Domino’s Pizza, Inc. (NYSE:DPZ) Stock Holdings Raised by Convergence Investment Partners LLC

Convergence Investment Partners LLC raised its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 16.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,756 shares of the restaurant operator’s stock after purchasing an additional 242 shares during the period. Convergence Investment Partners LLC’s holdings in Domino’s Pizza were worth $649,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DPZ. Valeo Financial Advisors LLC grew its stake in shares of Domino’s Pizza by 118.9% in the second quarter. Valeo Financial Advisors LLC now owns 81 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 44 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Domino’s Pizza by 49.5% during the first quarter. Parallel Advisors LLC now owns 148 shares of the restaurant operator’s stock valued at $47,000 after purchasing an additional 49 shares in the last quarter. Allred Capital Management LLC boosted its position in shares of Domino’s Pizza by 26.6% during the first quarter. Allred Capital Management LLC now owns 157 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 33 shares in the last quarter. Atticus Wealth Management LLC bought a new stake in Domino’s Pizza in the first quarter worth $64,000. Finally, James Investment Research Inc. bought a new stake in Domino’s Pizza in the second quarter worth $73,000. Institutional investors and hedge funds own 90.62% of the company’s stock.

DPZ traded up $2.08 during trading on Friday, hitting $386.61. 640,228 shares of the stock were exchanged, compared to its average volume of 705,128. The firm has a 50 day simple moving average of $383.38 and a 200 day simple moving average of $347.48. The firm has a market cap of $15.12 billion, a price-to-earnings ratio of 34.40, a P/E/G ratio of 2.22 and a beta of 0.37. Domino’s Pizza, Inc. has a 1 year low of $220.90 and a 1 year high of $422.15.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, July 16th. The restaurant operator reported $2.99 EPS for the quarter, topping the consensus estimate of $2.25 by $0.74. The company had revenue of $920.00 million for the quarter, compared to the consensus estimate of $913.62 million. Domino’s Pizza had a negative return on equity of 14.01% and a net margin of 12.11%. Domino’s Pizza’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the business posted $2.19 EPS. As a group, equities analysts forecast that Domino’s Pizza, Inc. will post 12.54 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.78 per share. The ex-dividend date is Monday, September 14th. This represents a $3.12 annualized dividend and a yield of 0.81%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 32.60%.

Several research firms have recently weighed in on DPZ. Robert W. Baird boosted their price target on Domino’s Pizza from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Royal Bank of Canada boosted their price target on Domino’s Pizza from $415.00 to $430.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Morgan Stanley boosted their price target on Domino’s Pizza from $405.00 to $422.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Barclays boosted their price target on Domino’s Pizza from $345.00 to $390.00 in a research note on Friday, July 17th. Finally, Jefferies Financial Group boosted their price target on Domino’s Pizza from $385.00 to $405.00 and gave the stock a “hold” rating in a research note on Friday, July 17th. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $402.86.

In other Domino’s Pizza news, COO Russell J. Weiner sold 5,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $385.00, for a total transaction of $1,925,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Russell J. Weiner sold 4,943 shares of the stock in a transaction on Friday, July 10th. The shares were sold at an average price of $395.00, for a total value of $1,952,485.00. Following the sale, the chief operating officer now directly owns 28,850 shares in the company, valued at approximately $11,395,750. The disclosure for this sale can be found here. Insiders have sold a total of 21,200 shares of company stock worth $8,448,135 in the last ninety days. Insiders own 1.74% of the company’s stock.

Domino’s Pizza Company Profile

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

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

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