8,999 Shares of Domino's Pizza Inc $DPZ Bought by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments opened a Domino’s Pizza position, buying 8,999 shares valued at approximately $2.7 million; institutional investors collectively own 94.63% of the stock.
• Analysts maintain a “Moderate Buy” consensus and average price target of $380.87, although several firms recently cut their targets to $320. Shares were recently quoted at $334.28.
• Domino’s reported quarterly EPS of $4.60, beating estimates of $4.33, while revenue rose 3.4% year over year to $1.19 billion. The company also announced a quarterly dividend of $1.99 per share.

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 8,999 shares of the restaurant operator's stock, valued at approximately $2,696,000.

Several other hedge funds have also modified their holdings of the stock. Soroban Capital Partners LP acquired a new stake in Domino's Pizza in the first quarter valued at approximately $895,251,000. BlackRock Inc. acquired a new position in shares of Domino's Pizza during the second quarter worth $715,704,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Domino's Pizza by 247.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator's stock valued at $189,171,000 after purchasing an additional 375,709 shares during the period. Van ECK Associates Corp boosted its stake in shares of Domino's Pizza by 937,192.2% in the second quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator's stock valued at $141,513,000 after purchasing an additional 477,968 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Domino's Pizza by 5.2% in the first quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator's stock valued at $160,817,000 after purchasing an additional 22,320 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DPZ has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of Domino's Pizza from $350.00 to $320.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 14th. Robert W. Baird decreased their price objective on shares of Domino's Pizza from $325.00 to $320.00 and set a "neutral" rating for the company in a research report on Wednesday, October 14th. Royal Bank Of Canada lowered their target price on Domino's Pizza from $325.00 to $320.00 and set a "sector perform" rating for the company in a research note on Wednesday, October 14th. Berenberg Bank raised Domino's Pizza to a "strong-buy" rating in a research report on Monday, October 5th. Finally, Benchmark reiterated a "buy" rating on shares of Domino's Pizza in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Domino's Pizza has a consensus rating of "Moderate Buy" and an average price target of $380.87.

Domino's Pizza Trading Down 2.2%

DPZ stock opened at $334.28 on Friday. Domino's Pizza Inc has a twelve month low of $282.00 and a twelve month high of $442.35. The company has a market capitalization of $11.00 billion, a P/E ratio of 18.42, a PEG ratio of 1.54 and a beta of 0.95. The firm has a 50 day simple moving average of $313.29 and a 200-day simple moving average of $341.60.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.33 by $0.27. The business had revenue of $1.19 billion during the quarter. Domino's Pizza had a net margin of 12.03% and a negative return on equity of 15.48%. The firm's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $4.08 EPS. On average, research analysts predict that Domino's Pizza Inc will post 19.10 EPS for the current year.

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be given a $1.99 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.4%. Domino's Pizza's payout ratio is presently 43.86%.

Domino's Pizza Profile

Domino's Pizza, Inc is a global pizza company that operates and franchises restaurants specializing in delivery and carryout. Its menu includes pizzas, chicken wings, sandwiches, pasta, bread sides, desserts and beverages, with offerings varying by location.

The company traces its roots to a pizza shop opened in Ypsilanti, Michigan, in 1960. It adopted the Domino's Pizza name in 1965 and has since grown through a predominantly franchised business model, serving customers in the United States and international markets.

Domino's is headquartered in Ann Arbor, Michigan.

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