Franklin Resources Inc. lifted its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,186 shares of the restaurant operator’s stock after buying an additional 7,257 shares during the period. Franklin Resources Inc. owned approximately 0.44% of Domino’s Pizza worth $54,298,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in DPZ. Massachusetts Financial Services Co. MA boosted its stake in shares of Domino’s Pizza by 3.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 53,832 shares of the restaurant operator’s stock worth $15,189,000 after buying an additional 1,760 shares during the period. Aperio Group LLC boosted its stake in shares of Domino’s Pizza by 3.5% during the second quarter. Aperio Group LLC now owns 22,164 shares of the restaurant operator’s stock worth $6,254,000 after buying an additional 749 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Domino’s Pizza by 58.7% during the second quarter. Commonwealth Equity Services LLC now owns 5,217 shares of the restaurant operator’s stock worth $1,472,000 after buying an additional 1,929 shares during the period. Smith Asset Management Group LP boosted its stake in shares of Domino’s Pizza by 3.5% during the second quarter. Smith Asset Management Group LP now owns 133,324 shares of the restaurant operator’s stock worth $37,620,000 after buying an additional 4,450 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Domino’s Pizza during the second quarter worth about $2,173,000. Institutional investors and hedge funds own 90.51% of the company’s stock.
In other Domino’s Pizza news, CEO Richard E. Allison, Jr. sold 5,000 shares of the stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $279.31, for a total value of $1,396,550.00. Following the completion of the transaction, the chief executive officer now directly owns 44,864 shares of the company’s stock, valued at $12,530,963.84. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.97% of the company’s stock.
Shares of NYSE:DPZ opened at $258.32 on Friday. The stock has a market capitalization of $11.08 billion, a P/E ratio of 34.46, a PEG ratio of 1.84 and a beta of 0.41. Domino’s Pizza, Inc. has a 52 week low of $177.24 and a 52 week high of $305.34.
Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Tuesday, October 16th. The restaurant operator reported $1.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.20. Domino’s Pizza had a net margin of 10.60% and a negative return on equity of 11.92%. The company had revenue of $786.00 million during the quarter, compared to analysts’ expectations of $789.10 million. During the same period last year, the company posted $1.27 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. Equities analysts forecast that Domino’s Pizza, Inc. will post 8.44 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $2.20 dividend on an annualized basis and a yield of 0.85%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.20%.
DPZ has been the subject of several recent research reports. Mizuho set a $300.00 target price on shares of Domino’s Pizza and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Maxim Group upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and increased their target price for the stock from $305.00 to $310.00 in a research note on Wednesday, October 17th. Zacks Investment Research upgraded shares of Domino’s Pizza from a “sell” rating to a “hold” rating in a research report on Wednesday, October 3rd. UBS Group restated a “hold” rating on shares of Domino’s Pizza in a research report on Wednesday, November 7th. Finally, Wells Fargo & Co raised their price objective on shares of Domino’s Pizza from $255.00 to $260.00 and gave the company a “market perform” rating in a research report on Monday, October 8th. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $277.00.
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Domino’s Pizza Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
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