Marshfield Associates Purchases 1,531 Shares of Domino's Pizza Inc $DPZ

Key Points

• Marshfield Associates has increased its stake in Domino's Pizza to 716,952 shares, making it the firm's 5th largest position, accounting for 7.1% of its investment portfolio.
• Domino's reported $3.81 earnings per share for the last quarter, missing estimates by $0.12, with revenue slightly surpassing expectations at $1.15 billion.
• The company declared a quarterly dividend of $1.74, resulting in a 1.5% dividend yield for shareholders, with a payout ratio of 40.42%.

Marshfield Associates grew its position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 0.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 716,952 shares of the restaurant operator's stock after buying an additional 1,531 shares during the period. Domino's Pizza accounts for approximately 7.1% of Marshfield Associates' investment portfolio, making the stock its 5th largest position. Marshfield Associates owned 2.09% of Domino's Pizza worth $329,404,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. ICW Investment Advisors LLC lifted its holdings in shares of Domino's Pizza by 2.5% in the 1st quarter. ICW Investment Advisors LLC now owns 1,293 shares of the restaurant operator's stock worth $594,000 after acquiring an additional 32 shares during the last quarter. Graham Capital Management L.P. acquired a new position in shares of Domino's Pizza in the 1st quarter worth approximately $689,000. Benchstone Capital Management LP lifted its holdings in shares of Domino's Pizza by 518.6% in the 1st quarter. Benchstone Capital Management LP now owns 50,749 shares of the restaurant operator's stock worth $23,317,000 after acquiring an additional 42,545 shares during the last quarter. Armistice Capital LLC lifted its holdings in shares of Domino's Pizza by 80.6% in the 1st quarter. Armistice Capital LLC now owns 90,068 shares of the restaurant operator's stock worth $41,382,000 after acquiring an additional 40,206 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of Domino's Pizza by 75.1% in the 1st quarter. Quarry LP now owns 690 shares of the restaurant operator's stock worth $317,000 after acquiring an additional 296 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino's Pizza Trading Down 0.1%

NASDAQ:DPZ traded down $0.70 during midday trading on Wednesday, hitting $466.60. 386,657 shares of the company were exchanged, compared to its average volume of 628,833. The company has a fifty day simple moving average of $458.64 and a 200 day simple moving average of $464.35. Domino's Pizza Inc has a fifty-two week low of $396.06 and a fifty-two week high of $500.55. The company has a market capitalization of $15.84 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 2.51 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing the consensus estimate of $3.93 by ($0.12). The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The firm's revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $4.03 EPS. As a group, equities research analysts expect that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Announces Dividend

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

Insider Activity at Domino's Pizza

In related news, Director James A. Goldman sold 1,000 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the transaction, the director owned 3,384 shares in the company, valued at $1,527,842.16. This represents a 22.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.83% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Loop Capital increased their target price on shares of Domino's Pizza from $564.00 to $574.00 and gave the stock 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 report on Tuesday, July 22nd. Melius assumed coverage on shares of Domino's Pizza in a report on Monday, July 14th. They set a "hold" rating and a $500.00 target price on the stock. Wells Fargo & Company increased their target price on shares of Domino's Pizza from $465.00 to $490.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 22nd. Finally, Barclays increased their target price on shares of Domino's Pizza from $420.00 to $425.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Domino's Pizza currently has a consensus rating of "Moderate Buy" and a consensus target price of $490.78.

About Domino's Pizza

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.