Jupiter Topco LLC Invests $1.11 Million in Domino’s Pizza Inc $DPZ

Jupiter Topco LLC bought a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,737 shares of the restaurant operator’s stock, valued at approximately $1,106,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Soroban Capital Partners LP purchased a new stake in shares of Domino’s Pizza during the first quarter worth about $895,251,000. BlackRock Inc. acquired a new stake in Domino’s Pizza in the 2nd quarter worth approximately $715,704,000. Northwestern Mutual Wealth Management Co. boosted its stake in Domino’s Pizza by 21,977.5% in 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 in the last quarter. Norges Bank purchased a new stake in Domino’s Pizza during the 4th quarter worth approximately $285,116,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Domino’s Pizza by 247.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock worth $189,171,000 after purchasing an additional 375,709 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on DPZ shares. Loop Capital reaffirmed a “hold” rating and issued a $353.00 price target on shares of Domino’s Pizza in a report on Monday, August 10th. UBS Group boosted their price objective on shares of Domino’s Pizza from $375.00 to $385.00 and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets cut their target price on Domino’s Pizza from $450.00 to $420.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Oppenheimer reduced their target price on Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. Finally, BTIG Research reaffirmed a “buy” rating and set a $425.00 price target on shares of Domino’s Pizza in a research report on Tuesday, July 21st. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Domino’s Pizza presently has an average rating of “Hold” and an average price target of $397.74.

Insider Activity

In other 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 value of $4,002,957.20. Following the sale, the executive vice president 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the chief executive officer directly 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. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 24,254 shares of company stock worth $7,888,924 over the last ninety days. 0.89% of the stock is owned by insiders.

Domino’s Pizza Trading Down 1.7%

Shares of NASDAQ DPZ opened at $341.08 on Friday. The company has a 50 day simple moving average of $333.96 and a two-hundred day simple moving average of $344.20. The stock has a market cap of $11.28 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 1.57 and a beta of 0.94. Domino’s Pizza Inc has a 12 month low of $282.00 and a 12 month high of $467.22.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business had revenue of $1.19 billion during the quarter. During the same quarter in the prior year, the firm earned $3.81 EPS. Domino’s Pizza’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts forecast that Domino’s Pizza Inc will post 18.89 EPS for the current year.

Domino’s Pizza Announces Dividend

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

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.