Kinsale Capital Group Inc. Makes New $7.59 Million Investment in Domino's Pizza Inc $DPZ

Key Points

• Kinsale Capital Group acquired 25,339 Domino’s Pizza shares in the third quarter, worth approximately $7.59 million, representing about 0.08% of the company.
• Institutional investors own 94.63% of Domino’s shares. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $380.87.
• Domino’s beat quarterly earnings estimates, reporting $4.60 per share and $1.19 billion in revenue, up 3.4% year over year. The company also announced a quarterly dividend of $1.99 per share.

Kinsale Capital Group Inc. acquired a new stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 25,339 shares of the restaurant operator's stock, valued at approximately $7,592,000. Kinsale Capital Group Inc. owned approximately 0.08% of Domino's Pizza at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. grew its stake in Domino's Pizza by 121.6% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 82 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 45 shares in the last quarter. Balance Wealth Partners LLC acquired a new stake in Domino's Pizza in the 3rd quarter valued at about $27,000. Rakuten Securities Inc. acquired a new stake in Domino's Pizza in the 2nd quarter valued at about $28,000. Cornerstone Planning Group LLC raised its position in Domino's Pizza by 450.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator's stock valued at $33,000 after purchasing an additional 81 shares in the last quarter. Finally, Investors Research Corp boosted its stake in shares of Domino's Pizza by 9,900.0% in the 2nd quarter. Investors Research Corp now owns 100 shares of the restaurant operator's stock valued at $30,000 after buying an additional 99 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DPZ. Robert W. Baird cut their target price on shares of Domino's Pizza from $325.00 to $320.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 14th. KeyCorp reaffirmed a "sector weight" rating on shares of Domino's Pizza in a report on Wednesday, October 14th. Seaport Research Partners initiated coverage on shares of Domino's Pizza in a research note on Wednesday, September 16th. They issued a "neutral" rating for the company. Bank of America lowered their price target on shares of Domino's Pizza from $455.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, October 14th. Finally, Wells Fargo & Company lowered their price target on shares of Domino's Pizza from $350.00 to $320.00 and set an "equal weight" rating for the company in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $380.87.

Domino's Pizza Price Performance

Shares of NASDAQ DPZ opened at $334.18 on Tuesday. The company has a market capitalization of $10.99 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.57 and a beta of 0.95. The business has a 50-day moving average of $312.97 and a two-hundred day moving average of $341.28. Domino's Pizza Inc has a 1 year low of $282.00 and a 1 year high of $442.35.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.33 by $0.27. Domino's Pizza had a negative return on equity of 15.48% and a net margin of 12.03%. The business had revenue of $1.19 billion during the quarter. During the same period in the prior year, the company posted $4.08 earnings per share. The company's revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts expect that Domino's Pizza Inc will post 19.10 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be paid a dividend of $1.99 per share. The ex-dividend date is Tuesday, December 15th. This represents a $7.96 annualized dividend and a yield of 2.4%. Domino's Pizza's payout ratio is presently 43.86%.

Domino's Pizza Profile

Domino's Pizza, Inc is a global pizza company that operates and franchises restaurants specializing in delivery and carryout. Its menu includes pizzas, chicken wings, sandwiches, pasta, bread sides, desserts and beverages, with offerings varying by location.

The company traces its roots to a pizza shop opened in Ypsilanti, Michigan, in 1960. It adopted the Domino's Pizza name in 1965 and has since grown through a predominantly franchised business model, serving customers in the United States and international markets.

Domino's is headquartered in Ann Arbor, Michigan.

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