Townsquare Capital LLC Buys 1,782 Shares of Domino's Pizza Inc (NASDAQ:DPZ)

Key Points

• Townsquare Capital LLC boosted its stake in Domino's Pizza Inc by 23.3% to a total of 9,440 shares, valued at approximately $4.34 million.
• Institutional investors own approximately 94.63% of Domino's stock, with Berkshire Hathaway increasing its stake by 86.5% to nearly $1 billion.
• Domino's recently reported earnings of $3.81 EPS, missing consensus estimates, and announced a quarterly dividend of $1.74 per share.

Townsquare Capital LLC lifted its stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 23.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,440 shares of the restaurant operator's stock after buying an additional 1,782 shares during the quarter. Townsquare Capital LLC's holdings in Domino's Pizza were worth $4,337,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in DPZ. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Domino's Pizza by 13.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,568 shares of the restaurant operator's stock valued at $28,747,000 after acquiring an additional 7,364 shares during the period. Charles Schwab Investment Management Inc. acquired a new position in Domino's Pizza during the 1st quarter valued at about $110,348,000. ASR Vermogensbeheer N.V. bought a new position in Domino's Pizza in the 1st quarter worth about $1,350,000. Endowment Wealth Management Inc. bought a new position in Domino's Pizza in the 1st quarter worth about $236,000. Finally, Atria Wealth Solutions Inc. increased its stake in shares of Domino's Pizza by 131.4% in the first quarter. Atria Wealth Solutions Inc. now owns 1,592 shares of the restaurant operator's stock valued at $732,000 after purchasing an additional 904 shares during the period. Institutional investors own 94.63% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. BMO Capital Markets raised their target price on Domino's Pizza from $515.00 to $540.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Bank of America raised their price target on Domino's Pizza from $520.00 to $549.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Benchmark lifted 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 note on Tuesday, July 22nd. Sanford C. Bernstein increased their target price on shares of Domino's Pizza from $460.00 to $490.00 and gave the company a "market perform" rating in a research report on Tuesday, July 22nd. Finally, BTIG Research set a $530.00 price target on shares of Domino's Pizza and gave the stock a "buy" rating in a research report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $489.67.

Domino's Pizza Stock Down 0.1%

Domino's Pizza stock traded down $0.39 during mid-day trading on Thursday, reaching $450.59. 533,393 shares of the company's stock were exchanged, compared to its average volume of 644,464. The firm has a market capitalization of $15.30 billion, a PE ratio of 26.17, a P/E/G ratio of 2.42 and a beta of 1.09. The business's fifty day simple moving average is $459.14 and its 200 day simple moving average is $464.88. Domino's Pizza Inc has a one year low of $396.06 and a one year high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing the consensus estimate of $3.93 by ($0.12). The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%. The company's revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business posted $4.03 EPS. On average, sell-side analysts forecast that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $1.74 dividend. 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%.

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.