Domino’s Pizza Inc $DPZ Shares Purchased by Loudon Investment Management LLC

Loudon Investment Management LLC grew its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 64.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,489 shares of the restaurant operator’s stock after buying an additional 2,540 shares during the period. Domino’s Pizza comprises 1.5% of Loudon Investment Management LLC’s portfolio, making the stock its 26th largest position. Loudon Investment Management LLC’s holdings in Domino’s Pizza were worth $2,801,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DPZ. Johnson Financial Group Inc. raised its position in shares of Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 56 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in Domino’s Pizza in the second quarter worth $42,000. Westpac Banking Corp increased its stake 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. MUFG Securities EMEA plc bought a new stake in Domino’s Pizza during the second quarter valued at $46,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Domino’s Pizza by 64.2% during the third quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 43 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Down 2.3%

DPZ stock opened at $392.27 on Tuesday. Domino’s Pizza Inc has a fifty-two week low of $370.70 and a fifty-two week high of $499.08. The firm’s 50-day simple moving average is $399.88 and its 200 day simple moving average is $415.65. The stock has a market cap of $13.19 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 1.73 and a beta of 1.16.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing the consensus estimate of $5.38 by ($0.03). Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The firm had revenue of $1.54 billion during the quarter. During the same quarter in the previous year, the company posted $4.89 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. Equities analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be issued a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.0%. 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. Domino’s Pizza’s dividend payout ratio is presently 45.30%.

Analyst Ratings Changes

Several research firms have recently commented on DPZ. BTIG Research reaffirmed a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, February 24th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $425.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, February 24th. UBS Group set a $500.00 target price on Domino’s Pizza and gave the company a “buy” rating in a research note on Friday, February 13th. Citigroup upped their target price on Domino’s Pizza from $420.00 to $440.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Finally, William Blair set a $540.00 price target on Domino’s Pizza in a research report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $475.71.

Domino’s Pizza Company Profile

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.