Longfellow Investment Management Co. LLC Makes New $675,000 Investment in Domino’s Pizza Inc $DPZ

Longfellow Investment Management Co. LLC bought a new position in Domino’s Pizza Inc (NASDAQ:DPZ) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 2,280 shares of the restaurant operator’s stock, valued at approximately $675,000.

Other hedge funds have also recently made changes to their positions in the company. Berkshire Hathaway Inc raised its position in Domino’s Pizza by 12.3% during the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock valued at $1,396,347,000 after purchasing an additional 368,055 shares during the period. Soroban Capital Partners LP purchased a new position in shares of Domino’s Pizza in the 1st quarter worth approximately $895,251,000. T. Rowe Price Investment Management Inc. increased its position in shares of Domino’s Pizza by 0.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock valued at $837,091,000 after purchasing an additional 7,497 shares during the last quarter. State Street Corp increased its position in shares of Domino’s Pizza by 3.8% during the 4th quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator’s stock valued at $570,595,000 after purchasing an additional 49,613 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Domino’s Pizza by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator’s stock valued at $432,033,000 after buying an additional 19,019 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Price Performance

DPZ opened at $346.27 on Monday. The business has a fifty day moving average of $323.57 and a 200 day moving average of $349.67. The stock has a market cap of $11.45 billion, a P/E ratio of 19.64, a PEG ratio of 1.67 and a beta of 0.94. Domino’s Pizza Inc has a 52-week low of $282.00 and a 52-week high of $469.00.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business had revenue of $1.19 billion during the quarter. During the same quarter last year, the firm posted $3.81 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts anticipate that Domino’s Pizza Inc will post 18.88 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

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 issued a $1.99 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.3%. Domino’s Pizza’s dividend payout ratio is presently 45.15%.

Insider Activity

In other Domino’s Pizza news, CEO Russell J. Weiner sold 10,850 shares of the business’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the sale, the chief executive officer directly owned 43,829 shares of the company’s stock, valued at $14,499,948.07. The trade was a 19.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the completion of the transaction, the executive vice president owned 9,352 shares in the company, valued at $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,742 shares of company stock worth $8,041,746 in the last ninety days. 0.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DPZ. Barclays lowered their price target on Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating for the company in a research report on Monday, April 27th. Royal Bank Of Canada boosted their price objective on shares of Domino’s Pizza from $325.00 to $350.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. The Goldman Sachs Group reduced their target price on shares of Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Piper Sandler lowered their target price on shares of Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating for the company in a report on Monday, April 27th. Finally, HSBC dropped their price target on shares of Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $397.42.

About Domino’s Pizza

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.