Twinbeech Capital LP Makes New Investment in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Twinbeech Capital LP purchased a new position in Domino’s Pizza, Inc. (NASDAQ:DPZ) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 72,746 shares of the restaurant operator’s stock, valued at approximately $30,536,000. Twinbeech Capital LP owned 0.21% of Domino’s Pizza as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Berkshire Hathaway Inc raised its position in shares of Domino’s Pizza by 86.5% in the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after purchasing an additional 1,104,744 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Domino’s Pizza by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after purchasing an additional 21,705 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Domino’s Pizza by 10.7% in the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock valued at $403,203,000 after purchasing an additional 92,389 shares in the last quarter. Invesco Ltd. raised its position in shares of Domino’s Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after purchasing an additional 191,752 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at approximately $250,571,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Activity

In related news, EVP Kevin Scott Morris sold 5,416 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the transaction, the executive vice president now owns 793 shares of the company’s stock, valued at $346,541. This trade represents a 87.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Reddy Sandeep sold 1,077 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the transaction, the chief financial officer now directly owns 8,081 shares of the company’s stock, valued at $3,581,499.20. This represents a 11.76% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,996 shares of company stock valued at $3,946,461. Company insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DPZ shares. TD Cowen restated a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday, February 24th. Morgan Stanley raised their price objective on Domino’s Pizza from $492.00 to $510.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 29th. Wedbush restated an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Robert W. Baird raised their price objective on Domino’s Pizza from $500.00 to $535.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets raised their price objective on Domino’s Pizza from $515.00 to $540.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $498.50.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $495.05 on Monday. The firm has a market capitalization of $16.95 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $538.44. The stock’s fifty day moving average is $466.82 and its 200-day moving average is $454.90.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $0.21. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $3.58 earnings per share. Analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, June 13th. Domino’s Pizza’s dividend payout ratio (DPR) is 39.91%.

Domino’s Pizza Profile

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.