Central Pacific Bank Trust Division Acquires New Shares in Domino’s Pizza, Inc. (NYSE:DPZ)

Central Pacific Bank Trust Division bought a new position in Domino’s Pizza, Inc. (NYSE:DPZ) in the third quarter, HoldingsChannel reports. The fund bought 70 shares of the restaurant operator’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors have also bought and sold shares of DPZ. Vanguard Group Inc. boosted its stake 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 worth $2,036,544,000 after buying an additional 222,949 shares during the last quarter. Coatue Management LLC bought a new stake in shares of Domino’s Pizza during the 4th quarter valued at about $322,859,000. Marshfield Associates grew its stake in shares of Domino’s Pizza by 0.3% during the 2nd quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock valued at $368,392,000 after purchasing an additional 2,271 shares during the period. TD Asset Management Inc increased its position in shares of Domino’s Pizza by 27.8% during the 1st quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock valued at $315,685,000 after purchasing an additional 138,224 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Domino’s Pizza by 107.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after purchasing an additional 230,090 shares during the period. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Up 1.1 %

Shares of Domino’s Pizza stock traded up $4.42 during trading on Friday, reaching $425.31. The company’s stock had a trading volume of 569,029 shares, compared to its average volume of 598,755. Domino’s Pizza, Inc. has a 1-year low of $330.05 and a 1-year high of $542.75. The company has a 50-day simple moving average of $422.85 and a two-hundred day simple moving average of $471.10. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 2.21 and a beta of 0.86.

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, beating the consensus estimate of $3.68 by $0.35. The firm 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%. 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 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $1.51 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.42%. Domino’s Pizza’s payout ratio is currently 39.43%.

Analysts Set New Price Targets

DPZ has been the subject of several analyst reports. Barclays reduced their price objective on Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating for the company in a research note on Friday, July 19th. Oppenheimer decreased their price objective 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. Wedbush cut their price objective on Domino’s Pizza from $510.00 to $470.00 and set an “outperform” rating for the company in a research note on Friday. Robert W. Baird decreased their target price on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. Finally, Benchmark dropped their price target on shares of 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. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $507.00.

Domino’s Pizza 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.