Kennon Green & Company LLC Invests $1.16 Million in Domino’s Pizza Inc $DPZ

Kennon Green & Company LLC bought a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,770 shares of the restaurant operator’s stock, valued at approximately $1,155,000. Domino’s Pizza accounts for about 0.9% of Kennon Green & Company LLC’s investment portfolio, making the stock its 26th biggest position.

Other hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc boosted its position in shares of Domino’s Pizza by 55.4% during the 4th quarter. CIBC Asset Management Inc now owns 7,507 shares of the restaurant operator’s stock worth $3,129,000 after acquiring an additional 2,676 shares in the last quarter. Bridges Investment Management Inc. increased its stake in Domino’s Pizza by 5.2% in the fourth quarter. Bridges Investment Management Inc. now owns 6,482 shares of the restaurant operator’s stock valued at $2,702,000 after acquiring an additional 318 shares during the last quarter. Natixis Advisors LLC increased its stake in Domino’s Pizza by 17.1% in the fourth quarter. Natixis Advisors LLC now owns 35,645 shares of the restaurant operator’s stock valued at $14,858,000 after acquiring an additional 5,213 shares during the last quarter. AXQ Capital LP bought a new position in Domino’s Pizza in the fourth quarter valued at approximately $1,538,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in Domino’s Pizza by 1.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 13,541 shares of the restaurant operator’s stock valued at $5,644,000 after acquiring an additional 166 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DPZ shares. Mizuho decreased their price objective on shares of Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Piper Sandler decreased their price objective on shares of Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Rothschild & Co Redburn decreased their price objective on shares of Domino’s Pizza from $340.00 to $290.00 in a research note on Monday, May 11th. BMO Capital Markets decreased their price objective on shares of Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Finally, Loop Capital decreased their price objective on shares of Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Domino’s Pizza has an average rating of “Hold” and a consensus target price of $418.13.

Domino’s Pizza Price Performance

Shares of NASDAQ:DPZ opened at $306.77 on Thursday. The company has a market cap of $10.20 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.42 and a beta of 0.97. The firm has a 50 day simple moving average of $341.11 and a 200 day simple moving average of $383.80. Domino’s Pizza Inc has a one year low of $297.48 and a one year high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.16). The company had revenue of $1.15 billion during the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. Domino’s Pizza’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $4.33 earnings per share. As a group, analysts expect that Domino’s Pizza Inc will post 19.14 EPS for the current year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $1.99 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 annualized dividend and a yield of 2.6%. Domino’s Pizza’s dividend payout ratio is presently 45.83%.

Insider Buying and Selling

In related news, EVP Kelly E. Garcia sold 488 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $313.16, for a total value of $152,822.08. Following the completion of the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,928,672.32. This represents a 4.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.89% of the stock is currently owned by insiders.

About Domino’s Pizza

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.