Stone Ridge Asset Management LLC Purchases New Stake in Domino’s Pizza, Inc. (DPZ)

Stone Ridge Asset Management LLC purchased a new stake in Domino’s Pizza, Inc. (NYSE:DPZ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,094 shares of the restaurant operator’s stock, valued at approximately $323,000.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Domino’s Pizza by 5.8% in the second quarter. BlackRock Inc. now owns 5,316,377 shares of the restaurant operator’s stock valued at $1,500,121,000 after purchasing an additional 292,482 shares during the period. FMR LLC raised its position in shares of Domino’s Pizza by 150.2% in the second quarter. FMR LLC now owns 1,184,342 shares of the restaurant operator’s stock valued at $334,186,000 after purchasing an additional 711,035 shares during the period. Morgan Stanley raised its position in shares of Domino’s Pizza by 36.3% in the second quarter. Morgan Stanley now owns 290,070 shares of the restaurant operator’s stock valued at $81,849,000 after purchasing an additional 77,244 shares during the period. Bank of America Corp DE raised its position in shares of Domino’s Pizza by 41.9% in the second quarter. Bank of America Corp DE now owns 275,099 shares of the restaurant operator’s stock valued at $77,625,000 after purchasing an additional 81,286 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Domino’s Pizza by 77.9% in the third quarter. Wells Fargo & Company MN now owns 229,878 shares of the restaurant operator’s stock valued at $67,768,000 after purchasing an additional 100,668 shares during the period. 93.22% of the stock is currently owned by institutional investors.

Shares of NYSE:DPZ opened at $259.59 on Friday. Domino’s Pizza, Inc. has a 52 week low of $168.56 and a 52 week high of $305.34. The firm has a market capitalization of $10.80 billion, a PE ratio of 48.61, a PEG ratio of 1.79 and a beta of 0.41.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Tuesday, October 16th. The restaurant operator reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.20. Domino’s Pizza had a net margin of 10.60% and a negative return on equity of 11.92%. The company had revenue of $786.00 million for the quarter, compared to the consensus estimate of $789.10 million. During the same quarter in the previous year, the company earned $1.27 EPS. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. Sell-side analysts expect that Domino’s Pizza, Inc. will post 8.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be paid a $0.55 dividend. The ex-dividend date is Thursday, December 13th. This represents a $2.20 annualized dividend and a dividend yield of 0.85%. Domino’s Pizza’s dividend payout ratio is presently 41.20%.

In related news, insider J Patrick Doyle sold 25,600 shares of Domino’s Pizza stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $301.15, for a total value of $7,709,440.00. Following the completion of the transaction, the insider now directly owns 49,670 shares of the company’s stock, valued at $14,958,120.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.97% of the company’s stock.

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Domino’s Pizza from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. UBS Group started coverage on shares of Domino’s Pizza in a research note on Monday, October 22nd. They issued a “neutral” rating and a $285.00 price objective on the stock. Maxim Group restated a “buy” rating and issued a $310.00 price objective on shares of Domino’s Pizza in a research note on Friday, November 16th. Citigroup lowered their price objective on shares of Domino’s Pizza from $298.00 to $293.00 and set a “neutral” rating on the stock in a research note on Monday, October 22nd. Finally, Mizuho set a $300.00 price objective on shares of Domino’s Pizza and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Domino’s Pizza has a consensus rating of “Buy” and an average price target of $274.30.

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About Domino’s Pizza

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.

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Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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