AXQ Capital LP Makes New Investment in Domino’s Pizza Inc $DPZ

AXQ Capital LP bought a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,691 shares of the restaurant operator’s stock, valued at approximately $1,538,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Huntleigh Advisors Inc. grew its holdings in Domino’s Pizza by 5.0% in the fourth quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock valued at $221,000 after purchasing an additional 25 shares during the period. Lafayette Investments Inc. increased its stake in Domino’s Pizza by 2.8% during the third quarter. Lafayette Investments Inc. now owns 955 shares of the restaurant operator’s stock valued at $412,000 after purchasing an additional 26 shares during the last quarter. Parallel Advisors LLC increased its stake in Domino’s Pizza by 2.9% during the third quarter. Parallel Advisors LLC now owns 965 shares of the restaurant operator’s stock valued at $417,000 after purchasing an additional 27 shares during the last quarter. Bessemer Group Inc. increased its stake in Domino’s Pizza by 1.2% during the third quarter. Bessemer Group Inc. now owns 2,317 shares of the restaurant operator’s stock valued at $1,000,000 after purchasing an additional 28 shares during the last quarter. Finally, Colonial Trust Co SC increased its stake in Domino’s Pizza by 5.3% during the third quarter. Colonial Trust Co SC now owns 561 shares of the restaurant operator’s stock valued at $242,000 after purchasing an additional 28 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $313.16, for a total value of $152,822.08. Following the completion of the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $2,928,672.32. This represents a 4.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.89% of the company’s stock.

Domino’s Pizza Stock Up 1.0%

Shares of DPZ opened at $313.71 on Tuesday. The firm has a 50-day moving average price of $343.63 and a 200 day moving average price of $385.20. The firm has a market capitalization of $10.43 billion, a PE ratio of 18.06, a P/E/G ratio of 1.44 and a beta of 0.98. Domino’s Pizza Inc has a 52-week low of $297.48 and a 52-week high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The company had revenue of $1.15 billion during the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $4.33 EPS. On average, equities analysts expect that Domino’s Pizza Inc will post 19.14 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. Domino’s Pizza’s dividend payout ratio is presently 45.83%.

Analysts Set New Price Targets

DPZ has been the subject of several recent research reports. Guggenheim lowered their target price on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Gordon Haskett lowered their target price on shares of Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. TD Cowen lowered their target price on shares of Domino’s Pizza from $377.00 to $350.00 and set a “hold” rating for the company in a research note on Wednesday, May 27th. Royal Bank Of Canada lowered their target price on shares of Domino’s Pizza from $400.00 to $350.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 28th. Finally, Citigroup lowered their target price on shares of Domino’s Pizza from $425.00 to $365.00 and set a “neutral” rating for the company in a research note on Tuesday, April 28th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Domino’s Pizza presently has an average rating of “Hold” and an average target price of $418.13.

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.