Partners Capital Investment Group LLP Invests $2.79 Million in Domino’s Pizza Inc $DPZ

Partners Capital Investment Group LLP acquired a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 9,428 shares of the restaurant operator’s stock, valued at approximately $2,791,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Soroban Capital Partners LP purchased a new position in Domino’s Pizza during the first quarter worth $895,251,000. BlackRock Inc. acquired a new stake in shares of Domino’s Pizza during the 2nd quarter worth about $715,704,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Domino’s Pizza by 21,977.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after purchasing an additional 910,529 shares during the last quarter. Norges Bank purchased a new stake in shares of Domino’s Pizza during the fourth quarter worth about $285,116,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Domino’s Pizza by 247.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock worth $189,171,000 after buying an additional 375,709 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on DPZ. Stifel Nicolaus set a $400.00 price objective on shares of Domino’s Pizza in a research note on Monday, April 27th. Morgan Stanley lowered their target price on shares of Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. Piper Sandler cut their price target on Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating for the company in a report on Monday, April 27th. Oppenheimer reduced their price target on Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Finally, Citigroup decreased their price objective on Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. Sixteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Domino’s Pizza has an average rating of “Hold” and a consensus price target of $397.42.

Domino’s Pizza Stock Up 2.1%

NASDAQ:DPZ opened at $349.01 on Tuesday. The company has a market cap of $11.55 billion, a P/E ratio of 19.80, a P/E/G ratio of 1.65 and a beta of 0.94. Domino’s Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $469.00. The firm’s 50 day moving average is $326.27 and its two-hundred day moving average is $346.76.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). The company had revenue of $1.19 billion for the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.81 earnings per share. Research analysts forecast that Domino’s Pizza Inc will post 18.88 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino’s Pizza’s payout ratio is 45.15%.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 12,430 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the completion of the sale, the executive vice president directly owned 9,352 shares in the company, valued at $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Russell J. Weiner sold 10,850 shares of the firm’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the transaction, the chief executive officer owned 43,829 shares in the company, valued at approximately $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 24,254 shares of company stock valued at $7,888,924. 0.89% of the stock is owned by company insiders.

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.