Graham Capital Management L.P. Invests $689,000 in Domino's Pizza Inc $DPZ

Key Points

• Graham Capital Management L.P. purchased 1,500 shares of Domino's Pizza, valued at approximately $689,000, in the first quarter.
• Several hedge funds, including Benchstone Capital Management and Armistice Capital LLC, significantly increased their stakes in Domino's Pizza, indicating strong institutional interest in the stock.
• Domino's Pizza reported earnings of $3.81 per share, missing analysts' expectations, while announcing a quarterly dividend of $1.74 to be paid at the end of September.

Graham Capital Management L.P. bought a new stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,500 shares of the restaurant operator's stock, valued at approximately $689,000.

A number of other hedge funds also recently modified their holdings of the business. HighPoint Advisor Group LLC grew its position in shares of 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 lifted its stake in Domino's Pizza by 0.4% in 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 in the last quarter. Compound Planning Inc. lifted its stake in 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 in the last quarter. Allworth Financial LP boosted its holdings in shares of Domino's Pizza by 16.0% in the first quarter. Allworth Financial LP now owns 174 shares of the restaurant operator's stock valued at $85,000 after buying an additional 24 shares during the period. Finally, Lodestone Wealth Management LLC increased its position in shares of 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 acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Insider Activity at Domino's Pizza

In other news, Director James A. Goldman sold 1,000 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction of $451,490.00. Following the transaction, the director directly owned 3,384 shares in the company, valued at $1,527,842.16. The trade was a 22.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DPZ shares. Morgan Stanley boosted their price objective on shares of Domino's Pizza from $510.00 to $514.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Guggenheim boosted their price target on Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a report on Wednesday, August 27th. Barclays increased their price objective on Domino's Pizza from $420.00 to $425.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. Melius assumed coverage on Domino's Pizza in a research report on Monday, July 14th. They issued a "hold" rating and a $500.00 target price on the stock. Finally, UBS Group reaffirmed a "buy" rating and set a $540.00 price target on shares of Domino's Pizza in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $490.78.

Domino's Pizza Price Performance

DPZ stock traded down $8.41 during mid-day trading on Wednesday, reaching $450.56. The company had a trading volume of 682,861 shares, compared to its average volume of 568,033. The stock has a 50 day simple moving average of $459.42 and a two-hundred day simple moving average of $463.92. The company has a market capitalization of $15.30 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 2.51 and a beta of 1.09. Domino's Pizza Inc has a 52 week low of $396.06 and a 52 week high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (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 the consensus estimate of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.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 earned $4.03 EPS. On average, equities analysts predict that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $1.74 dividend. 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 (DPR) 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.