Norden Group LLC Buys Shares of 800 Domino's Pizza Inc (NASDAQ:DPZ)

Key Points

• Norden Group LLC has acquired 800 shares of Domino's Pizza Inc, valued at approximately $368,000, signifying continued interest in the company by institutional investors.
• Domino's reported $3.81 earnings per share for its latest quarter, missing expectations by 12 cents, although revenue rose by 4.3% year-over-year.
• The company declared a quarterly dividend of $1.74 per share, with a yield of 1.46%, demonstrating a commitment to shareholder returns.

Norden Group LLC purchased a new position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 800 shares of the restaurant operator's stock, valued at approximately $368,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DPZ. Orion Portfolio Solutions LLC boosted its position in shares of Domino's Pizza by 20.9% in the 4th quarter. Orion Portfolio Solutions LLC now owns 3,166 shares of the restaurant operator's stock worth $1,329,000 after buying an additional 547 shares in the last quarter. DnB Asset Management AS boosted its position in shares of Domino's Pizza by 11.7% in the 4th quarter. DnB Asset Management AS now owns 6,321 shares of the restaurant operator's stock worth $2,653,000 after buying an additional 663 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Domino's Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock worth $28,000 after buying an additional 61 shares in the last quarter. Allstate Corp purchased a new stake in shares of Domino's Pizza in the 4th quarter worth about $427,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Domino's Pizza by 38.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 130,522 shares of the restaurant operator's stock worth $54,788,000 after buying an additional 36,161 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on DPZ shares. BTIG Research set a $530.00 price objective on shares of Domino's Pizza and gave the stock a "buy" rating in a research report on Monday, April 28th. Hsbc Global Res upgraded shares of Domino's Pizza to a "strong-buy" rating in a research report on Tuesday, April 22nd. Barclays boosted their price objective on shares of Domino's Pizza from $420.00 to $425.00 and gave the stock an "underweight" rating in a research report on Monday, July 21st. Bank of America upped their target price on shares of Domino's Pizza from $520.00 to $549.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Finally, Wells Fargo & Company upped their target price on shares of Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a report on Tuesday, July 22nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $489.67.

Domino's Pizza Stock Performance

DPZ traded up $2.96 on Friday, reaching $466.17. 511,461 shares of the company's stock were exchanged, compared to its average volume of 737,955. Domino's Pizza Inc has a twelve month low of $396.06 and a twelve month high of $500.55. The company's 50 day moving average is $463.49 and its 200-day moving average is $464.04. The company has a market cap of $15.83 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 2.56 and a beta of 1.09.

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 firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the business earned $4.03 EPS. The firm's revenue was up 4.3% compared to the same quarter last year. Sell-side analysts forecast that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Announces Dividend

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

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.