Maverick Capital Ltd. Buys Shares of 25,349 Domino's Pizza Inc $DPZ

Key Points

• Maverick Capital Ltd. acquired a new position in Domino's Pizza by purchasing 25,349 shares worth approximately $11.6 million, representing about 0.07% of the company.
• Analysts have boosted their price targets for Domino's Pizza, with Benchmark setting a new target of $540, while UBS reiterated a "buy" rating at the same price point.
• Domino's Pizza recently announced a quarterly dividend of $1.74 per share, yielding 1.5%, with payments set to be made on September 30th for investors of record as of September 15th.

Maverick Capital Ltd. bought a new stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,349 shares of the restaurant operator's stock, valued at approximately $11,647,000. Maverick Capital Ltd. owned 0.07% of Domino's Pizza at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Alpine Bank Wealth Management purchased a new stake in Domino's Pizza during the 1st quarter valued at about $25,000. LRI Investments LLC bought a new position in Domino's Pizza during the 1st quarter valued at approximately $27,000. Zions Bancorporation National Association UT bought a new position in Domino's Pizza during the 1st quarter valued at approximately $27,000. Wood Tarver Financial Group LLC bought a new position in Domino's Pizza during the 4th quarter valued at approximately $25,000. Finally, SVB Wealth LLC bought a new position in Domino's Pizza during the 1st quarter valued at approximately $36,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino's Pizza Stock Performance

Shares of Domino's Pizza stock traded up $1.23 during midday trading on Friday, hitting $463.83. The company had a trading volume of 329,250 shares, compared to its average volume of 588,679. The stock has a market capitalization of $15.75 billion, a P/E ratio of 26.94, a P/E/G ratio of 2.53 and a beta of 1.09. The company has a 50 day moving average of $459.15 and a 200 day moving average of $464.15. Domino's Pizza Inc has a 52-week low of $396.06 and a 52-week high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing the consensus estimate of $3.93 by ($0.12). The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The business's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.03 EPS. Equities research analysts forecast that Domino's Pizza Inc will post 16.74 EPS for the current 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 paid a $1.74 dividend. The ex-dividend date is Monday, September 15th. This represents a $6.96 annualized dividend and a dividend yield of 1.5%. Domino's Pizza's dividend payout ratio is presently 40.42%.

Insider Buying and Selling at Domino's Pizza

In related news, Director James A. Goldman sold 1,000 shares of the company's 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 sale, the director owned 3,384 shares in the company, valued at $1,527,842.16. This represents a 22.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DPZ has been the subject of a number of recent analyst reports. Benchmark upped their price target on Domino's Pizza from $535.00 to $540.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company upped their price target on Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 22nd. Guggenheim upped their price target on Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a research report on Wednesday, August 27th. Melius initiated coverage on Domino's Pizza in a research report on Monday, July 14th. They set a "hold" rating and a $500.00 price target for the company. Finally, Loop Capital upped their price target 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. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Domino's Pizza presently has an average rating of "Moderate Buy" and an average target price of $490.78.

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.