iSAM Funds UK Ltd Purchases New Shares in Domino’s Pizza Inc $DPZ

iSAM Funds UK Ltd acquired a new position in Domino’s Pizza Inc (NASDAQ:DPZ) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,978 shares of the restaurant operator’s stock, valued at approximately $891,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DPZ. Ossiam boosted its position in Domino’s Pizza by 143.6% during the 2nd quarter. Ossiam now owns 626 shares of the restaurant operator’s stock valued at $282,000 after acquiring an additional 369 shares in the last quarter. Bank of Nova Scotia lifted its stake in shares of Domino’s Pizza by 1,891.7% in the 2nd quarter. Bank of Nova Scotia now owns 71,920 shares of the restaurant operator’s stock valued at $32,400,000 after purchasing an additional 68,309 shares during the period. Baker Avenue Asset Management LP lifted its stake in shares of Domino’s Pizza by 1.6% in the 2nd quarter. Baker Avenue Asset Management LP now owns 3,331 shares of the restaurant operator’s stock valued at $1,501,000 after purchasing an additional 52 shares during the period. Federated Hermes Inc. boosted its position in shares of Domino’s Pizza by 35.4% during the second quarter. Federated Hermes Inc. now owns 93,173 shares of the restaurant operator’s stock valued at $41,984,000 after purchasing an additional 24,363 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in Domino’s Pizza in the second quarter worth $3,183,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $417.19 on Wednesday. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. Domino’s Pizza Inc has a one year low of $392.89 and a one year high of $500.55. The company’s 50-day moving average is $413.40 and its 200 day moving average is $440.98.

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

Domino’s Pizza Dividend Announcement

The firm also recently announced 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. This represents a $6.96 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, December 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 40.68%.

Wall Street Analyst Weigh In

Several equities analysts have commented on DPZ shares. Morgan Stanley raised their price objective on Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Citigroup decreased their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Bank of America boosted their price objective on shares of Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada cut their price objective on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 15th. Finally, Wells Fargo & Company decreased their target price on shares of Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $490.40.

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.