AXQ Capital LP Invests $1.54 Million in Domino's Pizza Inc $DPZ

Key Points

• AXQ Capital LP opened a new position in Domino's Pizza in the fourth quarter, buying 3,691 shares valued at about $1.54 million.
• Domino's reported Q1 EPS of $4.13, which missed analysts’ expectations of $4.29, though revenue still rose 3.5% year over year to $1.15 billion.
• The company announced a quarterly dividend of $1.99 per share, implying a 2.5% yield, while analysts currently rate the stock a consensus "Hold" with a $418.13 price target.

AXQ Capital LP acquired a new position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,691 shares of the restaurant operator's stock, valued at approximately $1,538,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Nomura Asset Management Co. Ltd. lifted its stake in shares of Domino's Pizza by 1.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 13,541 shares of the restaurant operator's stock worth $5,644,000 after buying an additional 166 shares during the period. MUFG Securities EMEA plc lifted its position in Domino's Pizza by 114.4% during the fourth quarter. MUFG Securities EMEA plc now owns 1,282 shares of the restaurant operator's stock valued at $534,000 after purchasing an additional 684 shares during the period. AdvisorShares Investments LLC lifted its position in Domino's Pizza by 321.8% during the fourth quarter. AdvisorShares Investments LLC now owns 1,468 shares of the restaurant operator's stock valued at $612,000 after purchasing an additional 1,120 shares during the period. Norges Bank acquired a new position in Domino's Pizza during the fourth quarter valued at $285,116,000. Finally, Amica Mutual Insurance Co. lifted its position in Domino's Pizza by 59.8% during the fourth quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator's stock valued at $6,909,000 after purchasing an additional 6,203 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino's Pizza Trading Up 1.0%

Shares of NASDAQ:DPZ opened at $313.71 on Tuesday. The company's 50 day moving average is $343.63 and its two-hundred day moving average is $385.20. The company has a market cap of $10.43 billion, a PE ratio of 18.06, a P/E/G ratio of 1.44 and a beta of 0.98. Domino's Pizza Inc has a 52 week low of $297.48 and a 52 week high of $496.00.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts' consensus estimates of $4.29 by ($0.16). The company had revenue of $1.15 billion during the quarter. Domino's Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. Domino's Pizza's revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business earned $4.33 earnings per share. As a group, equities research analysts expect that Domino's Pizza Inc will post 19.14 EPS for the current year.

Domino's Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, June 15th. Domino's Pizza's dividend payout ratio (DPR) is 45.83%.

Insider Activity at Domino's Pizza

In other news, EVP Kelly E. Garcia sold 488 shares of the firm's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $313.16, for a total value of $152,822.08. Following the completion of the sale, the executive vice president owned 9,352 shares in the company, valued at approximately $2,928,672.32. This trade represents a 4.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.89% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DPZ shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Domino's Pizza from $480.00 to $435.00 and set a "buy" rating for the company in a research report on Tuesday, April 28th. BTIG Research dropped their price objective on shares of Domino's Pizza from $500.00 to $450.00 and set a "buy" rating for the company in a research note on Monday, April 27th. Guggenheim dropped their price objective on shares of Domino's Pizza from $450.00 to $440.00 and set a "neutral" rating for the company in a research note on Wednesday, February 25th. Argus raised shares of Domino's Pizza to a "hold" rating in a research note on Monday, March 9th. Finally, Weiss Ratings cut shares of Domino's Pizza from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday. Seventeen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $418.13.

About Domino's Pizza

Domino's Pizza, Inc NASDAQ: DPZ is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino's has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino's Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino's has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.

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