Aigen Investment Management LP Makes New $1.56 Million Investment in Domino's Pizza Inc (NASDAQ:DPZ)

Key Points

• Aigen Investment Management LP acquired a new stake in Domino's Pizza, purchasing 3,389 shares valued at approximately $1,557,000 during the 1st quarter.
• Brokerages have increased their price targets for Domino's Pizza, with UBS Group setting a target of $540.00, while Wells Fargo raised it to $490.00 and Barclays to $425.00.
• Domino's Pizza reported quarterly earnings of $3.81 EPS, missing expectations, but had a revenue of $1.15 billion, slightly surpassing analyst predictions.

Aigen Investment Management LP acquired a new stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,389 shares of the restaurant operator's stock, valued at approximately $1,557,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DPZ. Invesco Ltd. boosted its stake in Domino's Pizza by 32.9% in the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock valued at $371,997,000 after acquiring an additional 200,622 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in Domino's Pizza by 14.5% in the first quarter. Benjamin Edwards Inc. now owns 3,727 shares of the restaurant operator's stock valued at $1,712,000 after acquiring an additional 472 shares in the last quarter. Cynosure Group LLC boosted its stake in Domino's Pizza by 4.5% in the first quarter. Cynosure Group LLC now owns 742 shares of the restaurant operator's stock valued at $341,000 after acquiring an additional 32 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in Domino's Pizza in the first quarter valued at approximately $27,000. Finally, Townsquare Capital LLC boosted its stake in Domino's Pizza by 23.3% in the first quarter. Townsquare Capital LLC now owns 9,440 shares of the restaurant operator's stock valued at $4,337,000 after acquiring an additional 1,782 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Domino's Pizza Stock Down 0.1%

Shares of Domino's Pizza stock traded down $0.26 during mid-day trading on Friday, hitting $450.33. The stock had a trading volume of 170,812 shares, compared to its average volume of 642,359. The firm has a 50-day moving average of $458.95 and a two-hundred day moving average of $465.02. Domino's Pizza Inc has a 12-month low of $396.06 and a 12-month high of $500.55. The firm has a market cap of $15.29 billion, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.15 billion for 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 revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $4.03 EPS. Sell-side analysts expect that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Announces Dividend

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

Wall Street Analysts Forecast Growth

DPZ has been the subject of several recent analyst reports. BMO Capital Markets raised their target price on shares of Domino's Pizza from $515.00 to $540.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Barclays raised their target price on shares of Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a research note on Monday, July 21st. Royal Bank Of Canada downgraded shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $550.00 to $500.00 in a research note on Tuesday, July 29th. Guggenheim reiterated a "neutral" rating on shares of Domino's Pizza in a research note on Thursday, May 15th. Finally, Benchmark lifted their price objective on shares of Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Domino's Pizza presently has a consensus rating of "Moderate Buy" and an average target price of $489.67.

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.