Kayne Anderson Rudnick Investment Management LLC Buys 18,030 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 4.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 398,322 shares of the restaurant operator’s stock after buying an additional 18,030 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 1.14% of Domino’s Pizza worth $205,666,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in shares of Domino’s Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 39 shares during the last quarter. Crewe Advisors LLC purchased a new stake in Domino’s Pizza during the first quarter valued at about $36,000. Versant Capital Management Inc boosted its position in Domino’s Pizza by 654.5% during the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 72 shares during the period. Quadrant Capital Group LLC increased 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 worth $46,000 after purchasing an additional 33 shares in the last quarter. Finally, ORG Partners LLC bought a new stake in shares of Domino’s Pizza in the second quarter valued at approximately $62,000. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Up 0.7 %

Shares of NYSE:DPZ opened at $414.42 on Friday. The stock has a market cap of $14.45 billion, a PE ratio of 27.05, a PEG ratio of 2.14 and a beta of 0.86. The company’s fifty day moving average is $425.01 and its 200 day moving average is $472.37. Domino’s Pizza, Inc. has a 52 week low of $330.05 and a 52 week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.08 EPS. Sell-side analysts anticipate that Domino’s Pizza, Inc. will post 16.24 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, September 13th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 39.43%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. BMO Capital Markets cut their price objective on shares of Domino’s Pizza from $525.00 to $510.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. TD Cowen reduced their price target on Domino’s Pizza from $520.00 to $475.00 and set a “buy” rating for the company in a research report on Monday, September 16th. JPMorgan Chase & Co. boosted their price objective on Domino’s Pizza from $450.00 to $470.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Loop Capital restated a “hold” rating and issued a $419.00 target price on shares of Domino’s Pizza in a research note on Friday. Finally, Robert W. Baird decreased their price target on Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $507.93.

Domino’s Pizza Company 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.