Eagle Asset Management Inc. lowered its position in shares of Domino's Pizza, Inc. (NYSE:DPZ) by 99.3% during the 4th quarter, HoldingsChannel reports. The firm owned 1,397 shares of the restaurant operator’s stock after selling 191,388 shares during the period. Eagle Asset Management Inc.’s holdings in Domino's Pizza were worth $291,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. Toronto Dominion Bank lifted its holdings in Domino's Pizza by 41.8% during the fourth quarter. Toronto Dominion Bank now owns 2,879 shares of the restaurant operator’s stock valued at $544,000 after purchasing an additional 848 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Domino's Pizza by 3.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 76,040 shares of the restaurant operator’s stock valued at $14,369,000 after purchasing an additional 2,195 shares in the last quarter. Sei Investments Co. lifted its holdings in Domino's Pizza by 95.7% during the fourth quarter. Sei Investments Co. now owns 29,557 shares of the restaurant operator’s stock valued at $5,585,000 after purchasing an additional 14,457 shares in the last quarter. New Mexico Educational Retirement Board purchased a new position in Domino's Pizza during the fourth quarter valued at approximately $2,041,000. Finally, Old Mutual Global Investors UK Ltd. lifted its holdings in Domino's Pizza by 64.1% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 783,625 shares of the restaurant operator’s stock valued at $148,073,000 after purchasing an additional 306,003 shares in the last quarter. 99.59% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Jeffrey D. Lawrence sold 17,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $184.87, for a total value of $3,142,790.00. Following the sale, the chief financial officer now owns 26,841 shares in the company, valued at $4,962,095.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.57% of the company’s stock.
Shares of Domino's Pizza, Inc. (DPZ) opened at $228.02 on Tuesday. Domino's Pizza, Inc. has a 1 year low of $166.74 and a 1 year high of $236.00. The firm has a market cap of $9,844.72, a price-to-earnings ratio of 38.98, a P/E/G ratio of 1.90 and a beta of 0.45. The company has a debt-to-equity ratio of -1.14, a current ratio of 1.46 and a quick ratio of 1.36.
Domino's Pizza (NYSE:DPZ) last announced its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.15. Domino's Pizza had a net margin of 9.97% and a negative return on equity of 12.02%. The company had revenue of $891.50 million for the quarter, compared to analysts’ expectations of $904.79 million. During the same quarter in the previous year, the business posted $1.48 earnings per share. Domino's Pizza’s quarterly revenue was up 8.8% on a year-over-year basis. analysts forecast that Domino's Pizza, Inc. will post 7.93 EPS for the current fiscal year.
Domino's Pizza announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 20th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a boost from Domino's Pizza’s previous quarterly dividend of $0.46. Domino's Pizza’s payout ratio is currently 31.45%.
Domino's Pizza Profile
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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