Armistice Capital LLC Takes Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Armistice Capital LLC bought a new stake in Domino’s Pizza, Inc. (NYSE:DPZ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 55,519 shares of the restaurant operator’s stock, valued at approximately $22,887,000. Armistice Capital LLC owned approximately 0.16% of Domino’s Pizza as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC bought a new position in shares of Domino’s Pizza during the 4th quarter valued at about $25,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Domino’s Pizza by 127.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Domino’s Pizza by 41.8% during the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 33 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Domino’s Pizza during the 3rd quarter valued at about $49,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Domino’s Pizza by 67.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 149 shares of the restaurant operator’s stock valued at $56,000 after purchasing an additional 60 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Stock Performance

NYSE:DPZ traded down $1.74 during trading hours on Wednesday, reaching $519.24. The stock had a trading volume of 97,421 shares, compared to its average volume of 556,820. The stock has a 50 day simple moving average of $503.98 and a 200 day simple moving average of $449.31. Domino’s Pizza, Inc. has a 12-month low of $291.28 and a 12-month high of $542.75. The stock has a market cap of $18.11 billion, a P/E ratio of 33.84, a price-to-earnings-growth ratio of 2.58 and a beta of 0.85.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the business posted $2.93 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts expect that Domino’s Pizza, Inc. will post 16 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, June 14th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Insider Activity

In other news, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the transaction, the executive vice president now directly owns 4,103 shares in the company, valued at $1,852,586.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the sale, the executive vice president now owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the sale, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,401 shares of company stock worth $6,995,948. 0.81% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on DPZ. Argus boosted their target price on Domino’s Pizza from $580.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. BTIG Research boosted their target price on Domino’s Pizza from $515.00 to $580.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Stephens boosted their target price on Domino’s Pizza from $479.00 to $513.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. HSBC boosted their target price on Domino’s Pizza from $507.00 to $583.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Finally, BMO Capital Markets boosted their price target on Domino’s Pizza from $535.00 to $575.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.46.

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.