Nuveen LLC Takes $45.34 Million Position in Domino's Pizza Inc (NASDAQ:DPZ)

Key Points

• Nuveen LLC has acquired a new position in Domino's Pizza, purchasing 98,691 shares valued at approximately $45.34 million, representing a 0.29% stake in the company.
• Domino's Pizza reported Q2 earnings per share of $3.81, missing estimates, with revenues of $1.15 billion, reflecting a 4.3% year-over-year growth.
• The company recently announced a quarterly dividend of $1.74 per share, with a yield of 1.5%, to be paid on September 30th to shareholders on record as of September 15th.

Nuveen LLC bought a new position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 98,691 shares of the restaurant operator's stock, valued at approximately $45,344,000. Nuveen LLC owned approximately 0.29% of Domino's Pizza as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Berkshire Hathaway Inc boosted its stake in Domino's Pizza by 86.5% during the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock worth $999,868,000 after acquiring an additional 1,104,744 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Domino's Pizza by 3.1% during the first quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator's stock worth $799,897,000 after acquiring an additional 53,124 shares in the last quarter. Invesco Ltd. boosted its stake in Domino's Pizza by 32.9% during the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock worth $371,997,000 after acquiring an additional 200,622 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Domino's Pizza by 1.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 410,467 shares of the restaurant operator's stock worth $172,298,000 after acquiring an additional 5,762 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Domino's Pizza by 9.0% during the first quarter. Envestnet Asset Management Inc. now owns 402,412 shares of the restaurant operator's stock worth $184,888,000 after acquiring an additional 33,105 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

Domino's Pizza Price Performance

NASDAQ:DPZ opened at $450.59 on Friday. The firm's 50-day moving average price is $458.95 and its 200-day moving average price is $465.02. The company has a market capitalization of $15.30 billion, a PE ratio of 26.17, a P/E/G ratio of 2.47 and a beta of 1.09. Domino's Pizza Inc has a 1-year low of $396.06 and a 1-year high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced 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 firm 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 business's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.03 EPS. Equities analysts anticipate that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The business 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 dividend of $1.74 per share. The ex-dividend date is Monday, September 15th. This represents a $6.96 annualized dividend and a yield of 1.5%. Domino's Pizza's dividend payout ratio is currently 40.42%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Loop Capital increased their target price on shares of Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. TD Securities reaffirmed a "buy" rating and issued a $490.00 price objective on shares of Domino's Pizza in a research note on Monday, April 28th. UBS Group reaffirmed a "buy" rating and issued a $540.00 price objective on shares of Domino's Pizza in a research note on Tuesday, July 22nd. Wells Fargo & Company raised their price objective on shares of Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 22nd. Finally, Benchmark raised their price objective on shares of Domino's Pizza from $535.00 to $540.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Domino's Pizza presently has a consensus rating of "Moderate Buy" and a consensus target price of $489.67.

Domino's Pizza 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.

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