KG&L Capital Management LLC Raises Position in Domino’s Pizza Inc (NASDAQ:DPZ)

KG&L Capital Management LLC increased its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 15.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,992 shares of the restaurant operator’s stock after purchasing an additional 267 shares during the period. KG&L Capital Management LLC’s holdings in Domino’s Pizza were worth $915,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc lifted its holdings in shares of Domino’s Pizza by 86.5% in the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after buying an additional 1,104,744 shares during the period. Geode Capital Management LLC increased its holdings in shares of Domino’s Pizza by 10.7% in the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock valued at $403,203,000 after purchasing an additional 92,389 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Domino’s Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after purchasing an additional 191,752 shares in the last quarter. Norges Bank acquired a new stake in shares of Domino’s Pizza in the fourth quarter valued at about $250,571,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Domino’s Pizza by 1.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 410,467 shares of the restaurant operator’s stock worth $172,298,000 after buying an additional 5,762 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Activity at Domino’s Pizza

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 stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the sale, the executive vice president now directly owns 8,756 shares in the company, valued at $4,046,848.08. The trade was a 4.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.83% of the stock is currently owned by insiders.

Domino’s Pizza Stock Down 1.5%

Shares of DPZ opened at $453.13 on Thursday. The firm has a market cap of $15.52 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 2.62 and a beta of 1.11. The company’s fifty day moving average is $473.26 and its two-hundred day moving average is $457.73. Domino’s Pizza Inc has a fifty-two week low of $396.06 and a fifty-two week high of $526.66.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $0.21. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Domino’s Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. 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 business earned $3.58 earnings per share. As a group, equities research analysts anticipate that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Friday, June 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.91%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DPZ shares. Loop Capital lifted their price target on shares of Domino’s Pizza from $555.00 to $564.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. Argus reiterated a “hold” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, April 29th. Morgan Stanley raised their target price on shares of Domino’s Pizza from $492.00 to $510.00 and gave the company an “overweight” rating in a report on Tuesday, April 29th. Guggenheim reaffirmed a “neutral” rating on shares of Domino’s Pizza in a report on Thursday, May 15th. Finally, Redburn Atlantic started coverage on shares of Domino’s Pizza in a research note on Tuesday, June 10th. They set a “sell” rating and a $340.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $487.17.

About Domino’s Pizza

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.