Brevan Howard Capital Management LP Grows Stake in Domino’s Pizza Inc $DPZ

Brevan Howard Capital Management LP grew its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 69.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,083 shares of the restaurant operator’s stock after acquiring an additional 3,300 shares during the period. Brevan Howard Capital Management LP’s holdings in Domino’s Pizza were worth $3,490,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Domino’s Pizza by 0.9% during the second quarter. Vanguard Group Inc. now owns 4,047,026 shares of the restaurant operator’s stock valued at $1,823,590,000 after purchasing an additional 36,288 shares during the period. Berkshire Hathaway Inc raised its stake in shares of Domino’s Pizza by 13.2% in the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after buying an additional 348,077 shares during the period. Principal Financial Group Inc. raised its stake in shares of Domino’s Pizza by 1.8% in the third quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock valued at $760,939,000 after buying an additional 30,647 shares during the period. Invesco Ltd. lifted its position in shares of Domino’s Pizza by 9.3% during the 3rd quarter. Invesco Ltd. now owns 919,830 shares of the restaurant operator’s stock valued at $397,100,000 after buying an additional 78,594 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Domino’s Pizza by 9.0% during the 2nd quarter. Bank of America Corp DE now owns 560,058 shares of the restaurant operator’s stock valued at $252,362,000 after buying an additional 46,098 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Evercore reissued an “outperform” rating and issued a $510.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 24th. Morgan Stanley reaffirmed an “equal weight” rating and set a $455.00 price objective (down from $535.00) on shares of Domino’s Pizza in a report on Tuesday, January 20th. TD Cowen reiterated a “hold” rating and set a $460.00 target price on shares of Domino’s Pizza in a research report on Monday, February 23rd. JPMorgan Chase & Co. upgraded shares of Domino’s Pizza from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $460.00 to $450.00 in a research report on Tuesday, February 24th. Finally, BTIG Research reiterated a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Domino’s Pizza currently has an average rating of “Hold” and an average price target of $475.71.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $392.27 on Tuesday. Domino’s Pizza Inc has a 52-week low of $370.70 and a 52-week high of $499.08. The firm has a market cap of $13.19 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 1.73 and a beta of 1.16. The business’s fifty day moving average is $399.88 and its 200 day moving average is $415.65.

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

Domino’s Pizza Increases Dividend

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

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.