6,755 Shares in Domino’s Pizza Inc $DPZ Acquired by Infusive Asset Management Inc.

Infusive Asset Management Inc. acquired a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the 4th quarter, Holdings Channel reports. The fund acquired 6,755 shares of the restaurant operator’s stock, valued at approximately $2,816,000.

Several other hedge funds have also modified their holdings of the company. Arax Advisory Partners bought a new position in shares of Domino’s Pizza during the 4th quarter valued at approximately $42,000. Barclays PLC increased its position in shares of Domino’s Pizza by 14.3% during the 4th quarter. Barclays PLC now owns 100,173 shares of the restaurant operator’s stock valued at $41,754,000 after purchasing an additional 12,564 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Domino’s Pizza by 24.3% during the 4th quarter. Brown Advisory Inc. now owns 20,029 shares of the restaurant operator’s stock valued at $8,349,000 after purchasing an additional 3,912 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Domino’s Pizza by 97.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 151,537 shares of the restaurant operator’s stock valued at $63,164,000 after purchasing an additional 74,622 shares during the last quarter. Finally, Bridgefront Capital LLC increased its position in shares of Domino’s Pizza by 85.2% during the 4th quarter. Bridgefront Capital LLC now owns 2,009 shares of the restaurant operator’s stock valued at $837,000 after purchasing an additional 924 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $323.88 on Friday. The stock has a market capitalization of $10.77 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 1.51 and a beta of 0.97. Domino’s Pizza Inc has a 1-year low of $297.48 and a 1-year high of $496.00. The business has a fifty day moving average price of $335.13 and a 200 day moving average price of $379.59.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The business had revenue of $1.15 billion during the quarter. During the same period in the previous year, the business posted $4.33 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Domino’s Pizza Inc will post 19.07 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 45.83%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. HSBC cut their target price on Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Northcoast Research dropped their price target on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. JPMorgan Chase & Co. dropped their price target on Domino’s Pizza from $450.00 to $440.00 and set an “overweight” rating on the stock in a research report on Friday, April 24th. Argus raised Domino’s Pizza to a “hold” rating in a research report on Monday, March 9th. Finally, Rothschild & Co Redburn dropped their price target on Domino’s Pizza from $340.00 to $290.00 in a research report on Monday, May 11th. Seventeen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus target price of $418.13.

Insider Activity

In other news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $313.16, for a total value of $152,822.08. Following the completion of the transaction, the executive vice president directly owned 9,352 shares in the company, valued at $2,928,672.32. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 1,463 shares of company stock valued at $466,807 in the last three months. Company insiders own 0.89% of the company’s stock.

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.