Invariant Investment Management Purchases Shares of 1,792 Domino’s Pizza Inc $DPZ

Invariant Investment Management purchased a new stake in Domino’s Pizza Inc (NASDAQ:DPZ) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,792 shares of the restaurant operator’s stock, valued at approximately $726,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DPZ. Johnson Financial Group Inc. increased its stake in Domino’s Pizza by 200.0% in the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 56 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in Domino’s Pizza in the second quarter valued at $42,000. MUFG Securities EMEA plc bought a new stake in Domino’s Pizza in the second quarter valued at $46,000. Smartleaf Asset Management LLC increased its stake in Domino’s Pizza by 64.2% in the third quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 43 shares in the last quarter. Finally, Activest Wealth Management increased its stake in Domino’s Pizza by 411.5% in the third quarter. Activest Wealth Management now owns 133 shares of the restaurant operator’s stock valued at $58,000 after purchasing an additional 107 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Price Performance

DPZ opened at $369.17 on Wednesday. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 1.59 and a beta of 1.18. The firm’s fifty day moving average price is $383.95 and its two-hundred day moving average price is $404.04. Domino’s Pizza Inc has a 1 year low of $346.31 and a 1 year high of $499.08.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). The firm had revenue of $1.54 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.Domino’s Pizza’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $4.89 earnings per share. As a group, equities analysts anticipate that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 13th were issued a $1.99 dividend. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. The ex-dividend date of this dividend was Friday, March 13th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.2%. Domino’s Pizza’s payout ratio is presently 45.30%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Sanford C. Bernstein reissued a “market perform” rating and issued a $470.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 24th. TD Cowen reduced their price target on shares of Domino’s Pizza from $450.00 to $400.00 and set a “hold” rating for the company in a research report on Tuesday. William Blair set a $540.00 price target on shares of Domino’s Pizza in a research report on Monday, February 23rd. JPMorgan Chase & Co. raised shares of Domino’s Pizza from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $460.00 to $450.00 in a research report on Tuesday, February 24th. Finally, Stifel Nicolaus reduced their price target on shares of Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus price target of $473.15.

Domino’s Pizza Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.