Jacobs Levy Equity Management Inc. Boosts Stake in Domino's Pizza Inc $DPZ

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in Domino's Pizza by 13.7%, owning 186,717 shares valued at approximately $85.79 million after acquiring an additional 22,434 shares in the first quarter of 2023.
• Other major investors such as GAMMA Investing LLC and Charles Schwab Investment Management also significantly increased their stakes, with institutional investors now holding 94.63% of Domino's stock.
• Domino's recently announced a quarterly dividend of $1.74 per share, leading to an annualized dividend yield of 1.5% and a payout ratio of 40.42%.

Jacobs Levy Equity Management Inc. lifted its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 13.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,717 shares of the restaurant operator's stock after buying an additional 22,434 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.55% of Domino's Pizza worth $85,787,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DPZ. Mercer Global Advisors Inc. ADV boosted its stake in shares of Domino's Pizza by 53.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,648 shares of the restaurant operator's stock valued at $1,112,000 after buying an additional 917 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Domino's Pizza by 21.3% in the fourth quarter. Benjamin Edwards Inc. now owns 3,255 shares of the restaurant operator's stock valued at $1,366,000 after buying an additional 571 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of Domino's Pizza by 289.3% in the fourth quarter. Baird Financial Group Inc. now owns 12,138 shares of the restaurant operator's stock valued at $5,095,000 after buying an additional 9,020 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in Domino's Pizza during the fourth quarter worth $53,000. Finally, Captrust Financial Advisors raised its holdings in Domino's Pizza by 54.7% during the fourth quarter. Captrust Financial Advisors now owns 1,863 shares of the restaurant operator's stock worth $782,000 after purchasing an additional 659 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Domino's Pizza

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the sale, the director owned 3,384 shares of the company's stock, valued at approximately $1,527,842.16. The trade was a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.83% of the company's stock.

Domino's Pizza Stock Down 1.5%

Shares of NASDAQ:DPZ traded down $7.14 during midday trading on Tuesday, reaching $458.97. The company's stock had a trading volume of 413,882 shares, compared to its average volume of 642,011. The firm has a market cap of $15.58 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 2.54 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. The business has a 50 day moving average price of $459.46 and a 200 day moving average price of $464.05.

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

Domino's Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, September 15th. Domino's Pizza's payout ratio is 40.42%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Sanford C. Bernstein lifted their price objective on Domino's Pizza from $460.00 to $490.00 and gave the stock a "market perform" rating in a report on Tuesday, July 22nd. Barclays lifted 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. Loop Capital lifted their price objective on Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Redburn Atlantic assumed coverage on Domino's Pizza in a report on Tuesday, June 10th. They set a "sell" rating and a $340.00 price objective for the company. Finally, UBS Group reaffirmed a "buy" rating and set a $540.00 price objective on shares of Domino's Pizza in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $490.78.

About Domino's Pizza

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.