Aigen Investment Management LP Purchases New Shares in Domino’s Pizza Inc (NASDAQ:DPZ)

Aigen Investment Management LP purchased a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the 1st quarter, HoldingsChannel reports. The firm purchased 3,389 shares of the restaurant operator’s stock, valued at approximately $1,557,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in Domino’s Pizza by 32.9% during the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator’s stock valued at $371,997,000 after purchasing an additional 200,622 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in Domino’s Pizza by 14.5% during the first quarter. Benjamin Edwards Inc. now owns 3,727 shares of the restaurant operator’s stock valued at $1,712,000 after purchasing an additional 472 shares in the last quarter. Cynosure Group LLC lifted its holdings in Domino’s Pizza by 4.5% during the first quarter. Cynosure Group LLC now owns 742 shares of the restaurant operator’s stock valued at $341,000 after purchasing an additional 32 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Domino’s Pizza during the first quarter valued at $27,000. Finally, Townsquare Capital LLC lifted its holdings in Domino’s Pizza by 23.3% during the first quarter. Townsquare Capital LLC now owns 9,440 shares of the restaurant operator’s stock valued at $4,337,000 after purchasing an additional 1,782 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $440.04 on Monday. The stock has a market capitalization of $14.94 billion, a P/E ratio of 25.55, a PEG ratio of 2.41 and a beta of 1.09. The company has a 50 day moving average price of $460.41 and a 200 day moving average price of $465.10. Domino’s Pizza Inc has a fifty-two week low of $396.06 and a fifty-two week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing analysts’ consensus estimates of $3.93 by ($0.12). The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $4.03 EPS. Research analysts forecast that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $1.74 dividend. The ex-dividend date is Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.6%. Domino’s Pizza’s payout ratio is 40.42%.

Analysts Set New Price Targets

Several research firms have issued reports on DPZ. Guggenheim reaffirmed a “neutral” rating on shares of Domino’s Pizza in a report on Thursday, May 15th. Loop Capital raised their price target on shares of Domino’s Pizza from $564.00 to $574.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Wells Fargo & Company raised their price target on shares of Domino’s Pizza from $465.00 to $490.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 22nd. Robert W. Baird raised their price target on shares of Domino’s Pizza from $500.00 to $535.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 23rd. Finally, Morgan Stanley raised their price target on shares of Domino’s Pizza from $510.00 to $514.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $489.67.

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.