FORA Capital LLC Makes New Investment in Domino’s Pizza, Inc. (NYSE:DPZ)

FORA Capital LLC purchased a new stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,016 shares of the restaurant operator’s stock, valued at approximately $2,158,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DPZ. Signaturefd LLC lifted its holdings in Domino’s Pizza by 25.2% in the second quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock valued at $67,000 after acquiring an additional 26 shares during the period. Summit Trail Advisors LLC boosted its holdings in shares of Domino’s Pizza by 5.0% in the second quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock worth $293,000 after buying an additional 27 shares during the last quarter. Portside Wealth Group LLC boosted its holdings in shares of Domino’s Pizza by 6.5% in the second quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock worth $235,000 after buying an additional 28 shares during the last quarter. Larson Financial Group LLC grew its position in Domino’s Pizza by 4.6% during the second quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator’s stock valued at $342,000 after buying an additional 29 shares during the period. Finally, Capital Insight Partners LLC increased its holdings in Domino’s Pizza by 2.6% during the second quarter. Capital Insight Partners LLC now owns 1,205 shares of the restaurant operator’s stock valued at $622,000 after buying an additional 30 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Price Performance

NYSE DPZ opened at $472.48 on Thursday. The stock has a market capitalization of $16.32 billion, a PE ratio of 29.02, a P/E/G ratio of 2.52 and a beta of 0.86. Domino’s Pizza, Inc. has a 1-year low of $383.05 and a 1-year high of $542.75. The business has a 50 day simple moving average of $429.41 and a two-hundred day simple moving average of $454.42.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. Domino’s Pizza’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $4.18 earnings per share. On average, analysts anticipate that Domino’s Pizza, Inc. will post 16.86 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $1.51 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.28%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 37.10%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DPZ. Wedbush reiterated an “outperform” rating and set a $470.00 price target on shares of Domino’s Pizza in a research note on Friday, October 11th. Citigroup cut their price target on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a report on Friday, October 11th. BMO Capital Markets reduced their price target on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. Wells Fargo & Company lowered their price objective on Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a research report on Friday, October 11th. Finally, Robert W. Baird reduced their target price on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $495.76.

Insider Activity

In other news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the transaction, the executive vice president now owns 1,966 shares in the company, valued at approximately $902,394. The trade was a 57.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew Balson sold 6,970 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the transaction, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. This represents a 31.17 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

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.