Bayforest Capital Ltd Boosts Position in Domino’s Pizza Inc $DPZ

Bayforest Capital Ltd boosted its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 736.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 276 shares of the restaurant operator’s stock after purchasing an additional 243 shares during the quarter. Bayforest Capital Ltd’s holdings in Domino’s Pizza were worth $124,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Alpine Bank Wealth Management acquired a new position in shares of Domino’s Pizza in the first quarter worth $25,000. RMG Wealth Management LLC acquired a new position in shares of Domino’s Pizza in the second quarter worth $25,000. LRI Investments LLC acquired a new position in shares of Domino’s Pizza in the first quarter worth $27,000. Zions Bancorporation National Association UT acquired a new position in shares of Domino’s Pizza in the first quarter worth $27,000. Finally, Signature Resources Capital Management LLC acquired a new position in shares of Domino’s Pizza in the second quarter worth $29,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DPZ shares. Guggenheim boosted their price target on Domino’s Pizza from $485.00 to $490.00 and gave the stock a “neutral” rating in a report on Wednesday, August 27th. Bank of America boosted their price target on Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday. Piper Sandler cut their price target on Domino’s Pizza from $477.00 to $443.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Melius began coverage on Domino’s Pizza in a research note on Monday, July 14th. They issued a “hold” rating and a $500.00 target price for the company. Finally, Loop Capital upped their target price on Domino’s Pizza from $564.00 to $574.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $489.92.

Domino’s Pizza Trading Down 0.2%

Domino’s Pizza stock opened at $416.26 on Friday. The firm has a market capitalization of $14.07 billion, a P/E ratio of 24.33, a PEG ratio of 2.20 and a beta of 1.12. The stock has a fifty day moving average price of $439.25 and a 200 day moving average price of $457.46. Domino’s Pizza Inc has a 52 week low of $397.12 and a 52 week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, topping the consensus estimate of $3.96 by $0.12. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $4.19 earnings per share. As a group, equities analysts predict that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be paid a dividend of $1.74 per share. The ex-dividend date is Monday, December 15th. This represents a $6.96 annualized dividend and a yield of 1.7%. Domino’s Pizza’s dividend payout ratio is currently 40.68%.

Insider Buying and Selling

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the sale, the director directly owned 3,384 shares in the company, valued at $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.83% of the stock is owned by corporate insiders.

Domino’s Pizza Profile

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.