FNY Investment Advisers LLC Purchases Shares of 2,400 Domino’s Pizza Inc $DPZ

FNY Investment Advisers LLC purchased a new position in Domino’s Pizza Inc (NASDAQ:DPZ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,400 shares of the restaurant operator’s stock, valued at approximately $1,000,000.

A number of other hedge funds have also recently modified their holdings of DPZ. Berkshire Hathaway Inc boosted its holdings in shares of 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 worth $1,287,335,000 after purchasing an additional 348,077 shares during the period. Two Sigma Investments LP increased its holdings in Domino’s Pizza by 2,845.4% during the 3rd 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 increased its holdings in 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 valued at $104,609,000 after purchasing an additional 239,405 shares during the period. Marshall Wace LLP bought a new position in Domino’s Pizza during the 3rd quarter valued at approximately $80,549,000. Finally, Champlain Investment Partners LLC raised its position in Domino’s Pizza by 93.2% during the 3rd 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 last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

DPZ stock opened at $370.82 on Friday. Domino’s Pizza Inc has a fifty-two week low of $346.31 and a fifty-two week high of $499.08. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18. The business’s 50 day moving average price is $389.93 and its two-hundred day moving average price is $407.80.

Domino’s Pizza (NASDAQ:DPZ) last released its 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). The firm had revenue of $1.54 billion during the quarter. Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.89 EPS. Sell-side analysts forecast that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 13th were given a dividend of $1.99 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, March 13th. Domino’s Pizza’s payout ratio is 45.30%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DPZ shares. William Blair set a $540.00 price objective on Domino’s Pizza in a research report on Monday, February 23rd. Morgan Stanley restated an “equal weight” rating and set a $455.00 target price (down from $535.00) on shares of Domino’s Pizza in a report on Tuesday, January 20th. Barclays upgraded shares of Domino’s Pizza from a “strong sell” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company reduced their price objective on shares of Domino’s Pizza from $430.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, BTIG Research restated a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, February 24th. Two 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 given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $475.93.

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.