Choreo LLC Takes $577,000 Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Choreo LLC acquired a new stake in Domino’s Pizza, Inc. (NYSE:DPZ) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,138 shares of the restaurant operator’s stock, valued at approximately $577,000.

Several other hedge funds also recently modified their holdings of DPZ. Blue Trust Inc. increased its stake in shares of Domino’s Pizza by 162.5% in the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 39 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of Domino’s Pizza in the 1st quarter valued at $36,000. Versant Capital Management Inc increased its stake in shares of Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after acquiring an additional 72 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Domino’s Pizza by 41.8% in the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 33 shares in the last quarter. Finally, ORG Partners LLC bought a new stake in shares of Domino’s Pizza in the 2nd quarter valued at $62,000. Institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on DPZ shares. Benchmark lowered their price objective on shares of Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Robert W. Baird reduced their price target on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Royal Bank of Canada reduced their price target on shares of Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Finally, Barclays reduced their price target on shares of Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating for the company in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average price target of $512.04.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $402.52 on Friday. Domino’s Pizza, Inc. has a 52-week low of $330.05 and a 52-week high of $542.75. The stock’s 50-day simple moving average is $432.29 and its 200 day simple moving average is $473.82. The stock has a market capitalization of $14.04 billion, a P/E ratio of 26.27, a P/E/G ratio of 2.14 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.35. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the business posted $3.08 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities research analysts forecast that Domino’s Pizza, Inc. will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently disclosed 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. This represents a $6.04 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, September 13th. Domino’s Pizza’s dividend payout ratio is currently 39.43%.

About Domino’s Pizza

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.