Soroban Capital Partners LP Takes $895.25 Million Position in Domino’s Pizza Inc $DPZ

Soroban Capital Partners LP purchased a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,495,194 shares of the restaurant operator’s stock, valued at approximately $895,251,000. Domino’s Pizza accounts for about 1.7% of Soroban Capital Partners LP’s holdings, making the stock its 6th largest holding. Soroban Capital Partners LP owned approximately 0.08% of Domino’s Pizza at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DPZ. SHP Wealth Management purchased a new stake in shares of Domino’s Pizza in the fourth quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in 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 valued at $29,000 after purchasing an additional 34 shares during the last quarter. MBM Wealth Consultants LLC purchased a new stake in Domino’s Pizza in the 1st quarter worth about $31,000. Cornerstone Planning Group LLC lifted its stake in Domino’s Pizza by 450.0% in the first quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 81 shares during the last quarter. Finally, Johnson Financial Group Inc. boosted its position in shares of Domino’s Pizza by 200.0% during the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 56 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DPZ has been the topic of several recent analyst reports. Evercore reiterated an “outperform” rating on shares of Domino’s Pizza in a report on Thursday, July 9th. Jefferies Financial Group decreased their target price on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a research report on Tuesday, April 28th. BMO Capital Markets lowered their target price on shares of Domino’s Pizza from $450.00 to $420.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. The Goldman Sachs Group cut their price target on shares of Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Finally, Citigroup reduced their price target on shares of Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 7th. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and an average price target of $402.16.

Domino’s Pizza Stock Up 3.2%

NASDAQ DPZ opened at $343.53 on Tuesday. Domino’s Pizza Inc has a 52 week low of $282.00 and a 52 week high of $486.68. The company has a 50 day moving average price of $311.50 and a 200 day moving average price of $354.63. The firm has a market cap of $11.36 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results 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). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business had revenue of $1.19 billion during the quarter. During the same period in the previous year, the company posted $3.81 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities research analysts anticipate that Domino’s Pizza Inc will post 18.89 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.99 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.3%. Domino’s Pizza’s dividend payout ratio is presently 45.15%.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 487 shares of the firm’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $297.01, for a total transaction of $144,643.87. Following the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $2,777,637.52. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 1,950 shares of company stock valued at $611,451 in the last quarter. 0.89% of the stock is owned by corporate insiders.

Domino’s Pizza 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.