Quest Partners LLC Invests $459,000 in Domino’s Pizza, Inc. (NYSE:DPZ)

Quest Partners LLC bought a new position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) during the second quarter, Holdings Channel reports. The fund bought 889 shares of the restaurant operator’s stock, valued at approximately $459,000.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its holdings in Domino’s Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after buying an additional 39 shares during the period. Crewe Advisors LLC purchased a new stake in shares of Domino’s Pizza in the 1st quarter valued at approximately $36,000. Versant Capital Management Inc boosted its stake in Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 72 shares during the period. Quadrant Capital Group LLC grew its position in Domino’s Pizza by 41.8% during the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 33 shares in the last quarter. Finally, ORG Partners LLC purchased a new position in shares of Domino’s Pizza during the second quarter valued at $62,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Trading Down 0.6 %

Shares of NYSE DPZ opened at $405.66 on Friday. The business has a fifty day simple moving average of $434.12 and a 200 day simple moving average of $474.03. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 2.14 and a beta of 0.86. Domino’s Pizza, Inc. has a one year low of $330.05 and a one year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.35. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. Domino’s Pizza’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.08 earnings per share. On average, research analysts anticipate that Domino’s Pizza, Inc. will post 16.25 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $1.51 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.49%. Domino’s Pizza’s payout ratio is 39.43%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DPZ. JPMorgan Chase & Co. dropped their price objective on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. Wedbush reissued an “outperform” rating and issued a $575.00 target price on shares of Domino’s Pizza in a research report on Monday, July 15th. Loop Capital dropped their price target on shares of Domino’s Pizza from $507.00 to $419.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. Stephens decreased their price objective on shares of Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Finally, Robert W. Baird cut their target price on Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $512.04.

Domino’s Pizza Company 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.