Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Acquired by Covestor Ltd

Covestor Ltd lifted its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 158.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80 shares of the restaurant operator’s stock after purchasing an additional 49 shares during the period. Covestor Ltd’s holdings in Domino’s Pizza were worth $34,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DPZ. Norges Bank acquired a new stake in Domino’s Pizza in the fourth quarter valued at $250,571,000. Invesco Ltd. increased its holdings 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 acquiring an additional 191,752 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Domino’s Pizza during the fourth quarter worth about $41,701,000. Geode Capital Management LLC lifted its holdings in shares of Domino’s Pizza by 10.7% in the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock valued at $403,203,000 after purchasing an additional 92,389 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Domino’s Pizza in the fourth quarter valued at about $32,592,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analysts Set New Price Targets

DPZ has been the subject of several research reports. Loop Capital cut their price objective on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Argus downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. TD Cowen reiterated a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday, February 24th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a report on Tuesday, April 1st. Finally, Morgan Stanley lowered their price target on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $499.69.

Domino’s Pizza Stock Down 1.5 %

Domino’s Pizza stock opened at $468.56 on Wednesday. The firm has a market capitalization of $16.07 billion, a P/E ratio of 28.78, a PEG ratio of 2.47 and a beta of 1.15. The firm has a fifty day moving average of $462.33 and a 200-day moving average of $445.05. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75.

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

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is currently 41.70%.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Reddy Sandeep sold 399 shares of Domino’s Pizza stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the sale, the executive vice president now directly owns 8,756 shares of the company’s stock, valued at approximately $4,046,848.08. The trade was a 4.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the transaction, the executive vice president now directly owns 5,699 shares of the company’s stock, valued at $2,486,359.72. This represents a 26.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock valued at $3,946,461 over the last 90 days. 0.83% of the stock is owned by corporate insiders.

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.