Davidson Kempner Capital Management LP Purchases Shares of 32,500 Domino’s Pizza, Inc. (NYSE:DPZ)

Davidson Kempner Capital Management LP acquired a new stake in Domino’s Pizza, Inc. (NYSE:DPZ) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 32,500 shares of the restaurant operator’s stock, valued at approximately $16,781,000. Davidson Kempner Capital Management LP owned 0.09% of Domino’s Pizza at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Blue Trust Inc. grew its position 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 worth $31,000 after buying an additional 39 shares during the last quarter. Crewe Advisors LLC purchased a new position in Domino’s Pizza during the 1st quarter valued at $36,000. Versant Capital Management Inc increased its position in Domino’s Pizza by 654.5% during the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 72 shares during the period. Quadrant Capital Group LLC raised its holdings in 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 purchasing an additional 33 shares in the last quarter. Finally, ORG Partners LLC purchased a new stake in shares of Domino’s Pizza in the 2nd quarter worth about $62,000. Institutional investors own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $575.00 price target on shares of Domino’s Pizza in a research report on Monday, July 15th. JPMorgan Chase & Co. upped 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, September 16th. Barclays lowered their target price on Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating for the company in a research note on Friday, July 19th. The Goldman Sachs Group started coverage on Domino’s Pizza in a research note on Thursday, June 13th. They issued a “buy” rating and a $612.00 price target on the stock. Finally, Robert W. Baird lowered their price objective on Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus target price of $507.93.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $414.42 on Monday. Domino’s Pizza, Inc. has a one year low of $330.05 and a one year high of $542.75. The business’s fifty day moving average is $425.01 and its 200 day moving average is $472.71. The stock has a market capitalization of $14.45 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 2.14 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business posted $3.08 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, sell-side analysts expect that Domino’s Pizza, Inc. will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $1.51 per share. The ex-dividend date is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a yield of 1.46%. Domino’s Pizza’s dividend payout ratio is presently 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.