Fox Run Management L.L.C. Acquires 3,129 Shares of Domino's Pizza Inc $DPZ

Key Points

• Fox Run Management L.L.C. has increased its stake in Domino's Pizza, acquiring an additional 3,129 shares, which represents a 384.4% increase during the first quarter.
• Domino's Pizza's stock analysts have a mixed outlook, with a consensus average rating of "Moderate Buy" and a target price around $489.67, reflecting optimism despite a recent EPS miss.
• The company announced a quarterly dividend of $1.74, translating to an annualized yield of 1.5% and a payout ratio of 40.42%.

Fox Run Management L.L.C. increased its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 384.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,943 shares of the restaurant operator's stock after buying an additional 3,129 shares during the quarter. Fox Run Management L.L.C.'s holdings in Domino's Pizza were worth $1,812,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of DPZ. Raymond James Financial Inc. purchased a new position in shares of Domino's Pizza during the fourth quarter valued at $32,592,000. Covestor Ltd grew its holdings in shares of Domino's Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after buying an additional 49 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Domino's Pizza by 19.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 16,873 shares of the restaurant operator's stock valued at $7,083,000 after buying an additional 2,719 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Domino's Pizza during the fourth quarter valued at $449,000. Finally, Canada Post Corp Registered Pension Plan purchased a new position in shares of Domino's Pizza during the fourth quarter valued at $143,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada downgraded Domino's Pizza from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from $550.00 to $500.00 in a report on Tuesday, July 29th. Hsbc Global Res upgraded Domino's Pizza to a "strong-buy" rating in a research note on Tuesday, April 22nd. Sanford C. Bernstein boosted their target price on Domino's Pizza from $460.00 to $490.00 and gave the company a "market perform" rating in a research note on Tuesday, July 22nd. BTIG Research set a $530.00 target price on Domino's Pizza and gave the company a "buy" rating in a research note on Monday, April 28th. Finally, Loop Capital boosted their target price on Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Domino's Pizza has an average rating of "Moderate Buy" and an average price target of $489.67.

Domino's Pizza Stock Performance

Shares of DPZ stock traded up $8.4250 during trading hours on Tuesday, hitting $453.2750. The company had a trading volume of 228,737 shares, compared to its average volume of 642,757. Domino's Pizza Inc has a 12 month low of $396.06 and a 12 month high of $500.55. The firm has a market capitalization of $15.39 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 2.47 and a beta of 1.09. The firm's fifty day moving average is $458.15 and its 200 day moving average is $465.50.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The company's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.03 earnings per share. On average, sell-side analysts expect that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $1.74 per share. The ex-dividend date 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 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.