Toronto Dominion Bank Buys 585 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Toronto Dominion Bank boosted its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 4.7% in the 2nd quarter, Holdings Channel reports. The firm owned 13,017 shares of the restaurant operator’s stock after acquiring an additional 585 shares during the quarter. Toronto Dominion Bank’s holdings in Domino’s Pizza were worth $6,721,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Domino’s Pizza by 162.5% in the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after buying an additional 39 shares in the last quarter. Crewe Advisors LLC bought a new stake in Domino’s Pizza during the 1st quarter worth approximately $36,000. Versant Capital Management Inc lifted its stake in Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 72 shares in the last quarter. ORG Partners LLC purchased a new stake in Domino’s Pizza in the 2nd quarter worth approximately $62,000. Finally, Signaturefd LLC boosted its holdings in Domino’s Pizza by 25.2% in the 2nd quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 26 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

DPZ has been the topic of several research analyst reports. Barclays decreased their price target on shares of Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating on the stock in a report on Friday, July 19th. Benchmark dropped their price target on Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Wedbush restated an “outperform” rating and issued a $575.00 price objective on shares of Domino’s Pizza in a research report on Monday, July 15th. Guggenheim dropped their target price on shares of Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Oppenheimer decreased their price target on shares of Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $506.28.

Domino’s Pizza Stock Performance

Shares of NYSE:DPZ opened at $429.03 on Friday. The firm has a market capitalization of $14.96 billion, a P/E ratio of 28.00, a P/E/G ratio of 2.21 and a beta of 0.86. The stock has a 50 day moving average price of $422.52 and a 200-day moving average price of $471.82. 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 posted its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.08 earnings per share. On average, equities analysts forecast that Domino’s Pizza, Inc. will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.41%. The ex-dividend date is Friday, September 13th. Domino’s Pizza’s payout ratio is currently 39.43%.

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.