Bayesian Capital Management LP Reduces Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Bayesian Capital Management LP lowered its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 38.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,900 shares of the restaurant operator’s stock after selling 1,200 shares during the period. Bayesian Capital Management LP’s holdings in Domino’s Pizza were worth $798,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of DPZ. Benchstone Capital Management LP purchased a new position in shares of Domino’s Pizza during the 4th quarter valued at approximately $3,444,000. Benjamin Edwards Inc. boosted its stake in Domino’s Pizza by 21.3% during the 4th quarter. Benjamin Edwards Inc. now owns 3,255 shares of the restaurant operator’s stock valued at $1,366,000 after acquiring an additional 571 shares during the last quarter. Berkshire Hathaway Inc grew its holdings in Domino’s Pizza by 86.5% during the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock worth $999,868,000 after acquiring an additional 1,104,744 shares in the last quarter. BLI Banque de Luxembourg Investments bought a new stake in shares of Domino’s Pizza in the 4th quarter worth about $8,416,000. Finally, BNP Paribas acquired a new stake in shares of Domino’s Pizza in the 4th quarter valued at about $1,206,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 1.4 %

Domino’s Pizza stock opened at $477.84 on Tuesday. Domino’s Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $538.44. The stock has a market cap of $16.36 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 2.47 and a beta of 1.15. The company’s 50-day moving average price is $464.68 and its two-hundred day moving average price is $450.85.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping the consensus estimate of $4.12 by $0.21. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.58 earnings per share. Research analysts expect that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $1.74 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 annualized dividend and a yield of 1.46%. Domino’s Pizza’s dividend payout ratio is currently 39.91%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Robert W. Baird boosted their price objective on Domino’s Pizza from $500.00 to $535.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. Loop Capital boosted their price target on Domino’s Pizza from $555.00 to $564.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Bank of America raised their price objective on Domino’s Pizza from $520.00 to $549.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. BTIG Research set a $530.00 target price on shares of Domino’s Pizza and gave the company a “buy” rating in a research note on Monday, April 28th. Finally, TD Securities restated a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $498.50.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Reddy Sandeep sold 399 shares of Domino’s Pizza stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now owns 8,756 shares in the company, valued at approximately $4,046,848.08. The trade was a 4.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the sale, the executive vice president now owns 793 shares of the company’s stock, valued at $346,541. This trade represents a 87.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,996 shares of company stock valued at $3,946,461 over the last three months. Company insiders own 0.83% of the company’s stock.

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.