Blue Trust Inc. Boosts Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Blue Trust Inc. grew its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 162.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63 shares of the restaurant operator’s stock after purchasing an additional 39 shares during the quarter. Blue Trust Inc.’s holdings in Domino’s Pizza were worth $31,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Domino’s Pizza by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after purchasing an additional 222,949 shares in the last quarter. Coatue Management LLC purchased a new stake in Domino’s Pizza in the fourth quarter valued at about $322,859,000. TD Asset Management Inc boosted its holdings in Domino’s Pizza by 27.8% in the first quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock worth $315,685,000 after acquiring an additional 138,224 shares in the last quarter. Norges Bank acquired a new stake in Domino’s Pizza in the fourth quarter worth about $208,604,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Domino’s Pizza by 107.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after acquiring an additional 230,090 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. TD Securities reiterated a “buy” rating and issued a $580.00 target price on shares of Domino’s Pizza in a research note on Thursday, May 16th. Citigroup lifted their price objective on shares of Domino’s Pizza from $505.00 to $530.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Loop Capital cut their target price on Domino’s Pizza from $507.00 to $419.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. BMO Capital Markets lowered their price target on Domino’s Pizza from $575.00 to $525.00 and set an “outperform” rating for the company in a research report on Friday, July 19th. Finally, Wells Fargo & Company boosted their price target on Domino’s Pizza from $475.00 to $525.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, nine have issued 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $517.39.

Domino’s Pizza Trading Up 2.2 %

Shares of DPZ opened at $425.28 on Friday. The firm has a market cap of $14.83 billion, a P/E ratio of 27.76, a PEG ratio of 2.24 and a beta of 0.87. Domino’s Pizza, Inc. has a 12 month low of $330.05 and a 12 month high of $542.75. The stock’s 50 day moving average is $463.59 and its two-hundred day moving average is $475.12.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.35. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.08 EPS. Equities research analysts forecast that Domino’s Pizza, Inc. will post 16.19 EPS for the current year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a dividend of $1.51 per share. The ex-dividend date is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.42%. Domino’s Pizza’s dividend payout ratio is currently 39.43%.

Domino’s Pizza 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.