Baypointe Partners LLC Lowers Holdings in Domino's Pizza Inc $DPZ

Key Points

• Baypointe Partners cut its Domino's stake by 74.9% in Q4, selling 13,112 shares and retaining 4,388 shares worth $1.829 million (about 3.8% of the firm's holdings and its 8th-largest position).
• Several large institutions moved into DPZ or expanded positions — notably Berkshire Hathaway (+13.2% to 2,981,945 shares) and big increases from Two Sigma and Woodline — leaving institutional ownership at roughly 94.63%.
• Domino's reported a Q1 EPS miss ($4.13 vs. $4.29) on $1.15 billion revenue (up 3.5% y/y), announced a $1.99 quarterly dividend (2.4% yield), and saw multiple analysts cut price targets, with a MarketBeat consensus rating of "Hold" and a $421.35 target.

Baypointe Partners LLC lowered its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 74.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,388 shares of the restaurant operator's stock after selling 13,112 shares during the period. Domino's Pizza makes up about 3.8% of Baypointe Partners LLC's holdings, making the stock its 8th biggest position. Baypointe Partners LLC's holdings in Domino's Pizza were worth $1,829,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DPZ. Berkshire Hathaway Inc raised its position in shares of Domino's Pizza by 13.2% in the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator's stock valued at $1,287,335,000 after purchasing an additional 348,077 shares during the period. Two Sigma Investments LP raised its position in shares of Domino's Pizza by 2,845.4% in the third quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator's stock valued at $113,982,000 after purchasing an additional 255,060 shares during the period. Woodline Partners LP raised its position in shares of Domino's Pizza by 8,229.8% in the third quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator's stock valued at $104,609,000 after purchasing an additional 239,405 shares during the period. Marshall Wace LLP bought a new stake in shares of Domino's Pizza in the third quarter valued at approximately $80,549,000. Finally, Champlain Investment Partners LLC raised its position in shares of Domino's Pizza by 93.2% in the third quarter. Champlain Investment Partners LLC now owns 302,537 shares of the restaurant operator's stock valued at $130,608,000 after purchasing an additional 145,919 shares during the period. Institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Performance

Domino's Pizza stock opened at $337.77 on Monday. The firm's 50 day simple moving average is $377.36 and its 200 day simple moving average is $398.81. The firm has a market capitalization of $11.23 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.56 and a beta of 1.02. Domino's Pizza Inc has a 1-year low of $326.54 and a 1-year high of $499.08.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing analysts' consensus estimates of $4.29 by ($0.16). The firm had revenue of $1.15 billion for the quarter. Domino's Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.33 earnings per share. Research analysts forecast that Domino's Pizza Inc will post 19.22 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, June 15th. Domino's Pizza's payout ratio is currently 45.83%.

Analysts Set New Price Targets

DPZ has been the topic of several research reports. Northcoast Research lowered their price target on shares of Domino's Pizza from $525.00 to $445.00 and set a "buy" rating on the stock in a research report on Tuesday, April 28th. BMO Capital Markets lowered their price target on shares of Domino's Pizza from $500.00 to $450.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 28th. Mizuho lowered their price target on shares of Domino's Pizza from $470.00 to $420.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 28th. UBS Group decreased their target price on shares of Domino's Pizza from $480.00 to $425.00 and set a "buy" rating on the stock in a report on Tuesday, April 28th. Finally, Loop Capital decreased their target price on shares of Domino's Pizza from $574.00 to $500.00 and set a "buy" rating on the stock in a report on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $421.35.

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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