Domino's Pizza Inc $DPZ Shares Sold by AXQ Capital LP

Key Points

• AXQ Capital LP cut its Domino’s Pizza stake by 69.3% in the second quarter, selling 4,680 shares and retaining 2,069 shares valued at approximately $613,000. Institutional investors collectively own 94.63% of DPZ.
• Domino’s reported quarterly revenue of $1.19 billion, up 4.3% year over year, but earnings per share of $4.07 missed analysts’ $4.17 consensus estimate. The company expects full-year EPS of about $18.89.
• The company declared a quarterly dividend of $1.99, equivalent to $7.96 annually and a 2.3% yield. Analysts’ average rating is Hold, with an average price target of $397.74 versus the stock’s recent price near $341.

AXQ Capital LP lowered its stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 69.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,069 shares of the restaurant operator's stock after selling 4,680 shares during the period. AXQ Capital LP's holdings in Domino's Pizza were worth $613,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of DPZ. Amica Mutual Insurance Co. lifted its position in shares of Domino's Pizza by 59.8% in the fourth quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator's stock valued at $6,909,000 after acquiring an additional 6,203 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Domino's Pizza by 10.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator's stock worth $28,544,000 after purchasing an additional 6,223 shares in the last quarter. Royal Bank of Canada increased its position in shares of Domino's Pizza by 5.2% during the first quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator's stock worth $160,817,000 after purchasing an additional 22,320 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Domino's Pizza by 21,977.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator's stock valued at $381,254,000 after purchasing an additional 910,529 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in Domino's Pizza by 18.0% in the 4th quarter. Fisher Asset Management LLC now owns 34,632 shares of the restaurant operator's stock valued at $14,436,000 after purchasing an additional 5,282 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Performance

NASDAQ DPZ opened at $341.08 on Monday. The firm has a market cap of $11.28 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 1.57 and a beta of 0.94. The firm has a 50 day simple moving average of $333.96 and a 200-day simple moving average of $343.98. Domino's Pizza Inc has a one year low of $282.00 and a one year high of $467.22.

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

Domino's Pizza Announces Dividend

The business 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 dividend on an annualized basis and a yield of 2.3%. Domino's Pizza's dividend payout ratio (DPR) is 45.15%.

Insider Buying and Selling at Domino's Pizza

In related news, EVP Kelly Garcia sold 12,430 shares of the business's stock in a transaction on 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 transaction, the executive vice president directly owned 9,352 shares of the company's stock, valued at $3,011,718.08. The trade was a 57.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Russell Weiner sold 10,850 shares of the company's stock in a transaction dated 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 sale, the chief executive officer owned 43,829 shares in the company, valued at approximately $14,499,948.07. This trade represents a 19.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,254 shares of company stock valued at $7,888,924 over the last three months. 0.89% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on DPZ. Benchmark reiterated a "buy" rating on shares of Domino's Pizza in a research report on Tuesday, July 21st. Loop Capital restated a "hold" rating and issued a $353.00 target price on shares of Domino's Pizza in a report on Monday, August 10th. UBS Group raised their target price on Domino's Pizza from $375.00 to $385.00 and gave the stock a "buy" rating in a research note on Wednesday. Rothschild & Co Redburn reduced their price target on Domino's Pizza from $340.00 to $290.00 in a report on Monday, May 11th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Domino's Pizza in a research report on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $397.74.

Domino's Pizza Company 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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