Domino’s Pizza Inc $DPZ Stake Raised by Absoluto Partners Gestao de Recursos Ltda

Absoluto Partners Gestao de Recursos Ltda grew its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 53.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,041 shares of the restaurant operator’s stock after buying an additional 1,399 shares during the period. Domino’s Pizza accounts for about 1.1% of Absoluto Partners Gestao de Recursos Ltda’s investment portfolio, making the stock its 19th biggest holding. Absoluto Partners Gestao de Recursos Ltda’s holdings in Domino’s Pizza were worth $1,821,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Financial Advisors Network Inc. raised its stake in Domino’s Pizza by 4.8% during the 2nd quarter. Financial Advisors Network Inc. now owns 10,243 shares of the restaurant operator’s stock valued at $4,615,000 after acquiring an additional 468 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Domino’s Pizza by 24.2% in the second quarter. Raymond James Financial Inc. now owns 109,064 shares of the restaurant operator’s stock worth $49,144,000 after purchasing an additional 21,241 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new position in shares of Domino’s Pizza during the second quarter valued at $1,229,000. Quantinno Capital Management LP increased its holdings in shares of Domino’s Pizza by 9.4% during the second quarter. Quantinno Capital Management LP now owns 26,406 shares of the restaurant operator’s stock valued at $11,899,000 after purchasing an additional 2,261 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in shares of Domino’s Pizza during the second quarter valued at about $286,000. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Stock Down 0.4%

DPZ opened at $431.73 on Friday. The firm has a market cap of $14.59 billion, a PE ratio of 25.23, a P/E/G ratio of 2.29 and a beta of 1.14. The business has a fifty day simple moving average of $413.36 and a 200-day simple moving average of $440.44. Domino’s Pizza Inc has a fifty-two week low of $392.89 and a fifty-two week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the firm earned $4.19 earnings per share. Domino’s Pizza’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities research analysts anticipate that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be issued a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, December 15th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 40.68%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DPZ shares. Guggenheim increased their target price on shares of Domino’s Pizza from $485.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research note on Tuesday, December 2nd. Mizuho upgraded shares of Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, October 28th. Morgan Stanley raised their price objective on shares of Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings downgraded Domino’s Pizza from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $490.40.

About Domino’s Pizza

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.