ExodusPoint Capital Management LP Purchases 36,012 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

ExodusPoint Capital Management LP increased its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 571.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,316 shares of the restaurant operator’s stock after acquiring an additional 36,012 shares during the period. ExodusPoint Capital Management LP owned approximately 0.12% of Domino’s Pizza worth $14,260,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC grew its stake in Domino’s Pizza by 68.9% in the 2nd quarter. LPL Financial LLC now owns 23,833 shares of the restaurant operator’s stock worth $8,031,000 after buying an additional 9,722 shares in the last quarter. Private Advisor Group LLC purchased a new position in Domino’s Pizza in the 1st quarter worth approximately $658,000. abrdn plc grew its stake in Domino’s Pizza by 8.8% in the 1st quarter. abrdn plc now owns 10,436 shares of the restaurant operator’s stock worth $3,443,000 after buying an additional 841 shares in the last quarter. Tredje AP fonden grew its stake in Domino’s Pizza by 3.5% in the 1st quarter. Tredje AP fonden now owns 7,507 shares of the restaurant operator’s stock worth $2,476,000 after buying an additional 253 shares in the last quarter. Finally, Truist Financial Corp grew its stake in Domino’s Pizza by 277.7% in the 1st quarter. Truist Financial Corp now owns 6,648 shares of the restaurant operator’s stock worth $2,193,000 after buying an additional 4,888 shares in the last quarter. Institutional investors own 92.27% of the company’s stock.

Insider Activity

In other news, Director Andy Ballard sold 428 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $350.14, for a total transaction of $149,859.92. Following the sale, the director now owns 2,307 shares of the company’s stock, valued at approximately $807,772.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Andy Ballard sold 428 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $350.14, for a total value of $149,859.92. Following the transaction, the director now owns 2,307 shares of the company’s stock, valued at $807,772.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Lisa V. Price sold 4,940 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $350.00, for a total transaction of $1,729,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,028 shares in the company, valued at approximately $1,409,800. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DPZ. Robert W. Baird upped their price objective on shares of Domino’s Pizza from $360.00 to $390.00 in a research note on Tuesday, July 25th. TD Cowen reaffirmed an “outperform” rating and issued a $450.00 price objective on shares of Domino’s Pizza in a research note on Wednesday, September 20th. Barclays upped their price target on shares of Domino’s Pizza from $320.00 to $335.00 and gave the company an “underweight” rating in a report on Friday, October 6th. Citigroup lowered their price target on shares of Domino’s Pizza from $398.00 to $396.00 and set a “neutral” rating for the company in a report on Friday, October 13th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Domino’s Pizza in a report on Thursday, October 19th. They set a “buy” rating and a $430.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $400.62.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $368.50 on Tuesday. The company has a 50-day moving average of $365.86 and a 200 day moving average of $356.20. The firm has a market cap of $12.85 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 2.04 and a beta of 0.84. Domino’s Pizza, Inc. has a 1 year low of $285.84 and a 1 year high of $409.95.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, October 12th. The restaurant operator reported $4.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.87. Domino’s Pizza had a net margin of 11.64% and a negative return on equity of 12.50%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the business earned $2.79 EPS. Domino’s Pizza’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, equities analysts anticipate that Domino’s Pizza, Inc. will post 14.48 EPS for the current year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Thursday, December 14th. Domino’s Pizza’s payout ratio is presently 33.11%.

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.