Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 1,742 Domino’s Pizza Inc $DPZ

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Domino’s Pizza Inc (NASDAQ:DPZ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,742 shares of the restaurant operator’s stock, valued at approximately $785,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. acquired a new position in Domino’s Pizza in the 1st quarter valued at about $110,348,000. Invesco Ltd. boosted its holdings in shares of Domino’s Pizza by 32.9% during the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator’s stock worth $371,997,000 after acquiring an additional 200,622 shares during the period. Bristol Gate Capital Partners Inc. acquired a new position in shares of Domino’s Pizza in the first quarter valued at approximately $92,085,000. Sterling Capital Management LLC increased its stake in shares of Domino’s Pizza by 2,076.8% during the second quarter. Sterling Capital Management LLC now owns 180,084 shares of the restaurant operator’s stock worth $81,146,000 after purchasing an additional 171,811 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Domino’s Pizza by 27.0% during the second quarter. Envestnet Asset Management Inc. now owns 511,206 shares of the restaurant operator’s stock worth $230,349,000 after purchasing an additional 108,794 shares during the period. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Down 0.3%

Shares of Domino’s Pizza stock opened at $403.34 on Wednesday. Domino’s Pizza Inc has a 12-month low of $392.89 and a 12-month high of $500.55. The company has a market capitalization of $13.63 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 2.15 and a beta of 1.09. The firm’s 50-day moving average price is $419.65 and its two-hundred day moving average price is $448.16.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, beating the consensus estimate of $3.96 by $0.12. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.19 EPS. On average, sell-side analysts expect that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be paid a dividend of $1.74 per share. The ex-dividend date is Monday, December 15th. This represents a $6.96 annualized dividend and a yield of 1.7%. Domino’s Pizza’s dividend payout ratio is presently 40.68%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DPZ. Citigroup reduced their price target on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Barclays reduced their target price on shares of Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating for the company in a research report on Wednesday, October 8th. BTIG Research reaffirmed a “buy” rating and set a $530.00 price target on shares of Domino’s Pizza in a research report on Friday, November 14th. Weiss Ratings downgraded shares of Domino’s Pizza from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Finally, TD Cowen restated a “buy” rating and set a $510.00 target price on shares of Domino’s Pizza in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average target price of $490.32.

Domino’s Pizza 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.