Woodline Partners LP Invests $10.65 Million in Domino's Pizza, Inc. (NASDAQ:DPZ)

Woodline Partners LP bought a new stake in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,367 shares of the restaurant operator's stock, valued at approximately $10,648,000. Woodline Partners LP owned about 0.07% of Domino's Pizza as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vident Advisory LLC acquired a new stake in shares of Domino's Pizza in the fourth quarter worth $237,000. Westwood Holdings Group Inc. grew its position in Domino's Pizza by 3.6% during the fourth quarter. Westwood Holdings Group Inc. now owns 273,981 shares of the restaurant operator's stock valued at $115,006,000 after buying an additional 9,617 shares during the period. Twinbeech Capital LP acquired a new stake in Domino's Pizza during the fourth quarter valued at $30,536,000. Teza Capital Management LLC grew its position in Domino's Pizza by 140.2% during the fourth quarter. Teza Capital Management LLC now owns 1,794 shares of the restaurant operator's stock valued at $753,000 after buying an additional 1,047 shares during the period. Finally, Suvretta Capital Management LLC acquired a new stake in Domino's Pizza during the fourth quarter valued at $16,094,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

Analyst Ratings Changes

DPZ has been the topic of several analyst reports. Guggenheim restated a "neutral" rating on shares of Domino's Pizza in a research report on Thursday, May 15th. Bank of America increased their price objective 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. Citigroup increased their price objective on shares of Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Stephens reaffirmed an "equal weight" rating and set a $440.00 price objective on shares of Domino's Pizza in a report on Wednesday, April 2nd. Finally, Barclays decreased their price objective on shares of Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Domino's Pizza currently has a consensus rating of "Moderate Buy" and an average price target of $498.50.

Domino's Pizza Price Performance

Shares of DPZ stock traded up $0.90 during mid-day trading on Wednesday, hitting $485.46. The stock had a trading volume of 118,512 shares, compared to its average volume of 624,270. The company's 50-day simple moving average is $472.33 and its 200-day simple moving average is $457.05. The firm has a market cap of $16.62 billion, a PE ratio of 29.82, a PEG ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $538.44.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.12 by $0.21. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business's revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.58 EPS. On average, analysts expect 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 Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, June 13th. Domino's Pizza's payout ratio is currently 39.91%.

Insider Buying and Selling at Domino's Pizza

In other news, EVP Kevin Scott Morris sold 5,416 shares of Domino's Pizza stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the sale, the executive vice president now directly owns 793 shares in the company, valued at $346,541. The trade was a 87.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of Domino's Pizza stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the sale, the executive vice president now owns 5,699 shares of the company's stock, valued at approximately $2,486,359.72. This trade represents a 26.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,996 shares of company stock valued at $3,946,461 over the last quarter. Corporate insiders own 0.83% of the company's stock.

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.