Fairbanks Capital Management Inc. Boosts Stake in Domino’s Pizza Inc $DPZ

Fairbanks Capital Management Inc. boosted its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,277 shares of the restaurant operator’s stock after purchasing an additional 203 shares during the period. Fairbanks Capital Management Inc.’s holdings in Domino’s Pizza were worth $1,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. RMG Wealth Management LLC bought a new stake in shares of Domino’s Pizza during the 2nd quarter worth approximately $25,000. LRI Investments LLC bought a new position in Domino’s Pizza in the 1st quarter valued at $27,000. Zions Bancorporation National Association UT purchased a new stake in Domino’s Pizza in the first quarter worth $27,000. Signature Resources Capital Management LLC bought a new stake in shares of Domino’s Pizza during the second quarter worth $29,000. Finally, Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Domino’s Pizza during the second quarter valued at $31,000. Institutional investors own 94.63% of the company’s stock.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of Domino’s Pizza stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the transaction, the director owned 3,384 shares in the company, valued at $1,527,842.16. The trade was a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DPZ shares. Sanford C. Bernstein upped their price target on shares of Domino’s Pizza from $460.00 to $490.00 and gave the stock a “market perform” rating in a report on Tuesday, July 22nd. Loop Capital lifted their price objective on shares of Domino’s Pizza from $564.00 to $574.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Wells Fargo & Company dropped their target price on shares of Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 8th. Morgan Stanley lifted their price target on shares of Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Finally, Benchmark increased their price objective on Domino’s Pizza from $535.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $490.32.

Domino’s Pizza Stock Down 0.6%

Shares of DPZ stock opened at $407.59 on Tuesday. The firm has a market cap of $13.77 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 2.15 and a beta of 1.09. The company’s 50 day moving average is $426.56 and its 200 day moving average is $451.60. Domino’s Pizza Inc has a 52-week low of $392.89 and a 52-week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.12. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.Domino’s Pizza’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.19 earnings per share. Analysts anticipate that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be given a dividend of $1.74 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.7%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 40.68%.

Domino’s Pizza Company 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.