Baypointe Partners LLC Grows Position in Domino's Pizza Inc $DPZ

Key Points

• Baypointe Partners increased its Domino’s Pizza stake by 155.1% in the second quarter, bringing its holdings to 14,286 shares worth approximately $4.23 million. Institutional investors own 94.63% of DPZ.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $397.74. Several firms recently reduced their price targets, despite 16 analysts maintaining Buy ratings.
• Domino’s reported quarterly revenue of $1.19 billion, up 4.3% year over year, but EPS of $4.07 fell short of the $4.17 consensus estimate. The company declared a quarterly dividend of $1.99, representing a 2.3% annualized yield.

Baypointe Partners LLC increased its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 155.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,286 shares of the restaurant operator's stock after acquiring an additional 8,686 shares during the period. Domino's Pizza comprises about 10.1% of Baypointe Partners LLC's investment portfolio, making the stock its 4th biggest position. Baypointe Partners LLC's holdings in Domino's Pizza were worth $4,229,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Jump Financial LLC bought a new position in Domino's Pizza in the 2nd quarter valued at $3,183,000. Investment Management Corp of Ontario boosted its position in shares of Domino's Pizza by 68.3% in the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator's stock worth $718,000 after purchasing an additional 647 shares during the last quarter. Sei Investments Co. grew its position in shares of Domino's Pizza by 21.7% during the 2nd quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator's stock worth $36,480,000 after buying an additional 14,452 shares during the period. Glenview Trust co grew its holdings in Domino's Pizza by 36.9% during the second quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator's stock valued at $511,000 after purchasing an additional 306 shares during the period. Finally, HUB Investment Partners LLC increased its position in shares of Domino's Pizza by 17.3% in the 2nd quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator's stock valued at $596,000 after buying an additional 195 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on DPZ shares. KeyCorp reaffirmed a "sector weight" rating on shares of Domino's Pizza in a research note on Tuesday, July 21st. Morgan Stanley dropped their price objective on Domino's Pizza from $395.00 to $370.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 15th. TD Cowen boosted their price target on Domino's Pizza from $295.00 to $310.00 and gave the stock a "hold" rating in a research report on Monday, July 20th. Oppenheimer cut their target price on shares of Domino's Pizza from $465.00 to $415.00 and set an "outperform" rating for the company in a research note on Tuesday, July 21st. Finally, Citigroup reduced their price target on Domino's Pizza from $365.00 to $335.00 and set a "neutral" rating for the company in a research note on Tuesday, July 7th. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Domino's Pizza has an average rating of "Hold" and a consensus price target of $397.74.

Domino's Pizza Stock Up 0.1%

Domino's Pizza stock opened at $347.03 on Friday. Domino's Pizza Inc has a 12-month low of $282.00 and a 12-month high of $467.83. The stock has a market cap of $11.48 billion, a PE ratio of 19.68, a P/E/G ratio of 1.60 and a beta of 0.94. The business's 50-day moving average price is $333.10 and its two-hundred day moving average price is $344.22.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino's Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The firm had revenue of $1.19 billion during the quarter. During the same period in the previous year, the company earned $3.81 EPS. The company's revenue was up 4.3% on a year-over-year basis. As a group, analysts expect that Domino's Pizza Inc will post 18.89 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.99 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.3%. Domino's Pizza's payout ratio is presently 45.15%.

Insider Activity at Domino's Pizza

In related news, CEO Russell J. Weiner sold 10,850 shares of the stock in a transaction on Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the transaction, the chief executive officer directly owned 43,829 shares in the company, valued at $14,499,948.07. This trade represents a 19.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelly E. Garcia sold 12,430 shares of the company's stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the completion of the sale, the executive vice president owned 9,352 shares in the company, valued at $3,011,718.08. This represents a 57.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 24,254 shares of company stock valued at $7,888,924 in the last ninety days. 0.89% of the stock is currently owned by insiders.

Domino's Pizza Profile

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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