X Square Capital LLC Acquires Shares of 5,438 Domino's Pizza Inc $DPZ

Key Points

• X Square Capital acquired 5,438 Domino’s Pizza shares during the second quarter, valued at approximately $1.61 million. Institutional investors collectively own 94.63% of DPZ.
• Domino’s reported quarterly revenue of $1.19 billion, up 4.3% year over year, but earnings per share of $4.07 fell short of the $4.17 consensus estimate. Analysts maintain a “Moderate Buy” consensus with an average price target of $397.42.
• The company declared a quarterly dividend of $1.99, equivalent to $7.96 annually and a 2.3% yield. Meanwhile, insiders sold 24,254 shares worth nearly $7.9 million during the last quarter.

X Square Capital LLC acquired a new position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,438 shares of the restaurant operator's stock, valued at approximately $1,610,000.

Several other institutional investors and hedge funds also recently modified their holdings of DPZ. SHP Wealth Management purchased a new stake in shares of Domino's Pizza during the 4th quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in Domino's Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 34 shares in the last quarter. Johnson Financial Group Inc. boosted its holdings in Domino's Pizza by 200.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator's stock worth $36,000 after acquiring an additional 56 shares during the period. MBM Wealth Consultants LLC purchased a new position in Domino's Pizza in the 1st quarter worth approximately $31,000. Finally, Rakuten Securities Inc. acquired a new stake in Domino's Pizza in the second quarter valued at approximately $28,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Up 2.2%

Shares of DPZ opened at $341.85 on Friday. The business's 50 day moving average is $325.62 and its two-hundred day moving average is $347.56. Domino's Pizza Inc has a 52-week low of $282.00 and a 52-week high of $469.00. The firm has a market cap of $11.31 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.65 and a beta of 0.94.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino's Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The business had revenue of $1.19 billion for the quarter. During the same period in the prior year, the business posted $3.81 EPS. The company's revenue was up 4.3% on a year-over-year basis. On average, equities analysts expect that Domino's Pizza Inc will post 18.88 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.99 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.3%. Domino's Pizza's dividend payout ratio is currently 45.15%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Evercore reissued an "outperform" rating on shares of Domino's Pizza in a research report on Thursday, July 9th. Rothschild & Co Redburn lowered their price target on shares of Domino's Pizza from $340.00 to $290.00 in a report on Monday, May 11th. TD Cowen raised their price target on shares of Domino's Pizza from $295.00 to $310.00 and gave the company a "hold" rating in a report on Monday, July 20th. BMO Capital Markets dropped their price target on shares of Domino's Pizza from $450.00 to $420.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 21st. Finally, Jefferies Financial Group cut their price objective on shares of Domino's Pizza from $400.00 to $350.00 and set a "hold" rating on the stock in a report on Tuesday, April 28th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $397.42.

Insiders Place Their Bets

In other Domino's Pizza news, EVP Kelly E. Garcia sold 12,430 shares of the stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the transaction, the executive vice president directly owned 9,352 shares in the company, valued at $3,011,718.08. This represents a 57.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Russell J. Weiner sold 10,850 shares of the firm's stock in a transaction on Friday, July 17th. The stock was sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the transaction, the chief executive officer directly owned 43,829 shares of the company's stock, valued at approximately $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 24,254 shares of company stock worth $7,888,924 over the last quarter. 0.89% of the stock is currently owned by insiders.

About Domino's Pizza

Domino’s Pizza, Inc NASDAQ: DPZ is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.

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