Hudson Bay Capital Management LP Decreases Position in Domino’s Pizza Inc $DPZ

Hudson Bay Capital Management LP cut its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 95.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,430 shares of the restaurant operator’s stock after selling 28,826 shares during the period. Hudson Bay Capital Management LP’s holdings in Domino’s Pizza were worth $617,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Cetera Investment Advisers boosted its holdings in Domino’s Pizza by 4.0% during the 2nd quarter. Cetera Investment Advisers now owns 14,780 shares of the restaurant operator’s stock valued at $6,660,000 after acquiring an additional 564 shares during the period. Prudential PLC purchased a new stake in shares of Domino’s Pizza during the second quarter valued at approximately $2,349,000. Handelsbanken Fonder AB grew its holdings in shares of Domino’s Pizza by 3.4% in the second quarter. Handelsbanken Fonder AB now owns 4,827 shares of the restaurant operator’s stock worth $2,175,000 after purchasing an additional 160 shares during the last quarter. Swiss National Bank increased its stake in shares of Domino’s Pizza by 1.1% in the second quarter. Swiss National Bank now owns 98,500 shares of the restaurant operator’s stock worth $44,384,000 after buying an additional 1,100 shares during the period. Finally, Mediolanum International Funds Ltd increased its stake in shares of Domino’s Pizza by 135.9% in the second quarter. Mediolanum International Funds Ltd now owns 1,342 shares of the restaurant operator’s stock worth $599,000 after buying an additional 773 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DPZ shares. Barclays cut their price target on shares of Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating on the stock in a report on Wednesday, January 7th. UBS Group set a $500.00 target price on Domino’s Pizza and gave the stock a “buy” rating in a research note on Friday, February 13th. Evercore restated an “outperform” rating and set a $510.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 24th. BTIG Research reaffirmed a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday, February 24th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $470.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $475.71.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $373.35 on Monday. Domino’s Pizza Inc has a fifty-two week low of $365.10 and a fifty-two week high of $499.08. The stock’s 50 day simple moving average is $397.84 and its two-hundred day simple moving average is $413.33. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 1.61 and a beta of 1.16.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.54 billion during the quarter. During the same period in the prior year, the company earned $4.89 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts predict that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be issued a dividend of $1.99 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.74. The ex-dividend date is Friday, March 13th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.1%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 45.30%.

Domino’s Pizza Profile

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.