PDT Partners LLC Invests $2.02 Million in Domino's Pizza Inc $DPZ

Key Points

• PDT Partners LLC has acquired a new stake in Domino's Pizza, buying 4,400 shares valued at approximately $2.02 million in the first quarter.
• Domino's Pizza reported earnings of $3.81 per share for the quarter, which was below the consensus estimate of $3.93, and had a revenue of $1.15 billion, slightly above expectations.
• The company announced a quarterly dividend of $1.74 per share, with a dividend yield of 1.5%, reflecting a payout ratio of 40.42%.

PDT Partners LLC acquired a new position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,400 shares of the restaurant operator's stock, valued at approximately $2,022,000.

Several other hedge funds have also added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its stake in Domino's Pizza by 3.1% in the first quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator's stock worth $799,897,000 after purchasing an additional 53,124 shares during the last quarter. Invesco Ltd. lifted its stake in Domino's Pizza by 32.9% in the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock worth $371,997,000 after purchasing an additional 200,622 shares during the last quarter. Northern Trust Corp lifted its stake in Domino's Pizza by 13.9% in the first quarter. Northern Trust Corp now owns 450,302 shares of the restaurant operator's stock worth $206,891,000 after purchasing an additional 54,909 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Domino's Pizza by 1.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 410,467 shares of the restaurant operator's stock worth $172,298,000 after purchasing an additional 5,762 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Domino's Pizza by 9.0% in the first quarter. Envestnet Asset Management Inc. now owns 402,412 shares of the restaurant operator's stock worth $184,888,000 after purchasing an additional 33,105 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director James A. Goldman sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the sale, the director owned 3,384 shares in the company, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.83% of the company's stock.

Domino's Pizza Trading Up 0.3%

DPZ traded up $1.23 during midday trading on Friday, reaching $463.83. The company's stock had a trading volume of 329,250 shares, compared to its average volume of 588,679. The firm has a market capitalization of $15.75 billion, a price-to-earnings ratio of 26.94, a PEG 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 stock's 50-day moving average is $459.15 and its 200-day moving average is $464.08.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the company earned $4.03 EPS. The company's quarterly revenue was up 4.3% compared to the same quarter last year. As a group, equities research analysts forecast that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, September 15th. Domino's Pizza's dividend payout ratio (DPR) is presently 40.42%.

Analysts Set New Price Targets

A number of research firms have issued reports on DPZ. Loop Capital boosted their price objective on shares of Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company boosted their price objective on shares of Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 22nd. Guggenheim boosted their price objective on shares of Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a research report on Wednesday, August 27th. Royal Bank Of Canada cut 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 research report on Tuesday, July 29th. Finally, Benchmark boosted their price objective on shares of Domino's Pizza from $535.00 to $540.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $490.78.

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.