Baskin Financial Services Inc. Boosts Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Baskin Financial Services Inc. raised its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 2.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 77,318 shares of the restaurant operator’s stock after purchasing an additional 1,531 shares during the period. Domino’s Pizza comprises approximately 2.7% of Baskin Financial Services Inc.’s portfolio, making the stock its 19th biggest holding. Baskin Financial Services Inc.’s holdings in Domino’s Pizza were worth $33,258,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in Domino’s Pizza by 107.2% during 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 last quarter. Vanguard Group Inc. boosted its stake in shares of 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 valued at $2,036,544,000 after acquiring an additional 222,949 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Domino’s Pizza by 85.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock worth $168,926,000 after purchasing an additional 150,526 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Domino’s Pizza in the 2nd quarter valued at about $72,296,000. Finally, TD Asset Management Inc lifted its holdings in Domino’s Pizza by 27.8% in 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 in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Up 0.3 %

NYSE:DPZ traded up $1.32 during trading hours on Wednesday, hitting $428.58. The stock had a trading volume of 106,688 shares, compared to its average volume of 614,205. The company has a market cap of $14.95 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86. The business has a 50 day simple moving average of $421.56 and a two-hundred day simple moving average of $468.34. Domino’s Pizza, Inc. has a 1-year low of $332.13 and a 1-year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the business earned $4.18 EPS. The business’s revenue was up 5.1% on a year-over-year basis. Research analysts expect that Domino’s Pizza, Inc. will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio (DPR) is 39.43%.

Analyst Ratings Changes

A number of brokerages have recently commented on DPZ. Wells Fargo & Company lowered their price target on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating for the company in a report on Friday, October 11th. Citigroup cut their price target on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Jefferies Financial Group decreased their price objective on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Guggenheim dropped their target price on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a research note on Thursday, September 26th. Finally, Oppenheimer reissued an “outperform” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus target price of $489.55.

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.