Charles Schwab Investment Management Inc. Invests $110.35 Million in Domino’s Pizza Inc (NASDAQ:DPZ)

Charles Schwab Investment Management Inc. purchased a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 240,175 shares of the restaurant operator’s stock, valued at approximately $110,348,000.

Other hedge funds also recently modified their holdings of the company. Praxis Investment Management Inc. acquired a new stake in Domino’s Pizza during the 1st quarter worth about $414,000. Sowell Financial Services LLC acquired a new stake in Domino’s Pizza during the 1st quarter worth about $282,000. Merit Financial Group LLC grew its holdings in Domino’s Pizza by 88.5% during the 1st quarter. Merit Financial Group LLC now owns 1,591 shares of the restaurant operator’s stock worth $731,000 after acquiring an additional 747 shares during the period. GAMMA Investing LLC grew its holdings in Domino’s Pizza by 53,740.4% during the 1st quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator’s stock worth $119,480,000 after acquiring an additional 259,566 shares during the period. Finally, Cornerstone Wealth Group LLC grew its holdings in Domino’s Pizza by 41.0% during the 1st quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator’s stock worth $9,381,000 after acquiring an additional 5,939 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $440.54 on Tuesday. Domino’s Pizza Inc has a 52-week low of $396.06 and a 52-week high of $500.55. The company has a 50-day simple moving average of $459.90 and a two-hundred day simple moving average of $465.15. The company has a market capitalization of $14.96 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.41 and a beta of 1.09.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.93 by ($0.12). Domino’s Pizza had a negative return on equity of 15.09% and a net margin of 12.49%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the company posted $4.03 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, sell-side analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, September 15th. Domino’s Pizza’s payout ratio is presently 40.42%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DPZ. Robert W. Baird upped their price objective on shares of Domino’s Pizza from $500.00 to $535.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. TD Securities reiterated a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a report on Monday, April 28th. Wells Fargo & Company upped their price objective on shares of Domino’s Pizza from $465.00 to $490.00 and gave the company an “equal weight” rating in a report on Tuesday, July 22nd. Argus reiterated a “hold” rating and set a $490.00 price objective on shares of Domino’s Pizza in a report on Tuesday, April 29th. Finally, BMO Capital Markets upped their price objective on shares of Domino’s Pizza from $515.00 to $540.00 and gave the company an “outperform” rating in a report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average target price of $489.67.

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.