Emerald Advisers LLC Increases Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

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Emerald Advisers LLC grew its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 17.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,569 shares of the restaurant operator’s stock after purchasing an additional 231 shares during the quarter. Emerald Advisers LLC’s holdings in Domino’s Pizza were worth $437,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Domino’s Pizza by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 417,832 shares of the restaurant operator’s stock valued at $103,553,000 after purchasing an additional 27,160 shares during the period. Millennium Management LLC raised its stake in 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 acquiring an additional 6,699 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Domino’s Pizza by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 165,897 shares of the restaurant operator’s stock worth $41,148,000 after acquiring an additional 3,325 shares in the last quarter. Retirement Systems of Alabama raised its stake in Domino’s Pizza by 67.8% during the first quarter. Retirement Systems of Alabama now owns 90,525 shares of the restaurant operator’s stock worth $23,365,000 after acquiring an additional 36,591 shares in the last quarter. Finally, IFM Investors Pty Ltd raised its stake in Domino’s Pizza by 8.6% during the first quarter. IFM Investors Pty Ltd now owns 2,570 shares of the restaurant operator’s stock worth $663,000 after acquiring an additional 204 shares in the last quarter. 97.17% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE DPZ opened at $237.48 on Thursday. Domino’s Pizza, Inc. has a 52 week low of $231.28 and a 52 week high of $305.34. The business has a 50-day moving average of $261.25. The company has a market cap of $9.90 billion, a P/E ratio of 28.20, a P/E/G ratio of 1.72 and a beta of 0.46.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Tuesday, July 16th. The restaurant operator reported $2.19 EPS for the quarter, topping the consensus estimate of $2.00 by $0.19. Domino’s Pizza had a negative return on equity of 12.81% and a net margin of 10.83%. The business had revenue of $811.65 million during the quarter, compared to the consensus estimate of $834.87 million. During the same quarter last year, the company earned $1.84 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. Sell-side analysts predict that Domino’s Pizza, Inc. will post 9.43 EPS for the current fiscal year.

Several research analysts have commented on DPZ shares. Cowen lowered their target price on Domino’s Pizza from $330.00 to $290.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Stephens lowered their target price on Domino’s Pizza from $325.00 to $300.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. Credit Suisse Group lowered their target price on Domino’s Pizza from $320.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. FIG Partners reissued an “outperform” rating and set a $310.00 target price (up previously from $280.00) on shares of Domino’s Pizza in a research note on Thursday, April 25th. Finally, Zacks Investment Research downgraded Domino’s Pizza from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $292.65.

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.

See Also: What is the balance sheet?

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

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