Woodline Partners LP Raises Stock Holdings in Domino’s Pizza Inc $DPZ

Woodline Partners LP boosted its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 237.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,704 shares of the restaurant operator’s stock after purchasing an additional 60,337 shares during the quarter. Woodline Partners LP owned approximately 0.25% of Domino’s Pizza worth $39,377,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its position in Domino’s Pizza by 3.1% during the first quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator’s stock worth $799,897,000 after purchasing an additional 53,124 shares in the last quarter. Invesco Ltd. boosted its position in Domino’s Pizza by 32.9% during the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator’s stock worth $371,997,000 after purchasing an additional 200,622 shares in the last quarter. Northern Trust Corp boosted its position in Domino’s Pizza by 13.9% during the first quarter. Northern Trust Corp now owns 450,302 shares of the restaurant operator’s stock worth $206,891,000 after purchasing an additional 54,909 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position 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 purchasing an additional 5,762 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Domino’s Pizza by 9.0% during the first quarter. Envestnet Asset Management Inc. now owns 402,412 shares of the restaurant operator’s stock worth $184,888,000 after purchasing an additional 33,105 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DPZ shares. Royal Bank Of Canada downgraded Domino’s Pizza from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $550.00 to $500.00 in a research report on Tuesday, July 29th. Redburn Atlantic assumed coverage on Domino’s Pizza in a report on Tuesday, June 10th. They set a “sell” rating and a $340.00 target price for the company. Morgan Stanley increased their target price on Domino’s Pizza from $510.00 to $514.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Loop Capital increased their target price on Domino’s Pizza from $564.00 to $574.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Finally, UBS Group reissued a “buy” rating and set a $540.00 target price on shares of Domino’s Pizza in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $490.78.

Insider Activity at Domino’s Pizza

In related news, Director James A. Goldman sold 1,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the sale, the director owned 3,384 shares of the company’s stock, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.83% of the company’s stock.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $458.97 on Wednesday. Domino’s Pizza Inc has a one year low of $396.06 and a one year high of $500.55. The stock has a market cap of $15.58 billion, a PE ratio of 26.65, a P/E/G ratio of 2.55 and a beta of 1.09. The stock has a 50 day moving average price of $459.49 and a 200 day moving average price of $464.01.

Domino’s Pizza (NASDAQ:DPZ) last posted 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 during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the business posted $4.03 EPS. Domino’s Pizza’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, analysts predict that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared 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. This represents a $6.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 40.42%.

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.