Miracle Mile Advisors LLC Buys Shares of 579 Domino’s Pizza, Inc. (NYSE:DPZ)

Miracle Mile Advisors LLC bought a new stake in Domino’s Pizza, Inc. (NYSE:DPZ) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 579 shares of the restaurant operator’s stock, valued at approximately $249,000.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Domino’s Pizza by 5.8% during the first 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 acquired a new stake in shares of Domino’s Pizza during the fourth quarter worth about $322,859,000. Marshfield Associates lifted its position in shares of Domino’s Pizza by 0.3% during the second quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock worth $368,392,000 after purchasing an additional 2,271 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Domino’s Pizza by 27.8% during the first quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock worth $315,685,000 after purchasing an additional 138,224 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position 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 purchasing an additional 230,090 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Trading Up 0.4 %

DPZ stock opened at $412.89 on Thursday. The company has a market capitalization of $14.40 billion, a P/E ratio of 26.95, a PEG ratio of 2.21 and a beta of 0.86. Domino’s Pizza, Inc. has a twelve month low of $332.13 and a twelve month high of $542.75. The business has a 50 day simple moving average of $421.97 and a 200-day simple moving average of $470.24.

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

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Friday, September 13th. Domino’s Pizza’s dividend payout ratio is presently 39.43%.

Wall Street Analysts Forecast Growth

DPZ has been the topic of several research reports. Stephens reduced their price target on shares of Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Evercore ISI cut their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a research note on Monday. Oppenheimer cut their target price on shares of Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday, September 6th. Finally, Baird R W upgraded shares of Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 8th. 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 data from MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average target price of $504.03.

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.