Cinctive Capital Management LP Raises Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Cinctive Capital Management LP grew its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 62.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,050 shares of the restaurant operator’s stock after acquiring an additional 2,316 shares during the quarter. Cinctive Capital Management LP’s holdings in Domino’s Pizza were worth $2,602,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. FMR LLC grew its position in Domino’s Pizza by 16.3% in the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after acquiring an additional 307,528 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Domino’s Pizza by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock worth $716,681,000 after purchasing an additional 23,681 shares during the period. Berkshire Hathaway Inc bought a new position in shares of Domino’s Pizza during the 3rd quarter valued at approximately $549,399,000. Marshfield Associates increased its position in shares of Domino’s Pizza by 0.3% during the 2nd quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock valued at $368,392,000 after purchasing an additional 2,271 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Domino’s Pizza by 40,191.5% during the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock valued at $225,303,000 after buying an additional 522,490 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DPZ has been the topic of a number of analyst reports. Citigroup cut their price objective on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Robert W. Baird cut their price target on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th. Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price target for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Piper Sandler dropped their price objective on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a report on Monday, October 7th. Finally, Evercore ISI reduced their target price on Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus target price of $495.76.

Domino’s Pizza Trading Down 2.1 %

Shares of DPZ stock opened at $466.18 on Tuesday. Domino’s Pizza, Inc. has a 12-month low of $390.48 and a 12-month high of $542.75. The business’s fifty day simple moving average is $433.11 and its 200-day simple moving average is $453.58. The company has a market cap of $16.10 billion, a PE ratio of 28.64, a PEG ratio of 2.57 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.54. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $4.18 EPS. On average, equities analysts forecast that Domino’s Pizza, Inc. will post 16.82 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s payout ratio is currently 37.10%.

Insider Buying and Selling

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

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.