Domino’s Pizza Inc $DPZ Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 22.7% in the third quarter, HoldingsChannel.com reports. The fund owned 49,687 shares of the restaurant operator’s stock after purchasing an additional 9,199 shares during the quarter. Victory Capital Management Inc.’s holdings in Domino’s Pizza were worth $21,450,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. grew its holdings in shares of Domino’s Pizza by 1.8% during the third quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock worth $760,939,000 after buying an additional 30,647 shares in the last quarter. Mediolanum International Funds Ltd lifted its stake in shares of Domino’s Pizza by 209.6% during the third quarter. Mediolanum International Funds Ltd now owns 4,155 shares of the restaurant operator’s stock valued at $1,805,000 after buying an additional 2,813 shares during the period. Machina Capital S.A.S. acquired a new stake in Domino’s Pizza during the third quarter worth approximately $1,557,000. Railway Pension Investments Ltd boosted its position in Domino’s Pizza by 304.2% during the third quarter. Railway Pension Investments Ltd now owns 9,700 shares of the restaurant operator’s stock worth $4,188,000 after acquiring an additional 7,300 shares during the last quarter. Finally, Berkshire Hathaway Inc grew its stake in Domino’s Pizza by 0.5% in the 2nd quarter. Berkshire Hathaway Inc now owns 2,633,868 shares of the restaurant operator’s stock worth $1,186,821,000 after acquiring an additional 13,255 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Up 1.8%

Shares of DPZ opened at $415.78 on Tuesday. The firm has a market cap of $13.98 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.76 and a beta of 1.16. The company’s fifty day moving average is $402.05 and its two-hundred day moving average is $417.62. Domino’s Pizza Inc has a fifty-two week low of $370.70 and a fifty-two week high of $499.08.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 EPS for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). The firm had revenue of $1.54 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.The firm’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $4.89 EPS. As a group, equities research analysts anticipate that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be given a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a yield of 1.9%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.74. The ex-dividend date of this dividend is Friday, March 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.61%.

Insider Buying and Selling

In other news, EVP Kelly E. Garcia sold 4,870 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total value of $2,113,872.20. Following the transaction, the executive vice president directly owned 6,744 shares in the company, valued at $2,927,300.64. This trade represents a 41.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.83% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Guggenheim reduced their price target on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. William Blair set a $540.00 price objective on Domino’s Pizza in a research report on Monday, February 23rd. BMO Capital Markets reiterated an “outperform” rating on shares of Domino’s Pizza in a research note on Tuesday, February 24th. Hovde Group set a $460.00 target price on Domino’s Pizza in a research report on Monday, January 5th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $455.00 price target (down from $535.00) on shares of Domino’s Pizza in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Domino’s Pizza currently has an average rating of “Hold” and a consensus target price of $475.71.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.