JCP Investment Management LLC Invests $12.41 Million in Domino's Pizza Inc (NASDAQ:DPZ)

Key Points

• JCP Investment Management LLC has invested approximately $12.41 million in Domino's Pizza, acquiring 27,000 shares, making it the company's 7th largest position, representing 7.7% of their portfolio.
• Other institutional investors, including Berkshire Hathaway and GAMMA Investing LLC, have significantly increased their stakes, highlighting growing confidence in Domino's Pizza.
• Domino's recently declared a quarterly dividend of $1.74, translating to an annual yield of 1.5%, with a payout ratio of 40.42%.

JCP Investment Management LLC acquired a new position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 27,000 shares of the restaurant operator's stock, valued at approximately $12,405,000. Domino's Pizza comprises 7.7% of JCP Investment Management LLC's investment portfolio, making the stock its 7th largest holding. JCP Investment Management LLC owned 0.08% of Domino's Pizza at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of Domino's Pizza by 6.5% during the first quarter. PNC Financial Services Group Inc. now owns 10,707 shares of the restaurant operator's stock worth $4,919,000 after acquiring an additional 653 shares during the last quarter. Baker Avenue Asset Management LP lifted its holdings in Domino's Pizza by 5.3% during the first quarter. Baker Avenue Asset Management LP now owns 3,279 shares of the restaurant operator's stock worth $1,507,000 after acquiring an additional 166 shares during the period. US Bancorp DE raised its holdings in shares of Domino's Pizza by 9.1% in the 1st quarter. US Bancorp DE now owns 7,144 shares of the restaurant operator's stock worth $3,282,000 after purchasing an additional 593 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Domino's Pizza in the 1st quarter worth approximately $208,000. Finally, Natixis Advisors LLC increased its holdings in Domino's Pizza by 0.3% during the 1st quarter. Natixis Advisors LLC now owns 24,126 shares of the restaurant operator's stock worth $11,084,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 94.63% of the company's stock.

Domino's Pizza Price Performance

Shares of DPZ traded down $3.01 during trading hours on Thursday, hitting $440.78. The stock had a trading volume of 112,306 shares, compared to its average volume of 645,535. The stock has a market capitalization of $14.96 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 2.45 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. The company's fifty day moving average is $461.70 and its two-hundred day moving average is $464.72.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data 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 business 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 firm posted $4.03 earnings per share. Domino's Pizza's revenue for the quarter was up 4.3% compared to the same quarter last year. Equities analysts predict that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $1.74 dividend. The ex-dividend date is Monday, September 15th. This represents a $6.96 annualized dividend and a yield of 1.6%. Domino's Pizza's dividend payout ratio (DPR) is currently 40.42%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Loop Capital increased their price objective on Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Robert W. Baird lifted their target price on shares of Domino's Pizza from $500.00 to $535.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Barclays upped their price target on shares of Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. Royal Bank Of Canada cut shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $550.00 to $500.00 in a research note on Tuesday, July 29th. Finally, Citigroup upped their price target on shares of Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $489.67.

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.