MBB Public Markets I LLC Makes New $1.34 Million Investment in Domino’s Pizza, Inc. (NYSE:DPZ)

MBB Public Markets I LLC acquired a new stake in Domino’s Pizza, Inc. (NYSE:DPZ) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,600 shares of the restaurant operator’s stock, valued at approximately $1,342,000.

Other institutional investors have also recently modified their holdings of the company. Coatue Management LLC acquired a new position in Domino’s Pizza in the fourth quarter valued at about $322,859,000. Price T Rowe Associates Inc. MD raised its position in shares of Domino’s Pizza by 107.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after buying an additional 230,090 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Domino’s Pizza by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after acquiring an additional 222,949 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Domino’s Pizza by 85.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock worth $168,926,000 after acquiring an additional 150,526 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Domino’s Pizza in the second quarter valued at approximately $72,296,000. 94.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Domino’s Pizza from $450.00 to $470.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Guggenheim reduced their price objective on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating on the stock in a research note on Thursday. The Goldman Sachs Group began coverage on Domino’s Pizza in a research report on Thursday, June 13th. They issued a “buy” rating and a $612.00 target price on the stock. TD Cowen dropped their target price on shares of Domino’s Pizza from $520.00 to $475.00 and set a “buy” rating for the company in a report on Monday, September 16th. Finally, Wedbush reaffirmed an “outperform” rating and set a $575.00 price target on shares of Domino’s Pizza in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average target price of $506.28.

Domino’s Pizza Stock Down 0.8 %

Shares of Domino’s Pizza stock opened at $429.03 on Monday. Domino’s Pizza, Inc. has a twelve month low of $330.05 and a twelve month high of $542.75. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 28.00, a P/E/G ratio of 2.21 and a beta of 0.86. The company’s fifty day moving average is $422.52 and its 200 day moving average is $471.96.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the company posted $3.08 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities analysts anticipate that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, September 13th. Domino’s Pizza’s payout ratio is 39.43%.

About Domino’s Pizza

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.