Kinsale Capital Group Inc. Purchases 25,339 Shares of Domino’s Pizza Inc $DPZ

Kinsale Capital Group Inc. purchased a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 25,339 shares of the restaurant operator’s stock, valued at approximately $7,592,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Soroban Capital Partners LP acquired a new position in Domino’s Pizza in the first quarter valued at $895,251,000. BlackRock Inc. purchased a new position in shares of Domino’s Pizza during the second quarter worth about $715,704,000. Van ECK Associates Corp increased its position in shares of Domino’s Pizza by 937,192.2% during the second quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator’s stock worth $141,513,000 after purchasing an additional 477,968 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Domino’s Pizza by 247.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock worth $189,171,000 after purchasing an additional 375,709 shares in the last quarter. Finally, London Co. of Virginia acquired a new stake in shares of Domino’s Pizza during the first quarter worth about $129,253,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Price Performance

Shares of NASDAQ:DPZ opened at $334.18 on Tuesday. Domino’s Pizza Inc has a 1-year low of $282.00 and a 1-year high of $442.35. The stock has a market cap of $10.99 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.57 and a beta of 0.95. The firm has a fifty day moving average price of $312.97 and a 200 day moving average price of $341.28.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Tuesday, October 13th. The restaurant operator reported $4.60 EPS for the quarter, beating analysts’ consensus estimates of $4.33 by $0.27. The company had revenue of $1.19 billion for the quarter. Domino’s Pizza had a net margin of 12.03% and a negative return on equity of 15.48%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.08 earnings per share. Sell-side analysts expect that Domino’s Pizza Inc will post 19.10 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be paid a dividend of $1.99 per share. The ex-dividend date is Tuesday, December 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.4%. Domino’s Pizza’s dividend payout ratio is 43.86%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DPZ. BMO Capital Markets reissued an “outperform” rating on shares of Domino’s Pizza in a report on Wednesday, October 14th. Wells Fargo & Company dropped their price target on Domino’s Pizza from $350.00 to $320.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 14th. Oppenheimer dropped their price target on Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Gordon Haskett lowered Domino’s Pizza from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 14th. Finally, Guggenheim reduced their price objective on Domino’s Pizza from $440.00 to $325.00 and set a “neutral” rating for the company in a research note on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $380.87.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc is a global pizza company that operates and franchises restaurants specializing in delivery and carryout. Its menu includes pizzas, chicken wings, sandwiches, pasta, bread sides, desserts and beverages, with offerings varying by location.

The company traces its roots to a pizza shop opened in Ypsilanti, Michigan, in 1960. It adopted the Domino’s Pizza name in 1965 and has since grown through a predominantly franchised business model, serving customers in the United States and international markets.

Domino’s is headquartered in Ann Arbor, Michigan.