Interval Partners LP Has $23.23 Million Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Interval Partners LP raised its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 179.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,985 shares of the restaurant operator’s stock after purchasing an additional 28,882 shares during the quarter. Interval Partners LP owned 0.13% of Domino’s Pizza worth $23,227,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DPZ. Coatue Management LLC acquired a new position in Domino’s Pizza during the fourth quarter valued at $322,859,000. Price T Rowe Associates Inc. MD lifted its position in shares of Domino’s Pizza by 107.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after purchasing an additional 230,090 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after purchasing an additional 222,949 shares during the period. TD Asset Management Inc grew its position in Domino’s Pizza by 66.8% during the fourth quarter. TD Asset Management Inc now owns 497,111 shares of the restaurant operator’s stock valued at $204,924,000 after purchasing an additional 199,060 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Domino’s Pizza by 85.2% during the second quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock valued at $168,926,000 after purchasing an additional 150,526 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada decreased their target price on shares of Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Robert W. Baird reduced 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. Deutsche Bank Aktiengesellschaft dropped their target price on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Wedbush reaffirmed an “outperform” rating and set a $575.00 price target on shares of Domino’s Pizza in a research note on Monday, July 15th. Finally, Loop Capital reissued a “hold” rating and issued a $419.00 price target on shares of Domino’s Pizza in a research note on Friday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $507.93.

Domino’s Pizza Stock Performance

NYSE:DPZ opened at $414.42 on Monday. The firm’s 50-day moving average is $425.01 and its 200-day moving average is $472.71. The company has a market cap of $14.45 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 2.14 and a beta of 0.86. Domino’s Pizza, Inc. has a 52-week low of $330.05 and a 52-week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company posted $3.08 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts predict that Domino’s Pizza, Inc. will post 16.24 EPS for the current 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 1.46%. Domino’s Pizza’s payout ratio is 39.43%.

Domino’s Pizza 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.