1,295 Shares in Domino’s Pizza, Inc. (NASDAQ:DPZ) Purchased by Optimize Financial Inc

Optimize Financial Inc purchased a new position in Domino’s Pizza, Inc. (NASDAQ:DPZ) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,295 shares of the restaurant operator’s stock, valued at approximately $544,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DPZ. Sherman Asset Management Inc. bought a new stake in shares of Domino’s Pizza during the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. boosted its position in shares of Domino’s Pizza by 1,016.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 61 shares during the last quarter. Covestor Ltd grew its stake in Domino’s Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 49 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Domino’s Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 26 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new stake in Domino’s Pizza in the 4th quarter worth $42,000. 94.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DPZ. Barclays raised their price objective on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research report on Tuesday, February 25th. BMO Capital Markets raised their price target on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Robert W. Baird reduced their price objective on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. TD Securities reiterated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, March 31st. Finally, Benchmark restated a “buy” rating and issued a $520.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $499.69.

Domino’s Pizza Stock Performance

Shares of NASDAQ DPZ opened at $462.17 on Friday. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The company has a market cap of $15.85 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 2.47 and a beta of 1.15. The business’s 50 day moving average price is $461.95 and its 200-day moving average price is $444.47.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.48 EPS. Sell-side analysts predict that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $1.74 per share. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date was Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a yield of 1.51%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.70%.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total transaction of $477,326.40. Following the transaction, the chief financial officer now directly owns 8,081 shares in the company, valued at $3,581,499.20. This represents a 11.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the sale, the executive vice president now owns 793 shares of the company’s stock, valued at approximately $346,541. This represents a 87.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock valued at $3,946,461 in the last three months. Company insiders own 0.83% of the company’s stock.

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.