Stifel Financial Corp lowered its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 12.6% in the first quarter, HoldingsChannel.com reports. The firm owned 15,954 shares of the restaurant operator’s stock after selling 2,293 shares during the period. Stifel Financial Corp’s holdings in Domino’s Pizza were worth $3,743,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the business. Synovus Financial Corp lifted its holdings in shares of Domino’s Pizza by 23.8% during the fourth quarter. Synovus Financial Corp now owns 1,281 shares of the restaurant operator’s stock worth $241,000 after buying an additional 246 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Domino’s Pizza by 41.8% during the fourth quarter. Toronto Dominion Bank now owns 2,879 shares of the restaurant operator’s stock worth $544,000 after buying an additional 848 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Domino’s Pizza by 83.2% during the fourth quarter. William Blair Investment Management LLC now owns 1,573,333 shares of the restaurant operator’s stock worth $297,297,000 after buying an additional 714,414 shares during the last quarter. Waratah Capital Advisors Ltd. acquired a new position in shares of Domino’s Pizza during the fourth quarter worth approximately $1,591,000. Finally, Bank of Hawaii lifted its holdings in shares of Domino’s Pizza by 34.3% during the fourth quarter. Bank of Hawaii now owns 4,290 shares of the restaurant operator’s stock worth $811,000 after buying an additional 1,095 shares during the last quarter. 98.23% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on DPZ. Stephens restated an “overweight” rating and issued a $245.00 target price (up from $220.00) on shares of Domino’s Pizza in a research note on Tuesday, February 20th. They noted that the move was a valuation call. Sanford C. Bernstein restated a “market perform” rating and issued a $230.00 target price (up from $200.00) on shares of Domino’s Pizza in a research note on Wednesday, February 21st. Credit Suisse Group restated an “outperform” rating and issued a $245.00 target price (up from $235.00) on shares of Domino’s Pizza in a research note on Wednesday, February 21st. Bank of America set a $245.00 target price on Domino’s Pizza and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, Citigroup upped their target price on Domino’s Pizza from $217.00 to $232.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Domino’s Pizza has a consensus rating of “Buy” and an average price target of $256.57.

Domino’s Pizza stock opened at $277.34 on Monday. Domino’s Pizza, Inc. has a 12-month low of $166.74 and a 12-month high of $277.36. The company has a current ratio of 1.39, a quick ratio of 1.29 and a debt-to-equity ratio of -1.12. The stock has a market capitalization of $11.73 billion, a P/E ratio of 51.94, a PEG ratio of 1.74 and a beta of 0.35.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, April 26th. The restaurant operator reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.23. The business had revenue of $785.40 million during the quarter, compared to analysts’ expectations of $688.15 million. Domino’s Pizza had a net margin of 10.32% and a negative return on equity of 11.97%. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 EPS. equities analysts predict that Domino’s Pizza, Inc. will post 8.29 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, June 14th. Domino’s Pizza’s dividend payout ratio is currently 41.20%.

Domino’s Pizza announced that its Board of Directors has authorized a share buyback program on Tuesday, February 20th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the restaurant operator to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

In related news, insider J Patrick Doyle sold 20,842 shares of the stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $264.42, for a total transaction of $5,511,041.64. Following the completion of the sale, the insider now owns 24,670 shares in the company, valued at approximately $6,523,241.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.97% of the stock is owned by corporate insiders.

Domino’s Pizza Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.

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Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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