Impax Asset Management Group plc Invests $633,000 in Domino's Pizza Inc (NASDAQ:DPZ)

Impax Asset Management Group plc acquired a new stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,378 shares of the restaurant operator's stock, valued at approximately $633,000.

A number of other hedge funds have also recently bought and sold shares of the company. Berkshire Hathaway Inc increased its stake in Domino's Pizza by 86.5% in the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock worth $999,868,000 after purchasing an additional 1,104,744 shares in the last quarter. Principal Financial Group Inc. increased its stake in Domino's Pizza by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator's stock worth $799,897,000 after purchasing an additional 53,124 shares in the last quarter. Geode Capital Management LLC increased its stake in Domino's Pizza by 10.7% in the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock worth $403,203,000 after purchasing an additional 92,389 shares in the last quarter. Invesco Ltd. increased its stake in Domino's Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after purchasing an additional 191,752 shares in the last quarter. Finally, Norges Bank acquired a new stake in Domino's Pizza during the 4th quarter worth about $250,571,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DPZ shares. Stephens restated an "equal weight" rating and set a $440.00 price objective on shares of Domino's Pizza in a research report on Wednesday, April 2nd. Benchmark raised their price objective on Domino's Pizza from $520.00 to $535.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Morgan Stanley raised their price objective on Domino's Pizza from $492.00 to $510.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 29th. Guggenheim restated a "neutral" rating on shares of Domino's Pizza in a research report on Thursday, May 15th. Finally, Citigroup raised their price objective on Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Domino's Pizza currently has an average rating of "Moderate Buy" and an average target price of $487.17.

Domino's Pizza Stock Up 0.2%

NASDAQ DPZ traded up $1.04 during trading on Monday, hitting $453.22. The company's stock had a trading volume of 512,184 shares, compared to its average volume of 642,352. The firm has a 50 day moving average price of $469.77 and a 200 day moving average price of $458.08. The firm has a market cap of $15.52 billion, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 2.57 and a beta of 1.09. Domino's Pizza Inc has a 52 week low of $396.06 and a 52 week high of $509.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping the consensus estimate of $4.12 by $0.21. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The company's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $3.58 EPS. On average, equities analysts expect that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $1.74 dividend. The ex-dividend date was Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.54%. Domino's Pizza's payout ratio is 39.91%.

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.