PDT Partners LLC Takes $13.72 Million Position in Domino’s Pizza Inc $DPZ

PDT Partners LLC purchased a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the 2nd quarter, Holdings Channel reports. The fund purchased 46,354 shares of the restaurant operator’s stock, valued at approximately $13,723,000. Domino’s Pizza makes up 0.7% of PDT Partners LLC’s holdings, making the stock its 29th biggest position.

Other institutional investors also recently bought and sold shares of the company. SHP Wealth Management bought a new position in Domino’s Pizza during the fourth quarter valued at $25,000. Rakuten Securities Inc. bought a new stake in shares of Domino’s Pizza in the 2nd quarter worth about $28,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Domino’s Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 34 shares during the period. Investors Research Corp boosted its stake in shares of Domino’s Pizza by 9,900.0% during the 2nd quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 99 shares during the period. Finally, MBM Wealth Consultants LLC purchased a new position in shares of Domino’s Pizza during the 1st quarter worth about $31,000. 94.63% of the stock is currently owned by institutional investors.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 12,430 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the transaction, the chief executive officer owned 43,829 shares in the company, valued at $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,254 shares of company stock valued at $7,888,924 in the last ninety days. Insiders own 0.89% of the company’s stock.

Domino’s Pizza Trading Up 0.3%

NASDAQ DPZ opened at $349.91 on Wednesday. The stock has a market cap of $11.58 billion, a PE ratio of 19.85, a PEG ratio of 1.68 and a beta of 0.94. Domino’s Pizza Inc has a 12 month low of $282.00 and a 12 month high of $469.00. The company’s 50-day moving average price is $326.86 and its 200-day moving average price is $346.39.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data 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). The company had revenue of $1.19 billion for the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. Domino’s Pizza’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $3.81 EPS. As a group, sell-side analysts forecast that Domino’s Pizza Inc will post 18.88 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $1.99 per share. The ex-dividend date of this dividend 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 (DPR) is 45.15%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DPZ shares. Weiss Ratings lowered shares of Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Northcoast Research dropped their target price on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Jefferies Financial Group cut their target price on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. Wells Fargo & Company increased their price target on Domino’s Pizza from $325.00 to $350.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Finally, UBS Group reissued a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Sixteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $397.42.

Domino’s Pizza 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.