Thrivent Financial for Lutherans Boosts Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Thrivent Financial for Lutherans lifted its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 26.0% in the second quarter, Holdings Channel reports. The institutional investor owned 4,441 shares of the restaurant operator’s stock after acquiring an additional 915 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Domino’s Pizza were worth $2,293,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after acquiring an additional 222,949 shares during the last quarter. Coatue Management LLC purchased a new position in shares of Domino’s Pizza during the 4th quarter worth $322,859,000. 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 worth $315,685,000 after purchasing an additional 138,224 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in 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 valued at $221,003,000 after buying an additional 230,090 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in 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 valued at $168,926,000 after buying an additional 150,526 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Up 0.3 %

Shares of NYSE:DPZ opened at $430.13 on Tuesday. The firm has a 50 day simple moving average of $422.81 and a 200-day simple moving average of $471.86. Domino’s Pizza, Inc. has a twelve month low of $330.05 and a twelve month high of $542.75. The company has a market capitalization of $15.00 billion, a PE ratio of 28.08, a P/E/G ratio of 2.21 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, beating 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 earnings per share. Domino’s Pizza’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, equities research analysts predict that Domino’s Pizza, Inc. will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $1.51 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.40%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DPZ shares. The Goldman Sachs Group started coverage on shares of Domino’s Pizza in a research report on Thursday, June 13th. They set a “buy” rating and a $612.00 price target for the company. Wedbush restated an “outperform” rating and set a $575.00 price target on shares of Domino’s Pizza in a research note on Monday, July 15th. JPMorgan Chase & Co. lifted their price objective on Domino’s Pizza from $450.00 to $470.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. BMO Capital Markets decreased their target price on Domino’s Pizza from $525.00 to $510.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 11th. Finally, Oppenheimer lowered their target price on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a report on Friday, September 6th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $506.28.

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.