Point72 Asia Singapore Pte. Ltd. Invests $268,000 in Domino’s Pizza, Inc. (NYSE:DPZ)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 519 shares of the restaurant operator’s stock, valued at approximately $268,000.

Several other large investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its position in shares of Domino’s Pizza by 0.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,007 shares of the restaurant operator’s stock worth $2,064,000 after buying an additional 39 shares during the last quarter. Bayesian Capital Management LP lifted its holdings in Domino’s Pizza by 701.3% in the first quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator’s stock worth $2,385,000 after acquiring an additional 4,201 shares during the last quarter. Bessemer Group Inc. boosted its stake in Domino’s Pizza by 34.9% in the first quarter. Bessemer Group Inc. now owns 4,950 shares of the restaurant operator’s stock valued at $2,460,000 after acquiring an additional 1,280 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Domino’s Pizza by 107.2% in the first 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 during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Domino’s Pizza by 866.4% during the second quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock valued at $25,737,000 after purchasing an additional 44,688 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Price Performance

NYSE:DPZ opened at $432.35 on Friday. The stock’s 50-day moving average is $422.02 and its two-hundred day moving average is $471.79. The stock has a market cap of $15.12 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 2.21 and a beta of 0.86. Domino’s Pizza, Inc. has a fifty-two week low of $330.05 and a fifty-two week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.35. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.08 EPS. On average, equities research analysts anticipate that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $1.51 per share. The ex-dividend date is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a yield of 1.40%. Domino’s Pizza’s payout ratio is 39.43%.

Analysts Set New Price Targets

DPZ has been the subject of a number of analyst reports. Guggenheim reduced their price objective on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a research report on Thursday. Wedbush restated an “outperform” rating and set a $575.00 price target on shares of Domino’s Pizza in a research report on Monday, July 15th. Stephens cut their price objective on shares of Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Oppenheimer reduced their target price on shares of Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a research note on Friday, September 6th. Finally, 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus target price of $506.28.

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.