Brevan Howard Capital Management LP Boosts Holdings in Domino’s Pizza Inc $DPZ

Brevan Howard Capital Management LP raised its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 69.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,083 shares of the restaurant operator’s stock after purchasing an additional 3,300 shares during the period. Brevan Howard Capital Management LP’s holdings in Domino’s Pizza were worth $3,490,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Clough Capital Partners L P purchased a new stake in shares of Domino’s Pizza in the third quarter worth $842,000. Centiva Capital LP grew its position in Domino’s Pizza by 38.6% during the third quarter. Centiva Capital LP now owns 2,332 shares of the restaurant operator’s stock worth $1,007,000 after buying an additional 649 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in Domino’s Pizza by 14.6% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,267 shares of the restaurant operator’s stock worth $547,000 after buying an additional 161 shares in the last quarter. Bridgefront Capital LLC bought a new position in Domino’s Pizza in the 3rd quarter worth about $468,000. Finally, Chilton Investment Co. Inc. increased its stake in Domino’s Pizza by 7,123.5% in the 3rd quarter. Chilton Investment Co. Inc. now owns 76,641 shares of the restaurant operator’s stock worth $33,087,000 after acquiring an additional 75,580 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $392.27 on Tuesday. The stock has a market capitalization of $13.19 billion, a P/E ratio of 22.33, a PEG ratio of 1.73 and a beta of 1.16. Domino’s Pizza Inc has a one year low of $370.70 and a one year high of $499.08. The firm’s 50 day simple moving average is $399.88 and its two-hundred day simple moving average is $415.65.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.The business had revenue of $1.54 billion during the quarter. During the same period last year, the firm posted $4.89 EPS. The business’s revenue was up 6.4% on a year-over-year basis. As a group, equities analysts expect that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be given a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, March 13th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.74. Domino’s Pizza’s dividend payout ratio is 45.30%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. TD Cowen reiterated a “hold” rating and set a $460.00 price target on shares of Domino’s Pizza in a research report on Monday, February 23rd. William Blair set a $540.00 price objective on shares of Domino’s Pizza in a research report on Monday, February 23rd. JPMorgan Chase & Co. raised shares of Domino’s Pizza from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $460.00 to $450.00 in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Domino’s Pizza in a research note on Monday, December 29th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $425.00 target price on shares of Domino’s Pizza in a research report on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $475.71.

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.