HS Management Partners LLC Acquires Shares of 34,262 Domino's Pizza Inc $DPZ

Key Points

• HS Management Partners acquired 34,262 Domino’s Pizza shares during the second quarter, valued at approximately $10.1 million. The position represents about 3.5% of the fund’s portfolio and 0.10% of Domino’s outstanding shares.
• Institutional ownership remains high at 94.63%, while analysts maintain a “Moderate Buy” consensus with an average price target of $397.42. Recent ratings included buy and outperform reiterations, alongside several target-price adjustments.
• Domino’s reported quarterly revenue of $1.19 billion, up 4.3% year over year, but earnings of $4.07 per share missed the $4.17 consensus estimate. The company declared a quarterly dividend of $1.99, equivalent to a 2.4% annualized yield.

HS Management Partners LLC bought a new stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 34,262 shares of the restaurant operator's stock, valued at approximately $10,143,000. Domino's Pizza makes up about 3.5% of HS Management Partners LLC's investment portfolio, making the stock its 18th largest holding. HS Management Partners LLC owned approximately 0.10% of Domino's Pizza as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Teacher Retirement System of Texas raised its position in shares of Domino's Pizza by 55.7% in the 4th quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator's stock worth $18,845,000 after acquiring an additional 16,179 shares in the last quarter. Amica Mutual Insurance Co. lifted its stake in shares of Domino's Pizza by 59.8% in the 4th quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator's stock valued at $6,909,000 after purchasing an additional 6,203 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted 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 valued at $28,544,000 after purchasing an additional 6,223 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Domino's Pizza by 21,977.5% during the fourth 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 in the last quarter. Finally, Fisher Asset Management LLC grew its stake in Domino's Pizza by 18.0% in the fourth quarter. Fisher Asset Management LLC now owns 34,632 shares of the restaurant operator's stock worth $14,436,000 after purchasing an additional 5,282 shares during the period. 94.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on DPZ shares. UBS Group reiterated a "buy" rating on shares of Domino's Pizza in a report on Tuesday, July 21st. Evercore restated an "outperform" rating on shares of Domino's Pizza in a report on Thursday, July 9th. DA Davidson reduced their target price on shares of Domino's Pizza from $436.00 to $423.00 and set a "buy" rating on the stock in a research report on Wednesday, April 29th. Morgan Stanley decreased their price target on shares of Domino's Pizza from $395.00 to $370.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 15th. Finally, Royal Bank Of Canada lifted their price target on shares of Domino's Pizza from $325.00 to $350.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 21st. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $397.42.

Insider Activity

In related news, CEO Russell J. Weiner sold 10,850 shares of the company's stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the transaction, the chief executive officer owned 43,829 shares in the company, valued at $14,499,948.07. The trade was a 19.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the sale, the executive vice president directly owned 9,352 shares in the company, valued at $3,011,718.08. This trade represents a 57.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 24,742 shares of company stock valued at $8,041,746. 0.89% of the stock is owned by insiders.

Domino's Pizza Stock Up 0.2%

DPZ stock opened at $336.25 on Wednesday. Domino's Pizza Inc has a twelve month low of $282.00 and a twelve month high of $469.00. The firm has a market cap of $11.12 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.67 and a beta of 0.94. The business has a 50 day moving average of $324.38 and a 200 day moving average of $348.63.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino's Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The company had revenue of $1.19 billion during the quarter. During the same quarter last year, the business earned $3.81 earnings per share. The company's quarterly revenue was up 4.3% on a year-over-year basis. On average, research analysts expect that Domino's Pizza Inc will post 18.88 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino's Pizza's payout ratio is currently 45.15%.

Domino's Pizza 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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