Renaissance Technologies LLC Acquires 305,760 Shares of Domino’s Pizza Inc $DPZ

Renaissance Technologies LLC grew its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 672.6% during the first quarter, Holdings Channel.com reports. The firm owned 351,220 shares of the restaurant operator’s stock after acquiring an additional 305,760 shares during the quarter. Renaissance Technologies LLC’s holdings in Domino’s Pizza were worth $126,014,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DPZ. Huntleigh Advisors Inc. grew its position in Domino’s Pizza by 5.0% in the fourth quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock valued at $221,000 after purchasing an additional 25 shares in the last quarter. Andina Capital Management LLC increased its stake in Domino’s Pizza by 3.1% in the 4th quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator’s stock valued at $457,000 after buying an additional 33 shares during the last quarter. Diversify Advisory Services LLC lifted its position in Domino’s Pizza by 5.1% during the 3rd quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator’s stock worth $275,000 after buying an additional 33 shares in the last quarter. Novem Group lifted its position in Domino’s Pizza by 5.1% during the 4th quarter. Novem Group now owns 703 shares of the restaurant operator’s stock worth $293,000 after buying an additional 34 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Domino’s Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

Shares of DPZ opened at $332.97 on Friday. The firm has a 50-day moving average of $310.79 and a 200-day moving average of $355.47. Domino’s Pizza Inc has a one year low of $282.00 and a one year high of $486.68. The company has a market cap of $11.02 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.57 and a beta of 0.97.

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 the consensus estimate of $4.17 by ($0.10). The firm had revenue of $1.19 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.81 EPS. Analysts expect that Domino’s Pizza Inc will post 18.89 earnings per share 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. Investors of record on Tuesday, September 15th will be issued a dividend of $1.99 per share. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.4%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 45.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DPZ shares. Rothschild & Co Redburn decreased their price objective on Domino’s Pizza from $340.00 to $290.00 in a report on Monday, May 11th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Domino’s Pizza in a report on Tuesday. Gordon Haskett reduced their price target on Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. UBS Group restated a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday. Finally, Jefferies Financial Group lowered their price target on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating on the stock in a research report on Tuesday, April 28th. Eighteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus price target of $402.16.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,928,672.32. The trade was a 4.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 1,950 shares of company stock worth $611,451 over the last 90 days. 0.89% of the stock is owned by insiders.

Domino’s Pizza News Summary

Here are the key news stories impacting Domino’s Pizza this week:

• Positive Sentiment: Wells Fargo raised its price target on Domino’s Pizza (DPZ) to $350, signaling improved expectations for the stock. Wells Fargo & Company Raises Domino’s Pizza (NASDAQ:DPZ) Price Target to $350.00
• Positive Sentiment: BTIG Research reiterated a Buy rating on Domino’s Pizza, reinforcing a favorable analyst outlook. Domino’s Pizza (NASDAQ:DPZ) Earns Buy Rating from BTIG Research
• Positive Sentiment: Consensus analyst coverage remains supportive, with Domino’s Pizza receiving an average “Moderate Buy” recommendation. Domino’s Pizza Inc (NASDAQ:DPZ) Receives Average Recommendation of “Moderate Buy” from Analysts
• Positive Sentiment: Several articles argue Domino’s may still be undervalued or trading at an attractive earnings multiple after stronger-than-expected Q2 revenue, which can support bullish sentiment. Is Domino’s Pizza (DPZ) Undervalued After Stronger Than Expected Q2 Revenue?
• Neutral Sentiment: A piece on Domino’s trading at a premium to cash flow but a discount to earnings suggests the stock may be fairly valued rather than clearly expensive or cheap. Dominos (DPZ) Stock May Trade At A Premium To Cash Flow But A Discount To Earnings
• Neutral Sentiment: A short-interest update noted zero reported shares and no meaningful days-to-cover reading, so it does not provide a clear new directional signal for the stock.
• Negative Sentiment: Oppenheimer issued a more cautious forecast for Domino’s Pizza, and BMO Capital trimmed its price target to $420, which could temper enthusiasm. Oppenheimer Issues Pessimistic Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price BMO Capital Markets Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $420.00

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.