Delta Global Management LP Grows Position in Domino’s Pizza Inc $DPZ

Delta Global Management LP grew its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 1,139.2% during the first quarter, HoldingsChannel.com reports. The fund owned 67,771 shares of the restaurant operator’s stock after acquiring an additional 62,302 shares during the quarter. Domino’s Pizza comprises 2.0% of Delta Global Management LP’s investment portfolio, making the stock its 16th biggest position. Delta Global Management LP’s holdings in Domino’s Pizza were worth $24,316,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. SHP Wealth Management purchased a new position in shares of Domino’s Pizza in the fourth quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in Domino’s Pizza by 97.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 34 shares in the last quarter. MBM Wealth Consultants LLC bought a new position in Domino’s Pizza during the first quarter valued at $31,000. Cornerstone Planning Group LLC lifted its position in Domino’s Pizza by 450.0% during the first quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock valued at $33,000 after purchasing an additional 81 shares during the last quarter. Finally, Johnson Financial Group Inc. grew its stake in shares of Domino’s Pizza by 200.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after buying an additional 56 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DPZ has been the subject of a number of analyst reports. Gordon Haskett lowered their price target on shares of Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. The Goldman Sachs Group reduced their price objective on Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. TD Cowen upped their price objective on Domino’s Pizza from $295.00 to $310.00 and gave the company a “hold” rating in a research report on Monday, July 20th. KeyCorp reaffirmed a “sector weight” rating on shares of Domino’s Pizza in a research note on Tuesday. Finally, Wells Fargo & Company lifted their target price 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. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $402.16.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total value of $152,822.08. Following the sale, the executive vice president owned 9,352 shares in the company, valued at $2,928,672.32. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 1,950 shares of company stock valued at $611,451. Corporate insiders own 0.89% of the company’s stock.

More Domino’s Pizza News

Here are the key news stories impacting Domino’s Pizza this week:

• Positive Sentiment: Wells Fargo raised its price target on Domino’s Pizza (DPZ) to $350, signaling improved expectations for the stock. Wells Fargo & Company Raises Domino’s Pizza (NASDAQ:DPZ) Price Target to $350.00
• Positive Sentiment: BTIG Research reiterated a Buy rating on Domino’s Pizza, reinforcing a favorable analyst outlook. Domino’s Pizza (NASDAQ:DPZ) Earns Buy Rating from BTIG Research
• Positive Sentiment: Consensus analyst coverage remains supportive, with Domino’s Pizza receiving an average “Moderate Buy” recommendation. Domino’s Pizza Inc (NASDAQ:DPZ) Receives Average Recommendation of “Moderate Buy” from Analysts
• Positive Sentiment: Several articles argue Domino’s may still be undervalued or trading at an attractive earnings multiple after stronger-than-expected Q2 revenue, which can support bullish sentiment. Is Domino’s Pizza (DPZ) Undervalued After Stronger Than Expected Q2 Revenue?
• Neutral Sentiment: A piece on Domino’s trading at a premium to cash flow but a discount to earnings suggests the stock may be fairly valued rather than clearly expensive or cheap. Dominos (DPZ) Stock May Trade At A Premium To Cash Flow But A Discount To Earnings
• Neutral Sentiment: A short-interest update noted zero reported shares and no meaningful days-to-cover reading, so it does not provide a clear new directional signal for the stock.
• Negative Sentiment: Oppenheimer issued a more cautious forecast for Domino’s Pizza, and BMO Capital trimmed its price target to $420, which could temper enthusiasm. Oppenheimer Issues Pessimistic Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price BMO Capital Markets Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $420.00

Domino’s Pizza Trading Up 3.0%

Shares of NASDAQ:DPZ opened at $332.97 on Friday. The company has a market capitalization of $11.01 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.62 and a beta of 0.97. Domino’s Pizza Inc has a 12 month low of $282.00 and a 12 month high of $486.68. The firm’s 50-day moving average is $310.79 and its 200 day moving average is $355.47.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm had revenue of $1.19 billion during the quarter. During the same period in the prior year, the firm posted $3.81 earnings per share. Domino’s Pizza’s revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts forecast that Domino’s Pizza Inc will post 18.89 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $1.99 dividend. This represents a $7.96 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio is 45.15%.

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.