5,355 Shares in Domino’s Pizza Inc $DPZ Bought by Delta Global Management LP

Delta Global Management LP bought a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,355 shares of the restaurant operator’s stock, valued at approximately $2,312,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Domino’s Pizza during the second quarter worth about $785,000. Allworth Financial LP raised its position in Domino’s Pizza by 32.8% in the 2nd quarter. Allworth Financial LP now owns 231 shares of the restaurant operator’s stock valued at $104,000 after buying an additional 57 shares during the last quarter. KBC Group NV raised its position in Domino’s Pizza by 1.2% in the 2nd quarter. KBC Group NV now owns 4,734 shares of the restaurant operator’s stock valued at $2,132,000 after buying an additional 54 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Domino’s Pizza by 1.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,875 shares of the restaurant operator’s stock valued at $4,900,000 after acquiring an additional 168 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Domino’s Pizza by 6.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,398 shares of the restaurant operator’s stock valued at $3,784,000 after acquiring an additional 501 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DPZ. Evercore reaffirmed an “outperform” rating and set a $510.00 price target on shares of Domino’s Pizza in a research note on Tuesday, February 24th. Piper Sandler reissued a “neutral” rating and issued a $445.00 price objective on shares of Domino’s Pizza in a research report on Monday, November 24th. Royal Bank Of Canada restated a “sector perform” rating and set a $425.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 24th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Domino’s Pizza in a research report on Tuesday, February 24th. Finally, Argus upgraded shares of Domino’s Pizza to a “hold” rating in a research note on Monday, March 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Domino’s Pizza currently has an average rating of “Hold” and a consensus price target of $475.71.

Domino’s Pizza Trading Down 2.3%

Shares of NASDAQ DPZ opened at $392.27 on Tuesday. Domino’s Pizza Inc has a 12 month low of $370.70 and a 12 month high of $499.08. The stock has a 50 day moving average of $399.88 and a 200-day moving average of $415.65. The company has a market capitalization of $13.19 billion, a P/E ratio of 22.33, a P/E/G ratio of 1.73 and a beta of 1.16.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The business had revenue of $1.54 billion during the quarter. During the same quarter in the previous year, the business posted $4.89 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts predict that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be given a $1.99 dividend. The ex-dividend date of this dividend is Friday, March 13th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 annualized dividend and a dividend yield of 2.0%. Domino’s Pizza’s payout ratio is currently 45.30%.

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.