Bristol Gate Capital Partners Inc. Makes New $92.09 Million Investment in Domino’s Pizza Inc (NASDAQ:DPZ)

Bristol Gate Capital Partners Inc. purchased a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 200,425 shares of the restaurant operator’s stock, valued at approximately $92,085,000. Domino’s Pizza makes up approximately 4.5% of Bristol Gate Capital Partners Inc.’s portfolio, making the stock its 11th biggest position. Bristol Gate Capital Partners Inc. owned about 0.59% of Domino’s Pizza as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in DPZ. Nomura Asset Management Co. Ltd. boosted its stake in Domino’s Pizza by 0.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 16,172 shares of the restaurant operator’s stock valued at $6,788,000 after purchasing an additional 83 shares during the period. Orion Portfolio Solutions LLC boosted its stake in Domino’s Pizza by 20.9% during the 4th quarter. Orion Portfolio Solutions LLC now owns 3,166 shares of the restaurant operator’s stock valued at $1,329,000 after purchasing an additional 547 shares during the period. Level Four Advisory Services LLC boosted its stake in Domino’s Pizza by 3.3% during the 4th quarter. Level Four Advisory Services LLC now owns 979 shares of the restaurant operator’s stock valued at $411,000 after purchasing an additional 31 shares during the period. DnB Asset Management AS boosted its stake in Domino’s Pizza by 11.7% during the 4th quarter. DnB Asset Management AS now owns 6,321 shares of the restaurant operator’s stock valued at $2,653,000 after purchasing an additional 663 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its stake in Domino’s Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the period. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $470.05 on Wednesday. The firm has a market cap of $15.96 billion, a price-to-earnings ratio of 27.30, a price-to-earnings-growth ratio of 2.60 and a beta of 1.09. The stock’s 50-day moving average is $464.26 and its 200-day moving average is $463.25. Domino’s Pizza Inc has a one year low of $396.06 and a one year high of $500.55.

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

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $1.74 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $6.96 annualized dividend and a yield of 1.48%. Domino’s Pizza’s dividend payout ratio is 40.42%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Loop Capital boosted their price objective on Domino’s Pizza from $564.00 to $574.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Stephens reissued an “equal weight” rating and issued a $440.00 price target on shares of Domino’s Pizza in a report on Wednesday, April 2nd. Melius began coverage on shares of Domino’s Pizza in a research note on Monday, July 14th. They issued a “hold” rating and a $500.00 price objective for the company. Hsbc Global Res raised shares of Domino’s Pizza to a “strong-buy” rating in a research note on Tuesday, April 22nd. Finally, Citigroup increased their price target on shares of Domino’s Pizza from $480.00 to $500.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.