Domino’s Pizza, Inc. (NYSE:DPZ) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management increased its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 79.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,974 shares of the restaurant operator’s stock after acquiring an additional 1,759 shares during the quarter. Ritholtz Wealth Management’s holdings in Domino’s Pizza were worth $1,638,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of DPZ. Vanguard Group Inc. raised its stake in Domino’s Pizza by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,884,266 shares of the restaurant operator’s stock valued at $1,580,935,000 after buying an additional 28,157 shares in the last quarter. Principal Financial Group Inc. raised its stake in Domino’s Pizza by 4.2% during the third quarter. Principal Financial Group Inc. now owns 1,704,241 shares of the restaurant operator’s stock valued at $645,549,000 after buying an additional 68,317 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Domino’s Pizza by 23.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,616,607 shares of the restaurant operator’s stock valued at $559,993,000 after buying an additional 306,750 shares in the last quarter. State Street Corp raised its stake in Domino’s Pizza by 3.9% during the second quarter. State Street Corp now owns 1,532,276 shares of the restaurant operator’s stock valued at $516,362,000 after buying an additional 56,942 shares in the last quarter. Finally, FMR LLC raised its stake in Domino’s Pizza by 16.0% during the third quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock valued at $541,202,000 after buying an additional 197,413 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DPZ. Argus upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and set a $530.00 price objective on the stock in a research note on Tuesday, February 27th. Stephens upped their target price on Domino’s Pizza from $365.00 to $400.00 and gave the company an “equal weight” rating in a report on Friday, December 8th. Stifel Nicolaus upped their target price on Domino’s Pizza from $440.00 to $470.00 and gave the company a “buy” rating in a report on Thursday, January 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $430.00 target price (up from $420.00) on shares of Domino’s Pizza in a report on Tuesday, February 27th. Finally, UBS Group upped their target price on Domino’s Pizza from $480.00 to $526.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $441.79.

Domino’s Pizza Stock Performance

Shares of NYSE:DPZ opened at $496.85 on Friday. The stock’s 50-day moving average is $439.09 and its 200-day moving average is $402.16. Domino’s Pizza, Inc. has a 52-week low of $285.84 and a 52-week high of $497.14. The company has a market cap of $17.31 billion, a P/E ratio of 33.87, a P/E/G ratio of 2.49 and a beta of 0.85.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Monday, February 26th. The restaurant operator reported $4.48 EPS for the quarter, topping analysts’ consensus estimates of $4.38 by $0.10. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the company earned $4.43 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, equities analysts predict that Domino’s Pizza, Inc. will post 15.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $1.51 dividend. The ex-dividend date is Thursday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.21. This represents a $6.04 dividend on an annualized basis and a yield of 1.22%. Domino’s Pizza’s dividend payout ratio is presently 41.17%.

Insider Buying and Selling

In other news, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the transaction, the executive vice president now directly owns 4,103 shares in the company, valued at approximately $1,852,586.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.76% 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.