Seven Eight Capital LP Purchases New Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Seven Eight Capital LP purchased a new stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,813 shares of the restaurant operator’s stock, valued at approximately $1,969,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DPZ. Gilbert & Cook Inc. increased its stake in Domino’s Pizza by 7.3% during the fourth quarter. Gilbert & Cook Inc. now owns 1,488 shares of the restaurant operator’s stock valued at $613,000 after acquiring an additional 101 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Domino’s Pizza by 9.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 962 shares of the restaurant operator’s stock worth $397,000 after buying an additional 81 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Domino’s Pizza by 4.8% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 1,679 shares of the restaurant operator’s stock worth $692,000 after buying an additional 77 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Domino’s Pizza by 3.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,142 shares of the restaurant operator’s stock worth $1,296,000 after buying an additional 98 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings 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 worth $46,000 after buying an additional 33 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $409.05 on Thursday. Domino’s Pizza, Inc. has a 52 week low of $330.05 and a 52 week high of $542.75. The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 2.14 and a beta of 0.86. The business’s fifty day moving average price is $429.16 and its two-hundred day moving average price is $473.50.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $1.10 billion. During the same period last year, the company earned $3.08 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. As a group, research analysts forecast that Domino’s Pizza, Inc. will post 16.24 EPS for the current year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $1.51 dividend. The ex-dividend date is Friday, September 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.48%. Domino’s Pizza’s dividend payout ratio is currently 39.43%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DPZ. Stephens dropped their target price on 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. Deutsche Bank Aktiengesellschaft dropped their target price on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Royal Bank of Canada dropped their target price on Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. increased their target price on Domino’s Pizza from $450.00 to $470.00 and gave the stock a “neutral” rating in a report on Monday. Finally, BMO Capital Markets dropped their target price on Domino’s Pizza from $525.00 to $510.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and an average target price of $507.93.

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.