Cinctive Capital Management LP Makes New $792,000 Investment in Domino's Pizza Inc $DPZ

Key Points

• Cinctive Capital Management LP has acquired 1,724 shares of Domino's Pizza Inc, valued at approximately $792,000, as part of their new investment in the company.
• Domino's reported $3.81 EPS for the last quarter, missing expectations by 12 cents, and had a net margin of 12.49%.
• The company has announced a quarterly dividend of $1.74 to shareholders, representing an annualized payout of $6.96 and a yield of 1.5%.

Cinctive Capital Management LP acquired a new stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,724 shares of the restaurant operator's stock, valued at approximately $792,000.

Other institutional investors have also made changes to their positions in the company. HighPoint Advisor Group LLC boosted its holdings in Domino's Pizza by 3.2% in the 1st quarter. HighPoint Advisor Group LLC now owns 672 shares of the restaurant operator's stock valued at $332,000 after purchasing an additional 21 shares during the period. AGP Franklin LLC raised its position in shares of Domino's Pizza by 0.4% during the first quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator's stock valued at $2,403,000 after buying an additional 21 shares during the last quarter. Compound Planning Inc. lifted its stake in shares of Domino's Pizza by 4.1% in the first quarter. Compound Planning Inc. now owns 562 shares of the restaurant operator's stock valued at $258,000 after buying an additional 22 shares during the period. Allworth Financial LP grew its position in Domino's Pizza by 16.0% during the first quarter. Allworth Financial LP now owns 174 shares of the restaurant operator's stock worth $85,000 after buying an additional 24 shares in the last quarter. Finally, Lodestone Wealth Management LLC grew its position in Domino's Pizza by 4.4% during the first quarter. Lodestone Wealth Management LLC now owns 587 shares of the restaurant operator's stock worth $270,000 after buying an additional 25 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Domino's Pizza

In related news, Director James A. Goldman sold 1,000 shares of Domino's Pizza stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the sale, the director owned 3,384 shares of the company's stock, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.83% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on DPZ. Loop Capital boosted 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. UBS Group reiterated a "buy" rating and set a $540.00 target price on shares of Domino's Pizza in a research report on Tuesday, July 22nd. Wells Fargo & Company upped their target price on shares of 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. Sanford C. Bernstein raised their price target on shares of Domino's Pizza from $460.00 to $490.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 22nd. Finally, Morgan Stanley upped their price objective on Domino's Pizza from $510.00 to $514.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $490.78.

Domino's Pizza Trading Up 1.3%

Shares of DPZ traded up $6.06 on Thursday, reaching $456.62. 533,774 shares of the company's stock were exchanged, compared to its average volume of 579,717. The business has a 50 day moving average price of $459.43 and a two-hundred day moving average price of $463.93. Domino's Pizza Inc has a 12 month low of $397.12 and a 12 month high of $500.55. The stock has a market capitalization of $15.50 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 2.47 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 EPS for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $4.03 earnings per share. Equities research analysts predict that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Announces Dividend

The business also recently announced 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 dividend payout ratio is presently 40.42%.

Domino's Pizza Company 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.