SouthState Corp Buys New Shares in Domino’s Pizza, Inc. (NYSE:DPZ)

SouthState Corp purchased a new position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 205 shares of the restaurant operator’s stock, valued at approximately $106,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DPZ. Blue Trust Inc. raised its holdings in shares of Domino’s Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 39 shares in the last quarter. Crewe Advisors LLC bought a new position in Domino’s Pizza during the first quarter valued at approximately $36,000. Versant Capital Management Inc raised its stake in shares of Domino’s Pizza by 654.5% during the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 72 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Domino’s Pizza by 41.8% in the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 33 shares during the last quarter. Finally, ORG Partners LLC purchased a new stake in shares of Domino’s Pizza in the 2nd quarter valued at $62,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Up 1.1 %

Shares of DPZ stock opened at $410.09 on Friday. The stock has a market cap of $14.30 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 2.17 and a beta of 0.86. The business’s fifty day moving average is $443.11 and its 200 day moving average is $474.46. Domino’s Pizza, Inc. has a twelve month low of $330.05 and a twelve month high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm earned $3.08 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts expect that Domino’s Pizza, Inc. will post 16.23 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced 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. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, September 13th. Domino’s Pizza’s dividend payout ratio is 39.43%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. BMO Capital Markets lowered their target price on Domino’s Pizza from $575.00 to $525.00 and set an “outperform” rating for the company in a research note on Friday, July 19th. Loop Capital dropped their target price on Domino’s Pizza from $507.00 to $419.00 and set a “hold” rating for the company in a report on Friday, July 19th. Robert W. Baird raised Domino’s Pizza from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $530.00 to $580.00 in a research note on Monday, July 8th. Finally, Stephens dropped their price objective on Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. One investment 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $517.39.

About Domino’s Pizza

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.