Perbak Capital Partners LLP Boosts Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Perbak Capital Partners LLP lifted its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 14.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,571 shares of the restaurant operator’s stock after acquiring an additional 452 shares during the quarter. Perbak Capital Partners LLP’s holdings in Domino’s Pizza were worth $1,499,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC increased its stake in Domino’s Pizza by 278.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock valued at $4,643,000 after buying an additional 8,136 shares during the period. Empowered Funds LLC lifted its holdings in shares of Domino’s Pizza by 44.6% during the 4th quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock worth $2,398,000 after acquiring an additional 1,762 shares during the period. Alta Capital Management LLC increased its position in Domino’s Pizza by 20.5% during the 4th quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator’s stock worth $2,999,000 after purchasing an additional 1,214 shares in the last quarter. Principal Financial Group Inc. increased its position in Domino’s Pizza by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after purchasing an additional 21,705 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Domino’s Pizza during the 4th quarter worth approximately $282,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Activity at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 5,416 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the transaction, the executive vice president now owns 793 shares in the company, valued at $346,541. This represents a 87.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Reddy Sandeep sold 399 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the completion of the sale, the executive vice president now directly owns 8,756 shares of the company’s stock, valued at approximately $4,046,848.08. This trade represents a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,996 shares of company stock valued at $3,946,461. Company insiders own 0.83% of the company’s stock.

Domino’s Pizza Stock Performance

NASDAQ DPZ opened at $490.64 on Tuesday. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75. The company’s 50 day moving average price is $462.91 and its 200 day moving average price is $448.85. The firm has a market capitalization of $16.83 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly 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. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. During the same quarter in the previous year, the business earned $3.58 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Sell-side analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.42%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date was Friday, March 14th. Domino’s Pizza’s payout ratio is presently 41.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DPZ. Guggenheim upped their target price on shares of Domino’s Pizza from $450.00 to $460.00 and gave the company a “neutral” rating in a research note on Tuesday, April 22nd. BTIG Research set a $530.00 price target on Domino’s Pizza and gave the company a “buy” rating in a research report on Monday. Morgan Stanley decreased their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Benchmark reaffirmed a “buy” rating and issued a $520.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. Finally, TD Cowen restated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $500.68.

Domino’s Pizza 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.