Campbell & CO Investment Adviser LLC Grows Stock Position in Domino’s Pizza Inc $DPZ

Campbell & CO Investment Adviser LLC boosted its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 194.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,639 shares of the restaurant operator’s stock after buying an additional 1,744 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Domino’s Pizza were worth $1,189,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. acquired a new stake in shares of Domino’s Pizza in the first quarter worth approximately $110,348,000. Invesco Ltd. increased its position in Domino’s Pizza by 32.9% during the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator’s stock worth $371,997,000 after purchasing an additional 200,622 shares during the last quarter. Bristol Gate Capital Partners Inc. purchased a new position in Domino’s Pizza during the first quarter worth approximately $92,085,000. Sterling Capital Management LLC boosted its holdings in shares of Domino’s Pizza by 2,076.8% in the 2nd quarter. Sterling Capital Management LLC now owns 180,084 shares of the restaurant operator’s stock valued at $81,146,000 after purchasing an additional 171,811 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Domino’s Pizza by 27.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 511,206 shares of the restaurant operator’s stock valued at $230,349,000 after buying an additional 108,794 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $403.76 on Thursday. The firm’s 50-day simple moving average is $424.14 and its 200-day simple moving average is $450.72. Domino’s Pizza Inc has a 1 year low of $392.89 and a 1 year high of $500.55. The firm has a market cap of $13.64 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 2.15 and a beta of 1.09.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $4.19 EPS. On average, equities analysts predict that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be issued a $1.74 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $6.96 annualized dividend and a dividend yield of 1.7%. Domino’s Pizza’s payout ratio is 40.68%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Morgan Stanley lifted their target price on Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. BTIG Research restated a “buy” rating and issued a $530.00 price objective on shares of Domino’s Pizza in a report on Wednesday, October 15th. Royal Bank Of Canada decreased their target price on Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating for the company in a report on Wednesday, October 15th. Bank of America increased their target price on shares of Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, Loop Capital raised their price target on shares of Domino’s Pizza from $564.00 to $574.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $490.32.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the transaction, the director owned 3,384 shares of the company’s stock, valued at $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.83% of the company’s stock.

Domino’s Pizza Company 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.