Kayne Anderson Rudnick Investment Management LLC Buys 8,055 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Kayne Anderson Rudnick Investment Management LLC boosted its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 34.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,408 shares of the restaurant operator’s stock after purchasing an additional 8,055 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.08% of Domino’s Pizza worth $8,740,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Scholtz & Company LLC bought a new stake in shares of Domino’s Pizza during the 2nd quarter valued at about $2,812,000. UBS Group AG boosted its position in shares of Domino’s Pizza by 21.6% during the 2nd quarter. UBS Group AG now owns 95,696 shares of the restaurant operator’s stock valued at $26,630,000 after acquiring an additional 17,005 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Domino’s Pizza by 6.4% during the 2nd quarter. California Public Employees Retirement System now owns 239,884 shares of the restaurant operator’s stock valued at $66,755,000 after acquiring an additional 14,458 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Domino’s Pizza by 56.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 2,934 shares of the restaurant operator’s stock valued at $816,000 after acquiring an additional 1,054 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of Domino’s Pizza during the 2nd quarter valued at about $2,600,000. Institutional investors and hedge funds own 94.96% of the company’s stock.

Domino’s Pizza stock traded down $0.63 during trading hours on Tuesday, reaching $243.96. The company had a trading volume of 163,575 shares, compared to its average volume of 781,984. The company has a 50-day moving average price of $237.38 and a 200 day moving average price of $259.65. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 1.73 and a beta of 0.49. Domino’s Pizza, Inc. has a 12-month low of $220.90 and a 12-month high of $302.05.

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

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.65 dividend. The ex-dividend date was Thursday, September 12th. This represents a $2.60 dividend on an annualized basis and a yield of 1.07%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 30.88%.

A number of analysts have recently issued reports on DPZ shares. Stifel Nicolaus set a $300.00 price target on Domino’s Pizza and gave the company a “buy” rating in a research report on Tuesday, September 3rd. MKM Partners assumed coverage on Domino’s Pizza in a research report on Tuesday, August 13th. They set a “neutral” rating and a $265.00 price target for the company. Guggenheim decreased their price objective on Domino’s Pizza from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Citigroup raised their price objective on Domino’s Pizza from $282.00 to $298.00 and gave the company a “neutral” rating in a report on Thursday, June 6th. Finally, Argus decreased their price objective on Domino’s Pizza from $310.00 to $280.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $287.54.

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 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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