Landscape Capital Management L.L.C. Buys Shares of 4,269 Domino’s Pizza Inc $DPZ

Landscape Capital Management L.L.C. purchased a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,269 shares of the restaurant operator’s stock, valued at approximately $1,264,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Amica Mutual Insurance Co. lifted its position in Domino’s Pizza by 59.8% during the 4th quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock worth $6,909,000 after buying an additional 6,203 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Domino’s Pizza by 10.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock worth $28,544,000 after buying an additional 6,223 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Domino’s Pizza by 21,977.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock valued at $381,254,000 after acquiring an additional 910,529 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Domino’s Pizza by 18.0% in the 4th quarter. Fisher Asset Management LLC now owns 34,632 shares of the restaurant operator’s stock valued at $14,436,000 after acquiring an additional 5,282 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Domino’s Pizza by 5.2% in the first quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator’s stock valued at $160,817,000 after acquiring an additional 22,320 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $341.85 on Monday. Domino’s Pizza Inc has a 52-week low of $282.00 and a 52-week high of $469.00. The stock has a market cap of $11.31 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.65 and a beta of 0.94. The firm’s 50-day moving average is $325.62 and its 200-day moving average is $347.13.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results 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 for the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.81 EPS. Sell-side analysts predict that Domino’s Pizza Inc will post 18.88 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s payout ratio is currently 45.15%.

Analyst Upgrades and Downgrades

DPZ has been the topic of several analyst reports. Citigroup dropped their target price on Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. Robert W. Baird decreased their price target on Domino’s Pizza from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Tuesday, June 23rd. Gordon Haskett lowered their price target on Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Finally, Northcoast Research cut their price objective on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus target price of $397.42.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 12,430 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the sale, the executive vice president owned 9,352 shares in the company, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Russell J. Weiner sold 10,850 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer directly owned 43,829 shares of the company’s stock, valued at $14,499,948.07. This represents a 19.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,254 shares of company stock valued at $7,888,924 over the last quarter. 0.89% of the stock is currently owned by corporate insiders.

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.