Domino’s Pizza Inc $DPZ Shares Acquired by Marshfield Associates

Marshfield Associates grew its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 744,515 shares of the restaurant operator’s stock after purchasing an additional 28,765 shares during the quarter. Domino’s Pizza comprises approximately 5.6% of Marshfield Associates’ investment portfolio, making the stock its 9th largest position. Marshfield Associates owned approximately 2.20% of Domino’s Pizza worth $321,415,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in Domino’s Pizza during the second quarter worth $785,000. Allworth Financial LP boosted its position in Domino’s Pizza by 32.8% during the second quarter. Allworth Financial LP now owns 231 shares of the restaurant operator’s stock valued at $104,000 after acquiring an additional 57 shares during the last quarter. KBC Group NV boosted its position in Domino’s Pizza by 1.2% during the second quarter. KBC Group NV now owns 4,734 shares of the restaurant operator’s stock valued at $2,132,000 after acquiring an additional 54 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Domino’s Pizza by 1.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,875 shares of the restaurant operator’s stock worth $4,900,000 after acquiring an additional 168 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Domino’s Pizza by 6.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,398 shares of the restaurant operator’s stock worth $3,784,000 after acquiring an additional 501 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ opened at $392.27 on Tuesday. Domino’s Pizza Inc has a 52-week low of $370.70 and a 52-week high of $499.08. The business’s 50 day simple moving average is $399.88 and its two-hundred day simple moving average is $415.65. The firm has a market cap of $13.19 billion, a P/E ratio of 22.33, a PEG ratio of 1.73 and a beta of 1.16.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.The firm had revenue of $1.54 billion for the quarter. During the same quarter last year, the firm earned $4.89 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities analysts forecast that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be issued a dividend of $1.99 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, March 13th. Domino’s Pizza’s dividend payout ratio is 45.30%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Domino’s Pizza in a research note on Tuesday, February 24th. Evercore restated an “outperform” rating and set a $510.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 24th. Argus raised shares of Domino’s Pizza to a “hold” rating in a research report on Monday, March 9th. Hovde Group set a $460.00 target price on shares of Domino’s Pizza in a research report on Monday, January 5th. Finally, William Blair set a $540.00 target price on shares of Domino’s Pizza in a research note on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $475.71.

Domino’s Pizza Company 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.