Picton Mahoney Asset Management Buys 8,358 Shares of Domino’s Pizza Inc $DPZ

Picton Mahoney Asset Management lifted its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 40.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,106 shares of the restaurant operator’s stock after acquiring an additional 8,358 shares during the quarter. Picton Mahoney Asset Management’s holdings in Domino’s Pizza were worth $12,564,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Atlantic Union Bankshares Corp purchased a new position in Domino’s Pizza during the 2nd quarter worth $34,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Domino’s Pizza in the 2nd quarter worth $42,000. Westpac Banking Corp grew its position in shares of Domino’s Pizza by 31.2% during the 2nd quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock worth $46,000 after buying an additional 24 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Domino’s Pizza during the second quarter valued at $46,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Domino’s Pizza by 64.2% in the third quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 0.4%

NASDAQ DPZ opened at $406.62 on Thursday. The firm’s fifty day simple moving average is $403.03 and its two-hundred day simple moving average is $418.61. Domino’s Pizza Inc has a 12-month low of $370.70 and a 12-month high of $499.08. The firm has a market capitalization of $13.67 billion, a P/E ratio of 23.14, a P/E/G ratio of 1.76 and a beta of 1.16.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 EPS for the quarter, missing the consensus estimate of $5.38 by ($0.03). The business had revenue of $1.54 billion for the quarter. Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.89 EPS. As a group, sell-side analysts predict that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be issued a $1.99 dividend. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, March 13th. Domino’s Pizza’s dividend payout ratio is 39.61%.

Insiders Place Their Bets

In related news, EVP Kelly E. Garcia sold 4,870 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value of $2,113,872.20. Following the completion of the transaction, the executive vice president directly owned 6,744 shares of the company’s stock, valued at $2,927,300.64. This trade represents a 41.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Sanford C. Bernstein reiterated a “market perform” rating and set a $470.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 24th. William Blair set a $540.00 price objective on shares of Domino’s Pizza in a research note on Monday, February 23rd. Wells Fargo & Company cut their price objective on shares of Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating on the stock in a report on Thursday, January 22nd. Citigroup upped their target price on Domino’s Pizza from $420.00 to $440.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $455.00 price target (down from $535.00) on shares of Domino’s Pizza in a report on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Hold” and a consensus price target of $475.71.

Domino’s Pizza Company 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.