Adelphi Trust Co Invests $688,000 in Domino’s Pizza Inc $DPZ

Adelphi Trust Co acquired a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,650 shares of the restaurant operator’s stock, valued at approximately $688,000.

A number of other hedge funds also recently bought and sold shares of DPZ. Berkshire Hathaway Inc increased its position in Domino’s Pizza by 13.2% during 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 acquiring an additional 348,077 shares during the last quarter. Two Sigma Investments LP grew its holdings in Domino’s Pizza by 2,845.4% during the third quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator’s stock valued at $113,982,000 after purchasing an additional 255,060 shares during the period. Woodline Partners LP grew its holdings in Domino’s Pizza by 8,229.8% during the third quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator’s stock valued at $104,609,000 after purchasing an additional 239,405 shares during the period. Marshall Wace LLP bought a new stake in Domino’s Pizza during the third quarter valued at about $80,549,000. Finally, Champlain Investment Partners LLC grew its holdings in Domino’s Pizza by 93.2% during the third quarter. Champlain Investment Partners LLC now owns 302,537 shares of the restaurant operator’s stock valued at $130,608,000 after purchasing an additional 145,919 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DPZ has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating on shares of Domino’s Pizza in a research note on Monday, February 23rd. JPMorgan Chase & Co. raised Domino’s Pizza from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $460.00 to $450.00 in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Domino’s Pizza in a research note on Friday, March 27th. UBS Group dropped their price objective on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Guggenheim dropped their price objective on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $471.79.

Domino’s Pizza Trading Down 0.3%

Shares of Domino’s Pizza stock opened at $368.07 on Thursday. The stock has a 50 day moving average of $383.27 and a 200 day moving average of $403.79. Domino’s Pizza Inc has a 12 month low of $346.31 and a 12 month high of $499.08. The firm has a market cap of $12.38 billion, a PE ratio of 20.95, a PEG ratio of 1.59 and a beta of 1.18.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 EPS 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 firm had revenue of $1.54 billion for the quarter. During the same period in the previous year, the firm posted $4.89 earnings per share. The company’s revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts forecast that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 13th were paid a dividend of $1.99 per share. The ex-dividend date of this dividend was Friday, March 13th. This is a boost 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 2.2%. Domino’s Pizza’s dividend 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.