GAMMA Investing LLC Buys 143 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

GAMMA Investing LLC increased its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 51.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 423 shares of the restaurant operator’s stock after acquiring an additional 143 shares during the quarter. GAMMA Investing LLC’s holdings in Domino’s Pizza were worth $218,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Domino’s Pizza in the 4th quarter worth $25,000. Crewe Advisors LLC bought a new position in shares of Domino’s Pizza in the first quarter valued at approximately $36,000. Quadrant Capital Group LLC lifted its holdings in Domino’s Pizza by 41.8% during the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 33 shares during the period. Quarry LP boosted its position in Domino’s Pizza by 130.2% in the fourth quarter. Quarry LP now owns 198 shares of the restaurant operator’s stock worth $82,000 after purchasing an additional 112 shares during the last quarter. Finally, Alaska Permanent Fund Corp bought a new position in Domino’s Pizza in the 1st quarter valued at $90,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DPZ shares. The Goldman Sachs Group started coverage on Domino’s Pizza in a research note on Thursday, June 13th. They set a “buy” rating and a $612.00 target price on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $580.00 price objective on shares of Domino’s Pizza in a research report on Friday, July 12th. Loop Capital reduced their target price on shares of Domino’s Pizza from $507.00 to $419.00 and set a “hold” rating for the company in a research report on Friday, July 19th. Wedbush reaffirmed an “outperform” rating and issued a $575.00 price target on shares of Domino’s Pizza in a report on Monday, July 15th. Finally, Barclays reduced their price objective on Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating for the company in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $517.39.

Domino’s Pizza Price Performance

Shares of NYSE:DPZ traded up $5.01 on Tuesday, hitting $434.23. The company’s stock had a trading volume of 324,052 shares, compared to its average volume of 595,562. The company has a market capitalization of $15.15 billion, a PE ratio of 28.33, a PEG ratio of 2.24 and a beta of 0.87. The company has a 50-day simple moving average of $487.28 and a 200 day simple moving average of $474.99. Domino’s Pizza, Inc. has a 1 year low of $330.05 and a 1 year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the business earned $3.08 earnings per share. Domino’s Pizza’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts expect that Domino’s Pizza, Inc. will post 16.19 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Friday, September 13th. Domino’s Pizza’s dividend payout ratio is currently 39.43%.

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.