Hudson Bay Capital Management LP Cuts Stock Holdings in Domino’s Pizza Inc $DPZ

Hudson Bay Capital Management LP lowered its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 95.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,430 shares of the restaurant operator’s stock after selling 28,826 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Domino’s Pizza were worth $617,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new position in shares of Domino’s Pizza during the second quarter valued at about $202,680,000. Berkshire Hathaway Inc increased its stake in Domino’s Pizza by 13.2% in the 3rd 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 last quarter. Two Sigma Investments LP increased its stake in Domino’s Pizza by 2,845.4% in the 3rd quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator’s stock valued at $113,982,000 after buying an additional 255,060 shares during the last quarter. Woodline Partners LP lifted its position in shares of Domino’s Pizza by 8,229.8% during the 3rd quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator’s stock worth $104,609,000 after buying an additional 239,405 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Domino’s Pizza in the 3rd quarter worth approximately $80,549,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Evercore reaffirmed an “outperform” rating and set a $510.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 24th. BTIG Research restated a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, February 24th. Piper Sandler reiterated a “neutral” rating and issued a $445.00 price objective on shares of Domino’s Pizza in a research note on Monday, November 24th. Hovde Group set a $460.00 target price on Domino’s Pizza in a research report on Monday, January 5th. Finally, TD Cowen reaffirmed a “hold” rating and set a $460.00 price target on shares of Domino’s Pizza in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $475.71.

Domino’s Pizza Stock Down 0.5%

NASDAQ:DPZ opened at $373.35 on Monday. The business’s 50-day moving average price is $397.84 and its two-hundred day moving average price is $413.33. The stock has a market cap of $12.56 billion, a P/E ratio of 21.25, a PEG ratio of 1.61 and a beta of 1.16. Domino’s Pizza Inc has a twelve month low of $365.10 and a twelve month high of $499.08.

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

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be given a dividend of $1.99 per share. The ex-dividend date is Friday, March 13th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 dividend on an annualized basis and a yield of 2.1%. Domino’s Pizza’s dividend payout ratio (DPR) is 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.