Steve Mandel‘s hedge fund firm Lone Pine Capital has filed a 13G with the SEC regarding its stake in Dominos Pizza (DPZ). Per the filing, Lone Pine now owns 5{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6} of Dominos Pizza with over 2.07 million shares as of August 20th.
This is up from the 1.24 million shares Lone Pine disclosed at the end of June when they established a new stake in the company. DPZ shares have fallen from a high of $285 at the end of Q2 to recent lows around $226.
As a reminder, Steve Mandel stepped down from day-to-day management of the portfolio and handed those duties off to managers Dave Craver, Mala Gaonkar, and Kelly Granat (though others are also now listed on the SEC filings).
Per Yahoo Finance, Dominos Pizza “through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino’s brand name through company-owned and franchised stores. As of August 20, 2019, it operated through approximately 16,300 stores in 85 markets. The company was founded in 1960 and is headquartered in Ann Arbor, Michigan.”
SOURCE: market folly – Read entire story here.
