Landscape Capital Management L.L.C. Acquires New Position in Domino's Pizza Inc $DPZ

Key Points

• Landscape Capital Management L.L.C. acquired a new stake in Domino's Pizza, purchasing 6,014 shares valued at approximately $2.76 million in the first quarter.
• Domino's Pizza's quarterly earnings showed an EPS of $3.81, which missed estimates by $0.12, despite a revenue increase of 4.3% year-over-year.
• Analysts have increased their price targets for Domino's Pizza, with several firms now setting targets as high as $574, indicating a strong "buy" sentiment on the stock.

Landscape Capital Management L.L.C. acquired a new stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,014 shares of the restaurant operator's stock, valued at approximately $2,763,000.

Other institutional investors have also added to or reduced their stakes in the company. HighPoint Advisor Group LLC raised its position in shares of Domino's Pizza by 3.2% during 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 raised its position in shares of Domino's Pizza by 0.4% during the 1st quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator's stock valued at $2,403,000 after purchasing an additional 21 shares during the period. Compound Planning Inc. raised its position in shares of Domino's Pizza by 4.1% during the 1st quarter. Compound Planning Inc. now owns 562 shares of the restaurant operator's stock valued at $258,000 after purchasing an additional 22 shares during the period. Allworth Financial LP raised its position in shares of Domino's Pizza by 16.0% during the 1st quarter. Allworth Financial LP now owns 174 shares of the restaurant operator's stock valued at $85,000 after purchasing an additional 24 shares during the period. Finally, Lodestone Wealth Management LLC raised its position in shares of Domino's Pizza by 4.4% during the 1st quarter. Lodestone Wealth Management LLC now owns 587 shares of the restaurant operator's stock valued at $270,000 after purchasing an additional 25 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DPZ shares. Benchmark lifted their price objective on shares of Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada lowered shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from $550.00 to $500.00 in a report on Tuesday, July 29th. Redburn Atlantic initiated coverage on shares of Domino's Pizza in a report on Tuesday, June 10th. They set a "sell" rating and a $340.00 price objective for the company. Loop Capital lifted their price objective on shares of Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Finally, Guggenheim lifted their price objective on shares of Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $490.78.

Domino's Pizza Stock Up 1.7%

Shares of NASDAQ DPZ traded up $7.63 during trading hours on Tuesday, hitting $465.93. 382,240 shares of the stock were exchanged, compared to its average volume of 647,159. The company has a market cap of $15.82 billion, a PE ratio of 27.05, a PEG ratio of 2.51 and a beta of 1.09. The firm has a fifty day moving average price of $458.23 and a 200-day moving average price of $464.31. Domino's Pizza Inc has a 12 month low of $396.06 and a 12 month high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 earnings per share 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 analyst estimates of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The firm's revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.03 EPS. As a group, equities 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 business also recently disclosed 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. The ex-dividend date is Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.5%. Domino's Pizza's dividend payout ratio is currently 40.42%.

Insiders Place Their Bets

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

Domino's Pizza 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.