Harbor Capital Advisors Inc. Purchases 1,399 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Harbor Capital Advisors Inc. lifted its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 292.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,877 shares of the restaurant operator’s stock after purchasing an additional 1,399 shares during the period. Harbor Capital Advisors Inc.’s holdings in Domino’s Pizza were worth $969,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in DPZ. Coatue Management LLC bought a new position in Domino’s Pizza during the 4th quarter worth $322,859,000. Norges Bank bought a new position in Domino’s Pizza during the 4th quarter worth $208,604,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Domino’s Pizza by 107.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after purchasing an additional 230,090 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Domino’s Pizza by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after purchasing an additional 222,949 shares in the last quarter. Finally, TD Asset Management Inc boosted its holdings in shares of Domino’s Pizza by 66.8% in the 4th quarter. TD Asset Management Inc now owns 497,111 shares of the restaurant operator’s stock valued at $204,924,000 after purchasing an additional 199,060 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DPZ. Royal Bank of Canada reduced their target price on Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Oppenheimer reaffirmed an “outperform” rating and issued a $580.00 target price on shares of Domino’s Pizza in a report on Friday, July 12th. TD Cowen reaffirmed a “buy” rating and issued a $610.00 target price on shares of Domino’s Pizza in a report on Thursday, July 18th. Benchmark reduced their target price on Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Finally, Wells Fargo & Company raised their price objective on Domino’s Pizza from $475.00 to $525.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $517.39.

Domino’s Pizza Trading Up 0.2 %

Domino’s Pizza stock traded up $0.71 during midday trading on Wednesday, reaching $429.69. The stock had a trading volume of 297,516 shares, compared to its average volume of 595,684. Domino’s Pizza, Inc. has a 12 month low of $330.05 and a 12 month high of $542.75. The company has a market capitalization of $14.99 billion, a P/E ratio of 28.11, a PEG ratio of 2.24 and a beta of 0.87. The company has a fifty day moving average price of $485.69 and a two-hundred day moving average price of $475.00.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.35. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company posted $3.08 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts predict that Domino’s Pizza, Inc. will post 16.19 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $1.51 per share. The ex-dividend date is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a yield of 1.41%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 39.43%.

Domino’s Pizza Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.