AGP Franklin LLC Acquires Shares of 5,107 Domino’s Pizza, Inc. (NASDAQ:DPZ)

AGP Franklin LLC bought a new position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) during the fourth quarter, Holdings Channel.com reports. The firm bought 5,107 shares of the restaurant operator’s stock, valued at approximately $2,144,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DPZ. Principal Financial Group Inc. grew its holdings in Domino’s Pizza by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after purchasing an additional 21,705 shares during the period. Geode Capital Management LLC grew its stake in shares of Domino’s Pizza by 10.7% in the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock worth $403,203,000 after buying an additional 92,389 shares during the last quarter. Invesco Ltd. increased its position in Domino’s Pizza by 46.0% during the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after buying an additional 191,752 shares in the last quarter. Norges Bank purchased a new position in Domino’s Pizza during the fourth quarter valued at $250,571,000. Finally, Envestnet Asset Management Inc. raised its stake in Domino’s Pizza by 1.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 369,307 shares of the restaurant operator’s stock valued at $155,020,000 after buying an additional 5,840 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 2,104 shares of Domino’s Pizza stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the sale, the executive vice president now directly owns 5,699 shares in the company, valued at approximately $2,486,359.72. The trade was a 26.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Reddy Sandeep sold 399 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares of the company’s stock, valued at $4,046,848.08. This trade represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,996 shares of company stock worth $3,946,461. Corporate insiders own 0.83% of the company’s stock.

Domino’s Pizza Stock Up 3.0 %

DPZ stock opened at $475.87 on Tuesday. The business’s 50-day moving average price is $462.37 and its 200-day moving average price is $444.88. The stock has a market cap of $16.32 billion, a P/E ratio of 29.23, a PEG ratio of 2.47 and a beta of 1.15. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results 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). The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. Domino’s Pizza’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.48 EPS. On average, equities research analysts expect 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 was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $1.74 dividend. The ex-dividend date was Friday, March 14th. This represents a $6.96 annualized dividend and a yield of 1.46%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is currently 41.70%.

Wall Street Analyst Weigh In

DPZ has been the topic of a number of recent research reports. Citigroup cut their target price on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Oppenheimer increased their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Wedbush restated an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 25th. Robert W. Baird lowered their price objective on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. Finally, TD Cowen reissued a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $499.69.

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.