, Inc. (DPZ) opened at $230.26 on Monday. The firm has a market capitalization of $9,905.38, a P/E ratio of 39.36, a P/E/G ratio of 1.91 and a beta of 0.43. Domino's Pizza, Inc. has a 52 week low of $166.74 and a 52 week high of $236.00. The company has a debt-to-equity ratio of -1.14, a quick ratio of 1.36 and a current ratio of 1.46.
Domino's Pizza (NYSE:DPZ) last posted its earnings results on Tuesday, February 20th. The restaurant operator reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.15. The firm had revenue of $891.50 million during the quarter, compared to analysts’ expectations of $904.79 million. Domino's Pizza had a negative return on equity of 12.02% and a net margin of 9.97%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.48 earnings per share. analysts forecast that Domino's Pizza, Inc. will post 7.93 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be paid a dividend of $0.55 per share. This is a boost from Domino's Pizza’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.20 annualized dividend and a yield of 0.96%. Domino's Pizza’s payout ratio is presently 31.45%.
Domino's Pizza announced that its board has authorized a stock repurchase program on Tuesday, February 20th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the restaurant operator to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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Domino's Pizza Profile
Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.
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