Y Intercept Hong Kong Ltd Buys New Shares in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Y Intercept Hong Kong Ltd bought a new stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,315 shares of the restaurant operator’s stock, valued at approximately $552,000.

A number of other hedge funds have also added to or reduced their stakes in the business. KG&L Capital Management LLC grew its position in Domino’s Pizza by 1.4% in the fourth quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock valued at $724,000 after purchasing an additional 23 shares in the last quarter. Greenleaf Trust grew its position in Domino’s Pizza by 3.1% in the fourth quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock valued at $358,000 after purchasing an additional 26 shares in the last quarter. Stephens Inc. AR grew its position in Domino’s Pizza by 1.3% in the fourth quarter. Stephens Inc. AR now owns 2,413 shares of the restaurant operator’s stock valued at $1,013,000 after purchasing an additional 31 shares in the last quarter. Principal Securities Inc. grew its position in Domino’s Pizza by 3.3% in the fourth quarter. Principal Securities Inc. now owns 1,076 shares of the restaurant operator’s stock valued at $452,000 after purchasing an additional 34 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in Domino’s Pizza by 10.3% in the third quarter. First Horizon Advisors Inc. now owns 429 shares of the restaurant operator’s stock valued at $185,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Up 1.5 %

Shares of Domino’s Pizza stock opened at $489.71 on Friday. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The company has a 50-day simple moving average of $444.92 and a two-hundred day simple moving average of $436.26. The stock has a market capitalization of $16.80 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm earned $4.48 EPS. Domino’s Pizza’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $1.74 dividend. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.70%.

Wall Street Analyst Weigh In

DPZ has been the subject of a number of analyst reports. TD Securities reissued a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday, February 24th. Citigroup lifted their price objective on shares of Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. TD Cowen reissued a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday, February 24th. Barclays lifted their price objective on shares of Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average target price of $503.41.

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.