5,658 Shares of Domino's Pizza Inc $DPZ Purchased by Titan Investment Management LLC

Key Points

• Titan Investment Management acquired 5,658 Domino’s shares worth approximately $1.7 million in the third quarter, making DPZ about 1.3% of its portfolio. Institutional investors collectively own 94.63% of the company.
• Domino’s reported quarterly EPS of $4.60, exceeding the $4.33 consensus estimate, while revenue rose 3.4% year over year to $1.19 billion.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $380.87. The company also declared a quarterly dividend of $1.99 per share, implying a 2.5% annual yield.

Titan Investment Management LLC acquired a new stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,658 shares of the restaurant operator's stock, valued at approximately $1,695,000. Domino's Pizza comprises about 1.3% of Titan Investment Management LLC's portfolio, making the stock its 28th largest position.

A number of other large investors also recently bought and sold shares of DPZ. Royal Bank of Canada lifted its holdings in shares of Domino's Pizza by 5.2% in the 1st quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator's stock worth $160,817,000 after acquiring an additional 22,320 shares during the last quarter. Andra AP fonden boosted its holdings in Domino's Pizza by 904.5% in the second quarter. Andra AP fonden now owns 15,790 shares of the restaurant operator's stock valued at $4,674,000 after purchasing an additional 14,218 shares during the period. Nykredit A S acquired a new position in shares of Domino's Pizza during the second quarter worth about $4,015,000. Pictet Asset Management Holding SA grew its holdings in Domino's Pizza by 85.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 27,942 shares of the restaurant operator's stock worth $10,023,000 after acquiring an additional 12,839 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Domino's Pizza by 28.7% during the first quarter. Sei Investments Co. now owns 105,424 shares of the restaurant operator's stock worth $37,827,000 after purchasing an additional 23,498 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group reaffirmed a "buy" rating on shares of Domino's Pizza in a report on Monday, October 5th. Seaport Research Partners started coverage on Domino's Pizza in a report on Wednesday, September 16th. They issued a "neutral" rating on the stock. Loop Capital reaffirmed a "hold" rating and issued a $353.00 price objective on shares of Domino's Pizza in a report on Monday, August 10th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Domino's Pizza in a research note on Wednesday, August 26th. Finally, Gordon Haskett cut shares of Domino's Pizza from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $380.87.

Domino's Pizza Stock Up 2.1%

NASDAQ DPZ opened at $317.70 on Friday. Domino's Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $442.35. The stock has a market cap of $10.45 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.44 and a beta of 0.94. The business has a fifty day moving average of $317.51 and a 200-day moving average of $324.93.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.33 by $0.27. Domino's Pizza had a negative return on equity of 15.48% and a net margin of 12.03%. The business had revenue of $1.19 billion for the quarter. During the same quarter in the prior year, the company earned $4.08 earnings per share. The firm's revenue was up 3.4% compared to the same quarter last year. As a group, analysts anticipate that Domino's Pizza Inc will post 19.04 EPS for the current year.

Domino's Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be issued a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, December 15th. Domino's Pizza's dividend payout ratio is 43.86%.

Domino's Pizza Profile

Domino's Pizza, Inc is a global restaurant company that operates and franchises Domino's-branded pizza stores. Its core business focuses on pizza delivery and carryout, supported by digital ordering platforms, delivery technology and a supply chain that provides food and related products to stores.

The company's menu includes a variety of pizzas, along with items such as chicken, sandwiches, pasta, bread products, desserts and beverages. Domino's serves customers through a combination of company-owned and franchised locations, with franchisees operating the majority of its stores.

Founded in 1960 when Tom and James Monaghan acquired a small Michigan pizzeria, the business adopted the Domino's name in 1965 and expanded through franchising.

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