Envestnet Asset Management Inc. Buys 150,526 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Envestnet Asset Management Inc. increased its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 85.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 327,166 shares of the restaurant operator’s stock after acquiring an additional 150,526 shares during the period. Envestnet Asset Management Inc.’s holdings in Domino’s Pizza were worth $168,926,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Coatue Management LLC bought a new position in Domino’s Pizza during the 4th quarter valued at approximately $322,859,000. Norges Bank bought a new position in Domino’s Pizza during the 4th quarter valued at approximately $208,604,000. Price T Rowe Associates Inc. MD raised its position in Domino’s Pizza by 107.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after purchasing an additional 230,090 shares during the last quarter. Vanguard Group Inc. raised its position in Domino’s Pizza by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after purchasing an additional 222,949 shares during the last quarter. Finally, TD Asset Management Inc raised its position in Domino’s Pizza by 66.8% during the 4th quarter. TD Asset Management Inc now owns 497,111 shares of the restaurant operator’s stock valued at $204,924,000 after purchasing an additional 199,060 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on DPZ. The Goldman Sachs Group began coverage on Domino’s Pizza in a research report on Thursday, June 13th. They set a “buy” rating and a $612.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their price target on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Loop Capital reduced their target price on Domino’s Pizza from $507.00 to $419.00 and set a “hold” rating on the stock in a report on Friday, July 19th. Benchmark reduced their target price on Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Finally, Oppenheimer reduced their target price on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $512.04.

Domino’s Pizza Trading Down 0.8 %

Shares of DPZ opened at $402.52 on Monday. The business’s fifty day simple moving average is $432.29 and its two-hundred day simple moving average is $474.02. Domino’s Pizza, Inc. has a 12 month low of $330.05 and a 12 month high of $542.75. The company has a market cap of $14.04 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 2.14 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, beating the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the business posted $3.08 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. As a group, research analysts forecast that Domino’s Pizza, Inc. will post 16.24 EPS for the current year.

Domino’s Pizza Announces Dividend

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 paid a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $6.04 annualized dividend and a yield of 1.50%. Domino’s Pizza’s dividend payout ratio is 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.