R Squared Ltd Invests $833,000 in Domino’s Pizza Inc $DPZ

R Squared Ltd acquired a new stake in Domino’s Pizza Inc (NASDAQ:DPZ) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,930 shares of the restaurant operator’s stock, valued at approximately $833,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Westpac Banking Corp grew its holdings in Domino’s Pizza by 31.2% during the second quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 24 shares during the last quarter. Lafayette Investments Inc. boosted its holdings in shares of Domino’s Pizza by 2.8% during the 3rd quarter. Lafayette Investments Inc. now owns 955 shares of the restaurant operator’s stock worth $412,000 after buying an additional 26 shares during the period. Ritholtz Wealth Management grew its stake in Domino’s Pizza by 1.1% in the 3rd quarter. Ritholtz Wealth Management now owns 2,382 shares of the restaurant operator’s stock valued at $1,028,000 after buying an additional 27 shares during the last quarter. Bessemer Group Inc. grew its stake in Domino’s Pizza by 1.2% in the 3rd quarter. Bessemer Group Inc. now owns 2,317 shares of the restaurant operator’s stock valued at $1,000,000 after buying an additional 28 shares during the last quarter. Finally, Colonial Trust Co SC raised its holdings in Domino’s Pizza by 5.3% in the 3rd quarter. Colonial Trust Co SC now owns 561 shares of the restaurant operator’s stock worth $242,000 after acquiring an additional 28 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DPZ shares. Citigroup upped their price target on shares of Domino’s Pizza from $420.00 to $440.00 and gave the company a “neutral” rating in a report on Tuesday. BTIG Research reissued a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday. Stifel Nicolaus decreased their target price on Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating for the company in a research note on Wednesday, January 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $425.00 price target on shares of Domino’s Pizza in a research report on Tuesday. Finally, Piper Sandler reiterated a “neutral” rating and set a $445.00 price target on shares of Domino’s Pizza in a report on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $475.71.

Domino’s Pizza Stock Down 1.2%

DPZ stock opened at $399.29 on Friday. Domino’s Pizza Inc has a twelve month low of $370.70 and a twelve month high of $500.55. The company has a market cap of $13.43 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 1.79 and a beta of 1.15. The business’s 50-day simple moving average is $404.95 and its 200 day simple moving average is $419.98.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 EPS for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). The firm had revenue of $1.54 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $4.89 EPS. On average, equities research analysts anticipate that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be issued a $1.99 dividend. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.74. The ex-dividend date of this dividend is Friday, March 13th. This represents a $7.96 annualized dividend and a yield of 2.0%. Domino’s Pizza’s payout ratio is presently 39.61%.

Insider Activity

In other news, EVP Kelly E. Garcia sold 4,870 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value of $2,113,872.20. Following the completion of the transaction, the executive vice president owned 6,744 shares in the company, valued at approximately $2,927,300.64. This represents a 41.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.83% of the company’s stock.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.