Pacific Grove Capital LP acquired a new position in shares of Domino’s Pizza (NYSE:DPZ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,400 shares of the restaurant operator’s stock, valued at approximately $3,855,000. Domino’s Pizza makes up about 1.8% of Pacific Grove Capital LP’s investment portfolio, making the stock its 20th biggest holding.
Other large investors have also recently made changes to their positions in the company. First Mercantile Trust Co. acquired a new stake in shares of Domino’s Pizza during the 4th quarter worth approximately $145,000. FNY Partners Fund LP acquired a new stake in shares of Domino’s Pizza during the 3rd quarter worth approximately $158,000. Acadian Asset Management LLC grew its holdings in shares of Domino’s Pizza by 3,482.1% during the 4th quarter. Acadian Asset Management LLC now owns 1,003 shares of the restaurant operator’s stock worth $190,000 after purchasing an additional 975 shares in the last quarter. Synovus Financial Corp acquired a new stake in shares of Domino’s Pizza during the 3rd quarter worth approximately $206,000. Finally, Advisor Partners LLC acquired a new stake in shares of Domino’s Pizza during the 4th quarter worth approximately $231,000. 94.20% of the stock is currently owned by institutional investors.
Several analysts recently commented on the company. Barclays boosted their price target on Domino’s Pizza from $184.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, January 11th. Deutsche Bank boosted their price target on Domino’s Pizza to $220.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Nomura boosted their price target on Domino’s Pizza to $230.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Maxim Group boosted their price target on Domino’s Pizza from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Mizuho assumed coverage on Domino’s Pizza in a research note on Wednesday, January 24th. They issued a “buy” rating and a $250.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $232.00.
Domino’s Pizza (DPZ) opened at $229.79 on Friday. The company has a debt-to-equity ratio of -1.14, a current ratio of 1.46 and a quick ratio of 1.36. Domino’s Pizza has a 52-week low of $166.74 and a 52-week high of $236.00. The stock has a market capitalization of $9,885.11, a price-to-earnings ratio of 39.28, a price-to-earnings-growth ratio of 1.91 and a beta of 0.43.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $2.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.15. Domino’s Pizza had a negative return on equity of 12.02% and a net margin of 9.97%. The firm had revenue of $891.50 million during the quarter, compared to the consensus estimate of $904.79 million. During the same quarter in the previous year, the company posted $1.48 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. equities research analysts expect that Domino’s Pizza will post 7.93 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be given a $0.55 dividend. This is an increase from Domino’s Pizza’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.20 annualized dividend and a yield of 0.96%. Domino’s Pizza’s payout ratio is presently 37.61%.
Domino’s Pizza declared that its Board of Directors has initiated a stock buyback plan on Tuesday, February 20th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the restaurant operator to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Domino’s Pizza Company Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
Want to see what other hedge funds are holding DPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domino’s Pizza (NYSE:DPZ).
Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.