Armistice Capital LLC Takes $12.79 Million Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Armistice Capital LLC purchased a new stake in Domino’s Pizza, Inc. (NYSE:DPZ) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 24,761 shares of the restaurant operator’s stock, valued at approximately $12,785,000.

A number of other large investors have also made changes to their positions in DPZ. Gilbert & Cook Inc. increased its holdings in shares of Domino’s Pizza by 7.3% in the 4th quarter. Gilbert & Cook Inc. now owns 1,488 shares of the restaurant operator’s stock valued at $613,000 after purchasing an additional 101 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Domino’s Pizza by 3.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,142 shares of the restaurant operator’s stock valued at $1,296,000 after acquiring an additional 98 shares in the last quarter. Franklin Resources Inc. increased its holdings in Domino’s Pizza by 8.4% during the 4th quarter. Franklin Resources Inc. now owns 32,183 shares of the restaurant operator’s stock valued at $13,267,000 after acquiring an additional 2,487 shares in the last quarter. US Bancorp DE increased its holdings in Domino’s Pizza by 4.0% during the 4th quarter. US Bancorp DE now owns 5,299 shares of the restaurant operator’s stock valued at $2,185,000 after acquiring an additional 204 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its holdings in Domino’s Pizza by 6.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 5,871 shares of the restaurant operator’s stock valued at $2,364,000 after acquiring an additional 376 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Loop Capital restated a “hold” rating and set a $419.00 target price on shares of Domino’s Pizza in a report on Friday, September 20th. TD Cowen dropped their target price on shares of Domino’s Pizza from $520.00 to $475.00 and set a “buy” rating for the company in a report on Monday, September 16th. Oppenheimer dropped their target price on shares of Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a report on Friday, September 6th. Benchmark dropped their target price on shares of Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, Royal Bank of Canada dropped their target price on shares of Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $507.93.

Domino’s Pizza Stock Performance

DPZ opened at $425.92 on Thursday. The company’s 50 day simple moving average is $421.56 and its 200 day simple moving average is $472.07. Domino’s Pizza, Inc. has a 1 year low of $330.05 and a 1 year high of $542.75. The stock has a market capitalization of $14.89 billion, a PE ratio of 27.80, a P/E/G ratio of 2.21 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.35. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company earned $3.08 earnings per share. As a group, sell-side analysts expect that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $1.51 per share. The ex-dividend date is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a yield of 1.42%. Domino’s Pizza’s dividend payout ratio (DPR) is 39.43%.

Domino’s Pizza Profile

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.