Victory Capital Management Inc. Grows Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Victory Capital Management Inc. lifted its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 343.0% in the second quarter, HoldingsChannel reports. The firm owned 89,859 shares of the restaurant operator’s stock after acquiring an additional 69,577 shares during the quarter. Victory Capital Management Inc.’s holdings in Domino’s Pizza were worth $46,397,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Signaturefd LLC boosted its holdings in Domino’s Pizza by 25.2% in the second quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 26 shares during the period. Czech National Bank boosted its holdings in Domino’s Pizza by 0.4% in the first quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock valued at $3,049,000 after purchasing an additional 27 shares during the period. Insight Folios Inc boosted its holdings in Domino’s Pizza by 3.4% in the first quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock valued at $421,000 after purchasing an additional 28 shares during the period. Portside Wealth Group LLC boosted its holdings in Domino’s Pizza by 6.5% in the second quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock valued at $235,000 after purchasing an additional 28 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in Domino’s Pizza by 4.6% in the second quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator’s stock valued at $342,000 after purchasing an additional 29 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Up 2.9 %

Shares of DPZ stock opened at $420.16 on Tuesday. The stock has a market capitalization of $14.66 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 2.14 and a beta of 0.86. Domino’s Pizza, Inc. has a 52-week low of $330.05 and a 52-week high of $542.75. The stock’s 50-day moving average price is $439.25 and its 200 day moving average price is $475.09.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 negative return on equity of 14.22% and a net margin of 12.42%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.08 EPS. Analysts expect that Domino’s Pizza, Inc. will post 16.25 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.44%. The ex-dividend date is Friday, September 13th. Domino’s Pizza’s payout ratio is 39.43%.

Wall Street Analyst Weigh In

DPZ has been the subject of a number of recent analyst reports. Benchmark decreased their price target on Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating for the company in a report on Monday, July 22nd. The Goldman Sachs Group initiated coverage on Domino’s Pizza in a report on Thursday, June 13th. They set a “buy” rating and a $612.00 price target for the company. Robert W. Baird raised Domino’s Pizza from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $530.00 to $580.00 in a report on Monday, July 8th. JPMorgan Chase & Co. decreased their price target on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating for the company in a report on Friday, July 19th. Finally, Wedbush reaffirmed an “outperform” rating and set a $575.00 price target on shares of Domino’s Pizza in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average price target of $514.18.

Domino’s Pizza Company 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.