Suvretta Capital Management LLC Invests $16.09 Million in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Suvretta Capital Management LLC bought a new position in Domino’s Pizza, Inc. (NASDAQ:DPZ) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 38,340 shares of the restaurant operator’s stock, valued at approximately $16,094,000. Suvretta Capital Management LLC owned 0.11% of Domino’s Pizza as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Czech National Bank boosted its position in Domino’s Pizza by 5.1% during the fourth quarter. Czech National Bank now owns 7,488 shares of the restaurant operator’s stock valued at $3,143,000 after purchasing an additional 364 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in Domino’s Pizza by 97.1% during the fourth quarter. Gateway Investment Advisers LLC now owns 1,768 shares of the restaurant operator’s stock valued at $742,000 after purchasing an additional 871 shares during the last quarter. Avanza Fonder AB acquired a new stake in Domino’s Pizza during the fourth quarter valued at $946,000. Merit Financial Group LLC acquired a new stake in Domino’s Pizza during the fourth quarter valued at $354,000. Finally, HB Wealth Management LLC boosted its position in Domino’s Pizza by 6.5% during the fourth quarter. HB Wealth Management LLC now owns 891 shares of the restaurant operator’s stock valued at $374,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on DPZ. Wells Fargo & Company upped their price objective on shares of Domino’s Pizza from $445.00 to $465.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 29th. TD Cowen restated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. Robert W. Baird lifted their target price on shares of Domino’s Pizza from $500.00 to $535.00 and gave the company an “outperform” rating in a research report on Wednesday, April 23rd. Hsbc Global Res upgraded shares of Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, April 22nd. Finally, Stephens reaffirmed an “equal weight” rating and set a $440.00 price objective on shares of Domino’s Pizza in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus price target of $498.50.

Domino’s Pizza Trading Up 1.9%

NASDAQ DPZ opened at $495.05 on Friday. The firm has a market cap of $16.95 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 2.47 and a beta of 1.15. The company has a 50 day moving average of $466.82 and a 200-day moving average of $454.31. Domino’s Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $538.44.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating the consensus estimate of $4.12 by $0.21. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.58 EPS. On average, analysts forecast that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, June 13th. Domino’s Pizza’s dividend payout ratio (DPR) is 39.91%.

Insider Activity

In related news, EVP Kelly E. Garcia sold 2,104 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the transaction, the executive vice president now directly owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. This represents a 26.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Reddy Sandeep sold 1,077 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the completion of the transaction, the chief financial officer now directly owns 8,081 shares of the company’s stock, valued at approximately $3,581,499.20. The trade was a 11.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock valued at $3,946,461 in the last quarter. Company insiders own 0.83% 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.