Adage Capital Partners GP L.L.C. Invests $14.49 Million in Domino's Pizza Inc $DPZ

Key Points

• Adage Capital Partners GP L.L.C. invested approximately $14.49 million in Domino's Pizza Inc by purchasing 31,539 shares in Q1, now holding 0.09% of the company's stock.
• Several institutional investors significantly increased their positions in Domino's Pizza, with GAMMA Investing LLC lifting its holdings by over 53,740.4% in the same quarter.
• The company announced a quarterly dividend of $1.74 per share, representing a 1.5% yield, to be paid on September 30th.

Adage Capital Partners GP L.L.C. purchased a new position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 31,539 shares of the restaurant operator's stock, valued at approximately $14,491,000. Adage Capital Partners GP L.L.C. owned 0.09% of Domino's Pizza at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DPZ. GAMMA Investing LLC lifted its holdings in shares of Domino's Pizza by 53,740.4% in the first quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock worth $119,480,000 after acquiring an additional 259,566 shares during the last quarter. Charles Schwab Investment Management Inc. bought a new position in shares of Domino's Pizza in the first quarter worth about $110,348,000. Invesco Ltd. lifted its holdings in shares of Domino's Pizza by 32.9% in the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock worth $371,997,000 after acquiring an additional 200,622 shares during the last quarter. Bristol Gate Capital Partners Inc. bought a new position in shares of Domino's Pizza in the first quarter worth about $92,085,000. Finally, Nuveen LLC bought a new position in shares of Domino's Pizza in the first quarter worth about $45,344,000. Institutional investors own 94.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Benchmark increased their target price on shares of Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Wells Fargo & Company increased their target price on shares of Domino's Pizza from $465.00 to $490.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 22nd. Redburn Atlantic started coverage on shares of Domino's Pizza in a report on Tuesday, June 10th. They issued a "sell" rating and a $340.00 price objective for the company. Morgan Stanley raised their price objective on shares of Domino's Pizza from $510.00 to $514.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, Sanford C. Bernstein raised their price objective on shares of Domino's Pizza from $460.00 to $490.00 and gave the company a "market perform" rating in a 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 given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $490.78.

Domino's Pizza Stock Performance

NASDAQ:DPZ opened at $463.83 on Friday. The company has a market capitalization of $15.75 billion, a PE ratio of 26.94, a P/E/G ratio of 2.53 and a beta of 1.09. The company has a 50 day simple moving average of $459.15 and a two-hundred day simple moving average of $464.15. Domino's Pizza Inc has a fifty-two week low of $396.06 and a fifty-two week high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $4.03 EPS. Research analysts predict that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, September 15th. Domino's Pizza's dividend payout ratio is currently 40.42%.

Insiders Place Their Bets

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction 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 represents a 22.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.83% of the company's stock.

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.

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