Traders Buy Shares of Domino’s Pizza Inc (NYSE:DPZ) on Weakness

Traders bought shares of Domino’s Pizza Inc (NYSE:DPZ) on weakness during trading on Tuesday. $235.36 million flowed into the stock on the tick-up and $199.26 million flowed out of the stock on the tick-down, for a money net flow of $36.10 million into the stock. Of all companies tracked, Domino’s Pizza had the 13th highest net in-flow for the day. Domino’s Pizza traded down ($21.57) for the day and closed at $192.40

A number of research firms have issued reports on DPZ. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $215.00 price objective on shares of Domino’s Pizza in a research note on Tuesday. BidaskClub downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Monday. Instinet reaffirmed a “neutral” rating and issued a $198.00 price objective (up previously from $196.00) on shares of Domino’s Pizza in a research note on Saturday. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $212.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, July 18th. Finally, Zacks Investment Research downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Fourteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Domino’s Pizza presently has an average rating of “Hold” and a consensus target price of $194.40.

The firm has a market capitalization of $9.25 billion, a P/E ratio of 41.14 and a beta of 0.38. The stock’s 50-day moving average price is $212.52 and its 200-day moving average price is $191.44.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, topping the consensus estimate of $1.23 by $0.09. Domino’s Pizza had a negative return on equity of 12.21% and a net margin of 9.06%. The business had revenue of $628.61 million during the quarter, compared to analyst estimates of $609.87 million. During the same period last year, the business posted $0.98 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities analysts expect that Domino’s Pizza Inc will post $5.47 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were given a dividend of $0.46 per share. The ex-dividend date was Tuesday, June 13th. This represents a $1.84 annualized dividend and a dividend yield of 0.96%. Domino’s Pizza’s dividend payout ratio is currently 39.32%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DPZ. BlackRock Inc. raised its position in Domino’s Pizza by 2,338.4% in the first quarter. BlackRock Inc. now owns 5,344,824 shares of the restaurant operator’s stock worth $985,052,000 after buying an additional 5,125,632 shares during the period. Vanguard Group Inc. raised its position in Domino’s Pizza by 3.2% in the first quarter. Vanguard Group Inc. now owns 3,837,342 shares of the restaurant operator’s stock worth $707,222,000 after buying an additional 120,692 shares during the period. Renaissance Technologies LLC raised its position in Domino’s Pizza by 32.1% in the first quarter. Renaissance Technologies LLC now owns 2,130,700 shares of the restaurant operator’s stock worth $392,688,000 after buying an additional 517,200 shares during the period. Ameriprise Financial Inc. raised its position in Domino’s Pizza by 499.8% in the first quarter. Ameriprise Financial Inc. now owns 1,750,503 shares of the restaurant operator’s stock worth $322,614,000 after buying an additional 1,458,667 shares during the period. Finally, State Street Corp raised its position in Domino’s Pizza by 1.1% in the first quarter. State Street Corp now owns 1,538,004 shares of the restaurant operator’s stock worth $283,451,000 after buying an additional 16,726 shares during the period. Hedge funds and other institutional investors own 98.91% of the company’s stock.

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About Domino’s Pizza

Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.

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