M&T Bank Corp Buys 990 Shares of Domino's Pizza Inc (NASDAQ:DPZ)

M&T Bank Corp increased its position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 31.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,162 shares of the restaurant operator's stock after buying an additional 990 shares during the period. M&T Bank Corp's holdings in Domino's Pizza were worth $1,912,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DPZ. Praxis Investment Management Inc. purchased a new stake in Domino's Pizza in the 1st quarter worth $414,000. Sowell Financial Services LLC purchased a new stake in Domino's Pizza in the 1st quarter worth $282,000. Merit Financial Group LLC lifted its stake in Domino's Pizza by 88.5% in the 1st quarter. Merit Financial Group LLC now owns 1,591 shares of the restaurant operator's stock worth $731,000 after purchasing an additional 747 shares in the last quarter. Fiduciary Group LLC lifted its stake in Domino's Pizza by 49.2% in the 4th quarter. Fiduciary Group LLC now owns 3,760 shares of the restaurant operator's stock worth $1,578,000 after purchasing an additional 1,240 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Domino's Pizza by 53,740.4% in the 1st quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock worth $119,480,000 after purchasing an additional 259,566 shares in the last quarter. Institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Down 1.2%

Domino's Pizza stock traded down $5.44 during midday trading on Friday, reaching $464.48. The stock had a trading volume of 421,654 shares, compared to its average volume of 640,638. Domino's Pizza Inc has a 52-week low of $396.06 and a 52-week high of $500.55. The firm has a market cap of $15.90 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. The company has a fifty day moving average of $467.18 and a 200 day moving average of $459.03.

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

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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 yield of 1.50%. Domino's Pizza's dividend payout ratio is currently 39.91%.

Analyst Ratings Changes

Several analysts have commented on DPZ shares. Royal Bank Of Canada boosted their price target on shares of Domino's Pizza from $500.00 to $550.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Barclays decreased their price target on shares of Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. Bank of America boosted their price target on shares of Domino's Pizza from $520.00 to $549.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Citigroup upped their target price on shares of Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Finally, Loop Capital upped their target price on shares of Domino's Pizza from $555.00 to $564.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $487.33.

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.