Bristol Gate Capital Partners Inc. Invests $92.09 Million in Domino's Pizza Inc (NASDAQ:DPZ)

Key Points

• Bristol Gate Capital Partners Inc. invested approximately $92.09 million in Domino's Pizza, acquiring 200,425 shares, making it the firm's 11th largest position.
• Domino's reported $3.81 EPS for the latest quarter, missing estimates, while experiencing a 4.3% increase in year-over-year revenue.
• The company announced a quarterly dividend of $1.74 per share, representing a 1.48% yield with a payout ratio of 40.42%.

Bristol Gate Capital Partners Inc. acquired a new stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 200,425 shares of the restaurant operator's stock, valued at approximately $92,085,000. Domino's Pizza makes up 4.5% of Bristol Gate Capital Partners Inc.'s investment portfolio, making the stock its 11th largest holding. Bristol Gate Capital Partners Inc. owned approximately 0.59% of Domino's Pizza at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Wood Tarver Financial Group LLC bought a new position in shares of Domino's Pizza in the 4th quarter valued at about $25,000. Alpine Bank Wealth Management bought a new position in shares of Domino's Pizza in the 1st quarter valued at about $25,000. LRI Investments LLC bought a new position in shares of Domino's Pizza in the 1st quarter valued at about $27,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Domino's Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after acquiring an additional 61 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Domino's Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after acquiring an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Analysts Set New Price Targets

DPZ has been the subject of a number of analyst reports. Loop Capital increased their price target on shares of Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. TD Securities reaffirmed a "buy" rating and issued a $490.00 price target on shares of Domino's Pizza in a report on Monday, April 28th. Wells Fargo & Company increased their price target on shares of Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a report on Tuesday, July 22nd. Redburn Atlantic initiated coverage on shares of Domino's Pizza in a report on Tuesday, June 10th. They issued a "sell" rating and a $340.00 price target for the company. Finally, Barclays increased their price target on shares of Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Domino's Pizza has an average rating of "Moderate Buy" and an average price target of $489.67.

Domino's Pizza Stock Performance

NASDAQ:DPZ traded up $2.96 during trading hours on Friday, reaching $466.17. The company's stock had a trading volume of 511,461 shares, compared to its average volume of 737,955. The company has a market capitalization of $15.83 billion, a P/E ratio of 27.07, a price-to-earnings-growth ratio of 2.56 and a beta of 1.09. Domino's Pizza Inc has a 12 month low of $396.06 and a 12 month high of $500.55. The stock has a 50 day moving average price of $463.49 and a two-hundred day moving average price of $464.39.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $4.03 EPS. As a group, analysts predict that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

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

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.