Segantii Capital Management Ltd Invests $613,000 in Domino’s Pizza Inc (NYSE:DPZ)

Segantii Capital Management Ltd bought a new position in shares of Domino’s Pizza Inc (NYSE:DPZ) during the second quarter, Holdings Channel reports. The institutional investor bought 2,900 shares of the restaurant operator’s stock, valued at approximately $613,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DPZ. Teachers Advisors LLC increased its position in Domino’s Pizza by 22.0% in the fourth quarter. Teachers Advisors LLC now owns 53,194 shares of the restaurant operator’s stock worth $8,471,000 after buying an additional 9,600 shares during the last quarter. Creative Planning increased its position in Domino’s Pizza by 18.6% in the first quarter. Creative Planning now owns 1,149 shares of the restaurant operator’s stock worth $212,000 after buying an additional 180 shares during the last quarter. Gulf International Bank UK Ltd increased its position in Domino’s Pizza by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 14,390 shares of the restaurant operator’s stock worth $2,652,000 after buying an additional 140 shares during the last quarter. Bank of Montreal Can increased its position in Domino’s Pizza by 77.4% in the first quarter. Bank of Montreal Can now owns 62,047 shares of the restaurant operator’s stock worth $11,435,000 after buying an additional 27,064 shares during the last quarter. Finally, Capstone Asset Management Co. increased its position in Domino’s Pizza by 3.3% in the first quarter. Capstone Asset Management Co. now owns 6,146 shares of the restaurant operator’s stock worth $1,133,000 after buying an additional 197 shares during the last quarter. Institutional investors own 98.55% of the company’s stock.

Domino’s Pizza Inc (NYSE:DPZ) opened at 193.83 on Thursday. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 38.52 and a beta of 0.35. Domino’s Pizza Inc has a 52-week low of $143.47 and a 52-week high of $221.58. The company’s 50-day moving average is $204.95 and its 200 day moving average is $193.17.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data 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 13.28% and a net margin of 9.40%. The company had revenue of $628.61 million during the quarter, compared to the consensus estimate of $609.87 million. During the same period last year, the company earned $0.98 EPS. Domino’s Pizza’s revenue for the quarter was up 14.8% on a year-over-year basis. Equities analysts forecast that Domino’s Pizza Inc will post $5.70 earnings per share for the current fiscal year.

Domino’s Pizza announced that its board has approved a stock repurchase program on Wednesday, August 2nd that allows the company to repurchase $1.25 billion in shares. This repurchase authorization allows the restaurant operator to purchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.46 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.84 annualized dividend and a yield of 0.95%. Domino’s Pizza’s payout ratio is 36.65%.

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A number of research analysts recently issued reports on DPZ shares. Jefferies Group LLC reiterated a “hold” rating and set a $180.00 target price on shares of Domino’s Pizza in a research report on Wednesday, April 12th. Guggenheim started coverage on shares of Domino’s Pizza in a research report on Friday, April 21st. They set a “buy” rating and a $192.00 target price on the stock. OTR Global reiterated a “positive” rating on shares of Domino’s Pizza in a research report on Saturday, April 22nd. Stephens reiterated an “equal weight” rating and set a $185.00 target price on shares of Domino’s Pizza in a research report on Friday, April 28th. Finally, Instinet restated a “neutral” rating and set a $196.00 price target (up previously from $174.00) on shares of Domino’s Pizza in a research note on Saturday, April 29th. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $196.56.

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

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