First Trust Advisors LP Acquires 23,653 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

First Trust Advisors LP grew its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 269.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,432 shares of the restaurant operator’s stock after acquiring an additional 23,653 shares during the quarter. First Trust Advisors LP’s holdings in Domino’s Pizza were worth $7,933,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wells Fargo & Company MN lifted its position in Domino’s Pizza by 78.1% in the 2nd quarter. Wells Fargo & Company MN now owns 858,292 shares of the restaurant operator’s stock worth $238,845,000 after buying an additional 376,248 shares during the last quarter. Invesco Ltd. lifted its position in Domino’s Pizza by 78.0% in the 2nd quarter. Invesco Ltd. now owns 727,307 shares of the restaurant operator’s stock worth $202,395,000 after buying an additional 318,789 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Domino’s Pizza by 47.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 931,724 shares of the restaurant operator’s stock worth $259,280,000 after buying an additional 300,755 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in Domino’s Pizza by 206.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 391,090 shares of the restaurant operator’s stock worth $108,833,000 after buying an additional 263,278 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in Domino’s Pizza in the 2nd quarter worth approximately $55,429,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Shares of Domino’s Pizza stock opened at $284.61 on Tuesday. The business’s 50 day simple moving average is $262.77 and its two-hundred day simple moving average is $261.64. The stock has a market capitalization of $11.51 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 2.03 and a beta of 0.48. Domino’s Pizza, Inc. has a one year low of $220.90 and a one year high of $302.05.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Tuesday, October 8th. The restaurant operator reported $2.05 EPS for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.01). The company had revenue of $820.81 million during the quarter, compared to analysts’ expectations of $827.23 million. Domino’s Pizza had a negative return on equity of 12.92% and a net margin of 10.79%. Domino’s Pizza’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $1.95 earnings per share. As a group, sell-side analysts forecast that Domino’s Pizza, Inc. will post 9.4 earnings per share for the current year.

In other Domino’s Pizza news, Director James A. Goldman sold 2,486 shares of Domino’s Pizza stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $279.98, for a total value of $696,030.28. Following the transaction, the director now directly owns 5,209 shares of the company’s stock, valued at approximately $1,458,415.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.62% of the stock is owned by insiders.

A number of analysts recently weighed in on DPZ shares. Maxim Group boosted their target price on Domino’s Pizza from $280.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Longbow Research set a $320.00 target price on Domino’s Pizza and gave the stock a “buy” rating in a research report on Monday, August 26th. Northcoast Research restated a “neutral” rating on shares of Domino’s Pizza in a research report on Monday, October 7th. Goldman Sachs Group started coverage on Domino’s Pizza in a research report on Monday, July 29th. They issued a “neutral” rating and a $280.00 target price for the company. Finally, Cowen restated an “outperform” rating and issued a $295.00 target price (up previously from $260.00) on shares of Domino’s Pizza in a research report on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $288.68.

Domino’s Pizza 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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