ING Groep NV Buys Shares of 18,509 Domino's Pizza Inc (NASDAQ:DPZ)

Key Points

• ING Groep NV has acquired a new stake in Domino's Pizza Inc, investing about $8.50 million for 18,509 shares, representing roughly 0.05% of the company.
• Domino's Pizza recently reported earnings of $3.81 per share, missing analysts' expectations, and had revenue of $1.15 billion, slightly surpassing forecasts.
• The company has declared a quarterly dividend of $1.74, with an annualized yield of 1.5%, set to be paid on September 30th to shareholders recorded by September 15th.

ING Groep NV bought a new position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 18,509 shares of the restaurant operator's stock, valued at approximately $8,504,000. ING Groep NV owned 0.05% of Domino's Pizza as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Praxis Investment Management Inc. purchased a new position in shares of Domino's Pizza during the first quarter worth approximately $414,000. Sowell Financial Services LLC purchased a new position in shares of Domino's Pizza during the first quarter worth approximately $282,000. Merit Financial Group LLC raised its stake in shares of Domino's Pizza by 88.5% during the first quarter. Merit Financial Group LLC now owns 1,591 shares of the restaurant operator's stock worth $731,000 after acquiring an additional 747 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Domino's Pizza by 53,740.4% during the first quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock worth $119,480,000 after acquiring an additional 259,566 shares in the last quarter. Finally, Cornerstone Wealth Group LLC raised its stake in shares of Domino's Pizza by 41.0% during the first quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator's stock worth $9,381,000 after acquiring an additional 5,939 shares in the last quarter. Institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Down 0.5%

DPZ traded down $2.38 during trading on Friday, reaching $440.04. The company had a trading volume of 469,064 shares, compared to its average volume of 793,623. The stock has a market cap of $14.94 billion, a P/E ratio of 25.55, a PEG ratio of 2.43 and a beta of 1.09. The business has a 50 day simple moving average of $460.41 and a 200-day simple moving average of $464.82. Domino's Pizza Inc has a 52 week low of $396.06 and a 52 week high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.03 earnings per share. As a group, equities research analysts expect that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $1.74 dividend. The ex-dividend date is Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.6%. Domino's Pizza's dividend payout ratio (DPR) is presently 40.42%.

Analyst Upgrades and Downgrades

DPZ has been the topic of several research reports. Argus reissued a "hold" rating and set a $490.00 price target on shares of Domino's Pizza in a research note on Tuesday, April 29th. Royal Bank Of Canada cut shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from $550.00 to $500.00 in a report on Tuesday, July 29th. Morgan Stanley raised their target price on shares of Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Wells Fargo & Company raised their target price on shares of Domino's Pizza from $465.00 to $490.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 22nd. Finally, UBS Group restated a "buy" rating and issued a $540.00 target price on shares of Domino's Pizza in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Domino's Pizza presently has an average rating of "Moderate Buy" and an average price target of $489.67.

Domino's Pizza Company Profile

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.