Epoch Investment Partners Inc. Has $149.44 Million Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Epoch Investment Partners Inc. reduced its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 5.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 289,431 shares of the restaurant operator’s stock after selling 16,460 shares during the period. Epoch Investment Partners Inc.’s holdings in Domino’s Pizza were worth $149,442,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Coatue Management LLC purchased a new position in shares of Domino’s Pizza during the fourth quarter valued at $322,859,000. Price T Rowe Associates Inc. MD grew its stake in Domino’s Pizza by 107.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after acquiring an additional 230,090 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Domino’s Pizza by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after purchasing an additional 222,949 shares during the period. TD Asset Management Inc lifted its position in shares of Domino’s Pizza by 66.8% in the fourth quarter. TD Asset Management Inc now owns 497,111 shares of the restaurant operator’s stock worth $204,924,000 after purchasing an additional 199,060 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Domino’s Pizza by 85.2% in the second quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock worth $168,926,000 after purchasing an additional 150,526 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on DPZ. Baird R W upgraded shares of Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 8th. Benchmark dropped their price target on shares of Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Oppenheimer reduced their price objective on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a research report on Friday, September 6th. 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. Finally, Robert W. Baird cut their price target on Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $507.93.

Domino’s Pizza Stock Up 0.7 %

DPZ opened at $414.42 on Friday. 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 capitalization of $14.45 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 2.14 and a beta of 0.86. The stock’s 50 day moving average price is $425.01 and its two-hundred day moving average price is $472.53.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data 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. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. Domino’s Pizza’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company posted $3.08 earnings per share. As a group, analysts anticipate that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Friday, September 13th. Domino’s Pizza’s dividend payout ratio is currently 39.43%.

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.