Delta Global Management LP Acquires New Position in Domino’s Pizza Inc $DPZ

Delta Global Management LP bought a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,355 shares of the restaurant operator’s stock, valued at approximately $2,312,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Berkshire Hathaway Inc grew its stake in shares of Domino’s Pizza by 13.2% during the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock worth $1,287,335,000 after purchasing an additional 348,077 shares during the period. Principal Financial Group Inc. lifted its stake in Domino’s Pizza by 1.8% in the third quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock valued at $760,939,000 after buying an additional 30,647 shares during the period. Mediolanum International Funds Ltd boosted its holdings in Domino’s Pizza by 209.6% during the third quarter. Mediolanum International Funds Ltd now owns 4,155 shares of the restaurant operator’s stock worth $1,805,000 after buying an additional 2,813 shares during the last quarter. Machina Capital S.A.S. bought a new position in Domino’s Pizza during the third quarter worth about $1,557,000. Finally, Railway Pension Investments Ltd grew its position in shares of Domino’s Pizza by 304.2% during the 3rd quarter. Railway Pension Investments Ltd now owns 9,700 shares of the restaurant operator’s stock worth $4,188,000 after buying an additional 7,300 shares during the period. Institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Hovde Group set a $460.00 price target on Domino’s Pizza in a research note on Monday, January 5th. BMO Capital Markets reissued an “outperform” rating on shares of Domino’s Pizza in a research note on Tuesday, February 24th. Barclays decreased their price objective on shares of Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating for the company in a report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Domino’s Pizza in a report on Monday, December 29th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $470.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $475.71.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $392.27 on Tuesday. Domino’s Pizza Inc has a one year low of $370.70 and a one year high of $499.08. The firm has a market cap of $13.19 billion, a P/E ratio of 22.33, a P/E/G ratio of 1.73 and a beta of 1.16. The stock’s 50-day moving average is $399.88 and its 200-day moving average is $415.65.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). The business had revenue of $1.54 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $4.89 earnings per share. Equities analysts anticipate that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be issued a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.0%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.74. The ex-dividend date is Friday, March 13th. Domino’s Pizza’s dividend payout ratio is currently 45.30%.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.