PDT Partners LLC Takes Position in Domino’s Pizza Inc $DPZ

PDT Partners LLC bought a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZFree Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 46,354 shares of the restaurant operator’s stock, valued at approximately $13,723,000. Domino’s Pizza makes up approximately 0.7% of PDT Partners LLC’s holdings, making the stock its 29th biggest position. PDT Partners LLC owned approximately 0.14% of Domino’s Pizza at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DPZ. Soroban Capital Partners LP purchased a new position in shares of Domino’s Pizza in the first quarter valued at about $895,251,000. BlackRock Inc. purchased a new stake in shares of Domino’s Pizza during the second quarter worth about $715,704,000. Northwestern Mutual Wealth Management Co. raised its stake in 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 valued at $381,254,000 after purchasing an additional 910,529 shares during the period. Norges Bank bought a new stake in Domino’s Pizza during the 4th quarter valued at approximately $285,116,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Domino’s Pizza by 247.9% in 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 in the last quarter. Institutional investors own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Loop Capital restated a “hold” rating and issued a $353.00 price target on shares of Domino’s Pizza in a research note on Monday, August 10th. Oppenheimer lowered their target price on shares of Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Mizuho lowered their target price on shares of Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. Northcoast Research dropped their target price on shares of Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $350.00 target price on shares of Domino’s Pizza in a research note on Monday. Sixteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Hold” and a consensus price target of $397.42.

Check Out Our Latest Research Report on Domino’s Pizza

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 12,430 shares of Domino’s Pizza stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $3,011,718.08. This trade represents a 57.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Russell J. Weiner sold 10,850 shares of the business’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the completion of the sale, 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. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 24,254 shares of company stock worth $7,888,924. 0.89% of the stock is owned by insiders.

Domino’s Pizza Trading Up 0.3%

Shares of Domino’s Pizza stock opened at $349.91 on Wednesday. The firm has a market cap of $11.58 billion, a PE ratio of 19.85, a PEG ratio of 1.68 and a beta of 0.94. The stock has a 50 day moving average of $326.86 and a 200 day moving average of $346.39. Domino’s Pizza Inc has a 12 month low of $282.00 and a 12 month high of $469.00.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last released its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The firm had revenue of $1.19 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.Domino’s Pizza’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.81 earnings per share. As a group, equities research analysts forecast that Domino’s Pizza Inc will post 18.88 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

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

Domino’s Pizza Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Domino's Pizza (NASDAQ:DPZ)

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