Woodline Partners LP Acquires 60,337 Shares of Domino's Pizza Inc $DPZ

Key Points

• Woodline Partners LP increased its stake in Domino's Pizza Inc by 237.9% during the first quarter, acquiring an additional 60,337 shares to reach a total of 85,704 shares worth approximately $39.4 million.
• Analysts have mixed views on Domino's stock, with Royal Bank of Canada downgrading the stock while others like Morgan Stanley and Loop Capital have increased their price targets, with an average target price of $490.78.
• Domino's recently declared a quarterly dividend of $1.74 per share, marking an annualized dividend yield of 1.5%, with a payout ratio of 40.42%.

Woodline Partners LP increased its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 237.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,704 shares of the restaurant operator's stock after buying an additional 60,337 shares during the period. Woodline Partners LP owned 0.25% of Domino's Pizza worth $39,377,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Wood Tarver Financial Group LLC acquired a new position in Domino's Pizza during the fourth quarter worth $25,000. Alpine Bank Wealth Management acquired a new position in Domino's Pizza during the first quarter worth $25,000. LRI Investments LLC acquired a new position in Domino's Pizza during the first quarter worth $27,000. Zions Bancorporation National Association UT acquired a new position in Domino's Pizza during the first quarter worth $27,000. Finally, SVB Wealth LLC acquired a new position in Domino's Pizza during the first quarter worth $36,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DPZ shares. Redburn Atlantic started coverage on shares of Domino's Pizza in a report on Tuesday, June 10th. They set a "sell" rating and a $340.00 target price on the stock. Melius assumed coverage on shares of Domino's Pizza in a report on Monday, July 14th. They set a "hold" rating and a $500.00 target price on the stock. Guggenheim lifted their price objective on shares of Domino's Pizza from $485.00 to $490.00 and gave the stock 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 reduced their price objective for the stock from $550.00 to $500.00 in a research report on Tuesday, July 29th. Finally, Barclays lifted 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. 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 issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $490.78.

Insider Activity

In other news, Director James A. Goldman sold 1,000 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the sale, the director owned 3,384 shares of the company's stock, valued at approximately $1,527,842.16. The trade was a 22.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.83% of the company's stock.

Domino's Pizza Price Performance

DPZ stock traded down $4.57 during midday trading on Friday, reaching $452.05. 437,263 shares of the company were exchanged, compared to its average volume of 579,706. The business has a 50-day moving average price of $459.35 and a two-hundred day moving average price of $463.80. Domino's Pizza Inc has a one year low of $397.12 and a one year high of $500.55. The firm has a market capitalization of $15.35 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 2.50 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) 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 the consensus estimate of $1.14 billion. Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The company's revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.03 EPS. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, September 15th. Domino's Pizza's payout ratio is presently 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.