South Dakota Investment Council Makes New $2.42 Million Investment in Domino’s Pizza, Inc. (NYSE:DPZ)

South Dakota Investment Council acquired a new stake in Domino’s Pizza, Inc. (NYSE:DPZ) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,700 shares of the restaurant operator’s stock, valued at approximately $2,421,000.

Other hedge funds have also recently added to or reduced their stakes in the company. NEXT Financial Group Inc grew its stake in shares of Domino’s Pizza by 85.7% in the second quarter. NEXT Financial Group Inc now owns 130 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 60 shares during the last quarter. Cornerstone Advisors Inc. lifted its holdings in Domino’s Pizza by 36.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 207 shares of the restaurant operator’s stock worth $58,000 after buying an additional 55 shares during the period. Institutional & Family Asset Management LLC purchased a new stake in Domino’s Pizza in the 1st quarter worth approximately $58,000. Advisory Services Network LLC lifted its holdings in Domino’s Pizza by 791.4% in the 2nd quarter. Advisory Services Network LLC now owns 312 shares of the restaurant operator’s stock worth $87,000 after buying an additional 277 shares during the period. Finally, Resources Investment Advisors LLC. bought a new stake in shares of Domino’s Pizza in the 2nd quarter worth approximately $96,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.

NYSE:DPZ traded up $4.76 during mid-day trading on Wednesday, hitting $248.33. 344,639 shares of the company’s stock were exchanged, compared to its average volume of 806,643. Domino’s Pizza, Inc. has a one year low of $220.90 and a one year high of $302.05. The business has a fifty day moving average price of $239.69 and a 200 day moving average price of $260.36. The company has a market cap of $10.09 billion, a PE ratio of 29.49, a P/E/G ratio of 1.72 and a beta of 0.48.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Tuesday, July 16th. The restaurant operator reported $2.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.19. Domino’s Pizza had a net margin of 10.83% and a negative return on equity of 12.81%. The business had revenue of $811.65 million for the quarter, compared to analysts’ expectations of $834.87 million. During the same quarter in the prior year, the company earned $1.84 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. Equities analysts predict that Domino’s Pizza, Inc. will post 9.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.65 dividend. The ex-dividend date is Thursday, September 12th. This represents a $2.60 annualized dividend and a dividend yield of 1.05%. Domino’s Pizza’s payout ratio is currently 30.88%.

Several research firms have recently issued reports on DPZ. Citigroup upped their target price on Domino’s Pizza from $282.00 to $298.00 and gave the company a “neutral” rating in a report on Thursday, June 6th. Mizuho cut their price target on shares of Domino’s Pizza from $320.00 to $305.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Goldman Sachs Group initiated coverage on shares of Domino’s Pizza in a research report on Monday, July 29th. They set a “neutral” rating and a $280.00 price objective on the stock. Credit Suisse Group decreased their price objective on shares of Domino’s Pizza from $320.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Finally, ValuEngine lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $291.43.

About Domino’s Pizza

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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