Caxton Associates LLP Acquires Shares of 2,912 Domino’s Pizza Inc $DPZ

Caxton Associates LLP bought a new position in Domino’s Pizza Inc (NASDAQ:DPZ) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,912 shares of the restaurant operator’s stock, valued at approximately $1,045,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Jump Financial LLC purchased a new position in Domino’s Pizza in the 2nd quarter worth about $3,183,000. Investment Management Corp of Ontario lifted its holdings in Domino’s Pizza by 68.3% during the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock valued at $718,000 after buying an additional 647 shares in the last quarter. Sei Investments Co. boosted its position in Domino’s Pizza by 21.7% in the 2nd quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock valued at $36,480,000 after buying an additional 14,452 shares during the period. Glenview Trust co boosted its position in Domino’s Pizza by 36.9% in the 2nd quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock valued at $511,000 after buying an additional 306 shares during the period. Finally, HUB Investment Partners LLC grew its stake in Domino’s Pizza by 17.3% in the 2nd quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock worth $596,000 after acquiring an additional 195 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DPZ shares. Stifel Nicolaus set a $400.00 target price on shares of Domino’s Pizza in a research report on Monday, April 27th. BMO Capital Markets lowered their price target on Domino’s Pizza from $450.00 to $420.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. BTIG Research reissued a “buy” rating and issued a $425.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Wells Fargo & Company raised their price objective on Domino’s Pizza from $325.00 to $350.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Finally, TD Cowen lifted their target price on Domino’s Pizza from $295.00 to $310.00 and gave the company a “hold” rating in a research report on Monday, July 20th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus price target of $402.16.

Domino’s Pizza News Summary

Here are the key news stories impacting Domino’s Pizza this week:

• Positive Sentiment: Wells Fargo raised its price target on Domino’s Pizza (DPZ) to $350, signaling improved expectations for the stock. Wells Fargo & Company Raises Domino’s Pizza (NASDAQ:DPZ) Price Target to $350.00
• Positive Sentiment: BTIG Research reiterated a Buy rating on Domino’s Pizza, reinforcing a favorable analyst outlook. Domino’s Pizza (NASDAQ:DPZ) Earns Buy Rating from BTIG Research
• Positive Sentiment: Consensus analyst coverage remains supportive, with Domino’s Pizza receiving an average “Moderate Buy” recommendation. Domino’s Pizza Inc (NASDAQ:DPZ) Receives Average Recommendation of “Moderate Buy” from Analysts
• Positive Sentiment: Several articles argue Domino’s may still be undervalued or trading at an attractive earnings multiple after stronger-than-expected Q2 revenue, which can support bullish sentiment. Is Domino’s Pizza (DPZ) Undervalued After Stronger Than Expected Q2 Revenue?
• Neutral Sentiment: A piece on Domino’s trading at a premium to cash flow but a discount to earnings suggests the stock may be fairly valued rather than clearly expensive or cheap. Dominos (DPZ) Stock May Trade At A Premium To Cash Flow But A Discount To Earnings
• Neutral Sentiment: A short-interest update noted zero reported shares and no meaningful days-to-cover reading, so it does not provide a clear new directional signal for the stock.
• Negative Sentiment: Oppenheimer issued a more cautious forecast for Domino’s Pizza, and BMO Capital trimmed its price target to $420, which could temper enthusiasm. Oppenheimer Issues Pessimistic Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price BMO Capital Markets Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $420.00

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 487 shares of the company’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $297.01, for a total transaction of $144,643.87. Following the completion of the sale, the executive vice president directly owned 9,352 shares in the company, valued at $2,777,637.52. This represents a 4.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders sold 1,950 shares of company stock worth $611,451. Corporate insiders own 0.89% of the company’s stock.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $332.97 on Monday. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.62 and a beta of 0.97. The company’s 50 day moving average is $310.79 and its 200 day moving average is $355.07. Domino’s Pizza Inc has a 52-week low of $282.00 and a 52-week high of $486.68.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The business had revenue of $1.19 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business earned $3.81 earnings per share. Analysts anticipate that Domino’s Pizza Inc will post 18.89 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino’s Pizza’s payout ratio is presently 45.15%.

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.