Bridges Investment Management Inc. Invests $821,000 in Domino’s Pizza, Inc. (NYSE:DPZ)

Bridges Investment Management Inc. purchased a new position in Domino’s Pizza, Inc. (NYSE:DPZ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,590 shares of the restaurant operator’s stock, valued at approximately $821,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in shares of Domino’s Pizza by 25.2% during 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. Czech National Bank increased its holdings in Domino’s Pizza by 0.4% during the first quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock valued at $3,049,000 after buying an additional 27 shares during the last quarter. Insight Folios Inc raised its position in Domino’s Pizza by 3.4% in the first quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock worth $421,000 after acquiring an additional 28 shares during the period. Portside Wealth Group LLC boosted its stake in shares of Domino’s Pizza by 6.5% during the 2nd quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock worth $235,000 after acquiring an additional 28 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Domino’s Pizza by 4.6% during the 2nd quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator’s stock worth $342,000 after acquiring an additional 29 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Up 0.7 %

Shares of DPZ opened at $414.42 on Friday. The business has a fifty day moving average of $426.56 and a 200 day moving average of $472.62. The company has a market cap of $14.45 billion, a PE ratio of 27.05, a P/E/G ratio of 2.14 and a beta of 0.86. 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 released 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. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the company earned $3.08 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, research analysts anticipate that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on DPZ. Benchmark decreased their target price on Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. 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. Barclays lowered 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. The Goldman Sachs Group started coverage on shares of Domino’s Pizza in a research note on Thursday, June 13th. They issued a “buy” rating and a $612.00 price objective for the company. Finally, TD Cowen lowered their target price on shares of Domino’s Pizza from $520.00 to $475.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average price target of $507.93.

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.