Element Capital Management LLC Takes $2.68 Million Position in Domino's Pizza Inc $DPZ

Key Points

• Element Capital Management LLC has taken a new stake in Domino's Pizza Inc, acquiring 5,841 shares valued at approximately $2.68 million.
• Domino's Pizza reported $3.81 earnings per share, falling short of analysts' estimates, but revenue rose by 4.3% year-over-year to $1.15 billion.
• The company declared a quarterly dividend of $1.74, with an annualized dividend yield of 1.5% and a payout ratio of 40.42%.

Element Capital Management LLC bought a new position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,841 shares of the restaurant operator's stock, valued at approximately $2,684,000.

Several other hedge funds also recently bought and sold shares of the stock. HighPoint Advisor Group LLC grew its holdings in Domino's Pizza by 3.2% during the 1st quarter. HighPoint Advisor Group LLC now owns 672 shares of the restaurant operator's stock worth $332,000 after acquiring an additional 21 shares in the last quarter. AGP Franklin LLC boosted its position in shares of Domino's Pizza by 0.4% in the 1st quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator's stock worth $2,403,000 after buying an additional 21 shares in the last quarter. Allworth Financial LP boosted its position in shares of Domino's Pizza by 16.0% in the 1st 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. Lodestone Wealth Management LLC boosted its position in shares of Domino's Pizza by 4.4% in the 1st 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. Finally, Concurrent Investment Advisors LLC boosted its position in shares of Domino's Pizza by 1.1% in the 1st quarter. Concurrent Investment Advisors LLC now owns 2,382 shares of the restaurant operator's stock worth $1,094,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on DPZ. Loop Capital boosted their price objective on shares of Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Benchmark boosted their price objective on shares of Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. UBS Group reiterated a "buy" rating and issued a $540.00 price objective on shares of Domino's Pizza in a research report on Tuesday, July 22nd. Bank of America boosted their price target on Domino's Pizza from $520.00 to $549.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, Hsbc Global Res raised shares of Domino's Pizza to a "strong-buy" rating in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Domino's Pizza currently has an average rating of "Moderate Buy" and a consensus target price of $489.67.

Domino's Pizza Trading Down 1.7%

Shares of Domino's Pizza stock traded down $7.70 during trading hours on Wednesday, reaching $442.86. The stock had a trading volume of 843,545 shares, compared to its average volume of 632,795. The firm has a 50 day simple moving average of $457.97 and a two-hundred day simple moving average of $465.24. The firm has a market capitalization of $15.04 billion, a price-to-earnings ratio of 25.72, a P/E/G ratio of 2.47 and a beta of 1.09. Domino's Pizza Inc has a 1 year low of $396.06 and a 1 year high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.93 by ($0.12). Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company posted $4.03 earnings per share. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. Sell-side analysts forecast that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, September 15th. Domino's Pizza's dividend payout ratio is currently 40.42%.

Insider Transactions at Domino's Pizza

In related news, Director James A. Goldman sold 1,000 shares of the stock in a transaction 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 completion of the sale, the director directly owned 3,384 shares in the company, valued at approximately $1,527,842.16. This represents a 22.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.83% of the company's stock.

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.