Titan Investment Management LLC Purchases 5,658 Shares of Domino’s Pizza Inc $DPZ

Titan Investment Management LLC purchased a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the third quarter, HoldingsChannel reports. The institutional investor purchased 5,658 shares of the restaurant operator’s stock, valued at approximately $1,695,000. Domino’s Pizza accounts for 1.3% of Titan Investment Management LLC’s investment portfolio, making the stock its 28th biggest position.

Other large investors also recently made changes to their positions in the company. Soroban Capital Partners LP acquired a new stake in shares of Domino’s Pizza during the first quarter worth $895,251,000. BlackRock Inc. purchased a new stake in shares of Domino’s Pizza in the second quarter valued at $715,704,000. Van ECK Associates Corp increased its stake in Domino’s Pizza by 937,192.2% in the second quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator’s stock valued at $141,513,000 after purchasing an additional 477,968 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Domino’s Pizza by 247.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock valued at $189,171,000 after purchasing an additional 375,709 shares during the last quarter. Finally, London Co. of Virginia purchased a new stake in Domino’s Pizza in the 1st quarter valued at about $129,253,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DPZ. Evercore reaffirmed an “outperform” rating on shares of Domino’s Pizza in a research note on Thursday, July 9th. Benchmark reissued a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. Mizuho decreased their target price on shares of Domino’s Pizza from $420.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 14th. Loop Capital restated a “hold” rating and issued a $353.00 target price on shares of Domino’s Pizza in a report on Monday, August 10th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Domino’s Pizza in a research report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average target price of $380.87.

Domino’s Pizza Trading Up 2.1%

Shares of DPZ opened at $317.70 on Friday. The firm has a market capitalization of $10.45 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 1.44 and a beta of 0.94. The stock’s fifty day simple moving average is $317.51 and its 200 day simple moving average is $324.93. Domino’s Pizza Inc has a twelve month low of $282.00 and a twelve month high of $442.35.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share for the quarter, beating analysts’ consensus estimates of $4.33 by $0.27. Domino’s Pizza had a negative return on equity of 15.48% and a net margin of 12.03%. The firm had revenue of $1.19 billion for the quarter. During the same quarter in the previous year, the business posted $4.08 EPS. Domino’s Pizza’s revenue was up 3.4% compared to the same quarter last year. Sell-side analysts predict that Domino’s Pizza Inc will post 19.04 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be paid a dividend of $1.99 per share. The ex-dividend date is Tuesday, December 15th. This represents a $7.96 annualized dividend and a yield of 2.5%. Domino’s Pizza’s dividend payout ratio is currently 43.86%.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc is a global restaurant company that operates and franchises Domino’s-branded pizza stores. Its core business focuses on pizza delivery and carryout, supported by digital ordering platforms, delivery technology and a supply chain that provides food and related products to stores.

The company’s menu includes a variety of pizzas, along with items such as chicken, sandwiches, pasta, bread products, desserts and beverages. Domino’s serves customers through a combination of company-owned and franchised locations, with franchisees operating the majority of its stores.

Founded in 1960 when Tom and James Monaghan acquired a small Michigan pizzeria, the business adopted the Domino’s name in 1965 and expanded through franchising.