Envestnet Asset Management Inc. Acquires 150,526 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Envestnet Asset Management Inc. increased its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 85.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 327,166 shares of the restaurant operator’s stock after acquiring an additional 150,526 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.94% of Domino’s Pizza worth $168,926,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DPZ. Blue Trust Inc. lifted its holdings in Domino’s Pizza by 162.5% during the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 39 shares during the period. Crewe Advisors LLC bought a new stake in shares of Domino’s Pizza in the first quarter valued at $36,000. Versant Capital Management Inc raised its stake in shares of Domino’s Pizza by 654.5% in the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 72 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Domino’s Pizza by 41.8% in the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 33 shares during the period. Finally, ORG Partners LLC bought a new stake in shares of Domino’s Pizza in the second quarter valued at $62,000. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Stock Down 0.8 %

Shares of DPZ stock opened at $402.52 on Monday. The business has a 50-day moving average price of $432.29 and a two-hundred day moving average price of $474.02. Domino’s Pizza, Inc. has a 12-month low of $330.05 and a 12-month high of $542.75. The firm has a market cap of $14.04 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 2.14 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company posted $3.08 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. As a group, research analysts expect that Domino’s Pizza, Inc. will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Friday, September 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Analyst Ratings Changes

Several brokerages have issued reports on DPZ. Stephens lowered their target price on Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Oppenheimer lowered their target price on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday, September 6th. BMO Capital Markets lowered their target price on Domino’s Pizza from $525.00 to $510.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 11th. TD Cowen restated a “buy” rating and issued a $610.00 target price on shares of Domino’s Pizza in a research note on Thursday, July 18th. Finally, Baird R W upgraded Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and an average price target of $512.04.

About Domino’s Pizza

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.