Armistice Capital LLC Purchases 40,206 Shares of Domino's Pizza Inc $DPZ

Key Points

• Armistice Capital LLC increased its stake in Domino's Pizza by 80.6%, now owning 90,068 shares valued at approximately $41.4 million following the addition of 40,206 shares during the 1st quarter.
• Several institutional investors, including Berkshire Hathaway, have also raised their positions in Domino's Pizza, with 94.63% of the stock owned by hedge funds and other institutional investors.
• Analysts have varied views on Domino's, with price target changes leading to a consensus average target of $490.78, indicating moderate buy interest among market participants.

Armistice Capital LLC grew its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 80.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,068 shares of the restaurant operator's stock after acquiring an additional 40,206 shares during the quarter. Armistice Capital LLC owned 0.26% of Domino's Pizza worth $41,382,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Praxis Investment Management Inc. acquired a new stake in Domino's Pizza during the 1st quarter worth approximately $414,000. Sowell Financial Services LLC acquired a new position in Domino's Pizza during the first quarter worth $282,000. Merit Financial Group LLC boosted its position in Domino's Pizza by 88.5% during the first quarter. Merit Financial Group LLC now owns 1,591 shares of the restaurant operator's stock worth $731,000 after purchasing an additional 747 shares during the period. GAMMA Investing LLC boosted its position in Domino's Pizza by 53,740.4% during the first quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock worth $119,480,000 after purchasing an additional 259,566 shares during the period. Finally, Cornerstone Wealth Group LLC boosted its position in Domino's Pizza by 41.0% during the first quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator's stock worth $9,381,000 after purchasing an additional 5,939 shares during the period. Institutional investors and hedge funds own 94.63% of the company's stock.

Wall Street Analysts Forecast Growth

DPZ has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on shares of Domino's Pizza from $510.00 to $514.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. 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 upped their price objective on Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 22nd. Melius began coverage on Domino's Pizza in a research note on Monday, July 14th. They issued a "hold" rating and a $500.00 price objective for the company. Finally, Loop Capital increased their target price on shares of 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 research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Domino's Pizza presently has a consensus rating of "Moderate Buy" and a consensus target price of $490.78.

Domino's Pizza Stock Down 0.1%

DPZ traded down $0.70 during trading hours on Wednesday, hitting $466.60. The stock had a trading volume of 386,657 shares, compared to its average volume of 628,833. The company's fifty day simple moving average is $458.37 and its 200 day simple moving average is $464.33. Domino's Pizza Inc has a 1 year low of $396.06 and a 1 year high of $500.55. The stock has a market cap of $15.84 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 2.51 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data 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). Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period last year, the business posted $4.03 EPS. The company's revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts expect that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 yield of 1.5%. Domino's Pizza's dividend payout ratio (DPR) is currently 40.42%.

Insider Activity

In other news, Director James A. Goldman sold 1,000 shares of Domino's Pizza stock in a transaction dated Monday, August 18th. The stock was 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 in the company, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company 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.