Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Sold by Strategy Asset Managers LLC

Strategy Asset Managers LLC lessened its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 18.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 673 shares of the restaurant operator’s stock after selling 157 shares during the quarter. Strategy Asset Managers LLC’s holdings in Domino’s Pizza were worth $282,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Allstate Corp purchased a new stake in Domino’s Pizza in the 4th quarter worth approximately $427,000. Brown Brothers Harriman & Co. boosted its holdings in 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 buying an additional 61 shares in the last quarter. DnB Asset Management AS boosted its holdings in Domino’s Pizza by 11.7% during the fourth quarter. DnB Asset Management AS now owns 6,321 shares of the restaurant operator’s stock worth $2,653,000 after buying an additional 663 shares in the last quarter. Level Four Advisory Services LLC grew its position in Domino’s Pizza by 3.3% during the fourth quarter. Level Four Advisory Services LLC now owns 979 shares of the restaurant operator’s stock valued at $411,000 after buying an additional 31 shares during the period. Finally, Orion Portfolio Solutions LLC increased its holdings in Domino’s Pizza by 20.9% in the fourth quarter. Orion Portfolio Solutions LLC now owns 3,166 shares of the restaurant operator’s stock valued at $1,329,000 after buying an additional 547 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $447.12 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 50 day moving average price of $459.46 and a 200 day moving average price of $441.41. The stock has a market capitalization of $15.33 billion, a P/E ratio of 27.46, a PEG ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS 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 negative return on equity of 14.35% and a net margin of 12.26%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.48 earnings per share. Research analysts forecast that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $1.74 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a yield of 1.56%. Domino’s Pizza’s dividend payout ratio is 41.70%.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 5,416 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the transaction, the executive vice president now owns 793 shares in the company, valued at $346,541. The trade was a 87.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was 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 $2,486,359.72. This represents a 26.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,597 shares of company stock valued at $3,762,052. 0.83% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DPZ. Morgan Stanley dropped their target price on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Loop Capital dropped their price objective on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Argus downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Stephens reiterated an “equal weight” rating and set a $440.00 target price on shares of Domino’s Pizza in a research report on Monday, March 3rd. Finally, Robert W. Baird cut their price target on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Company 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.