Nippon Life Global Investors Americas Inc. Invests $2.02 Million in Domino’s Pizza, Inc. (NYSE:DPZ)

Nippon Life Global Investors Americas Inc. purchased a new position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,260 shares of the restaurant operator’s stock, valued at approximately $2,020,000.

Several other institutional investors have also bought and sold shares of DPZ. Dimensional Fund Advisors LP increased its holdings in Domino’s Pizza by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 165,897 shares of the restaurant operator’s stock valued at $41,148,000 after acquiring an additional 3,325 shares in the last quarter. Geode Capital Management LLC increased its holdings in Domino’s Pizza by 7.0% during the 4th quarter. Geode Capital Management LLC now owns 417,832 shares of the restaurant operator’s stock valued at $103,553,000 after acquiring an additional 27,160 shares in the last quarter. First Allied Advisory Services Inc. purchased a new stake in shares of Domino’s Pizza during the fourth quarter worth about $235,000. Macquarie Group Ltd. grew its holdings in shares of Domino’s Pizza by 405.7% during the fourth quarter. Macquarie Group Ltd. now owns 5,983 shares of the restaurant operator’s stock worth $1,484,000 after buying an additional 4,800 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Domino’s Pizza by 67.0% during the fourth quarter. Millennium Management LLC now owns 16,703 shares of the restaurant operator’s stock worth $4,142,000 after buying an additional 6,699 shares in the last quarter. 96.82% of the stock is owned by institutional investors.

Shares of DPZ traded down $1.08 during mid-day trading on Friday, hitting $244.75. The company had a trading volume of 537,711 shares, compared to its average volume of 1,265,711. The business has a 50-day moving average of $269.80. Domino’s Pizza, Inc. has a 1-year low of $231.28 and a 1-year high of $305.34. The company has a market cap of $10.09 billion, a PE ratio of 29.07, a PEG ratio of 1.75 and a beta of 0.46.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Tuesday, July 16th. The restaurant operator reported $2.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.19. Domino’s Pizza had a net margin of 10.83% and a negative return on equity of 12.81%. The business had revenue of $811.65 million for the quarter, compared to analysts’ expectations of $834.87 million. During the same period last year, the company earned $1.84 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Research analysts expect that Domino’s Pizza, Inc. will post 9.43 earnings per share for the current year.

In related news, CEO Richard E. Allison, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $279.19, for a total value of $2,791,900.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.62% of the stock is currently owned by company insiders.

A number of brokerages have recently commented on DPZ. Credit Suisse Group lowered their price target on shares of Domino’s Pizza from $320.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Citigroup lifted their price target on shares of Domino’s Pizza from $282.00 to $298.00 and gave the stock a “neutral” rating in a report on Thursday, June 6th. Argus lowered their price target on shares of Domino’s Pizza from $310.00 to $280.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. TheStreet upgraded shares of Domino’s Pizza from a “c+” rating to a “b-” rating in a report on Tuesday, June 4th. Finally, Mizuho lowered their price target on shares of Domino’s Pizza from $320.00 to $305.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $294.11.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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