GeoWealth Management LLC Sells 88 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

GeoWealth Management LLC decreased its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 9.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 894 shares of the restaurant operator’s stock after selling 88 shares during the period. GeoWealth Management LLC’s holdings in Domino’s Pizza were worth $375,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. increased its holdings in Domino’s Pizza by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock valued at $716,681,000 after acquiring an additional 23,681 shares during the last quarter. SkyView Investment Advisors LLC boosted its holdings in shares of Domino’s Pizza by 11.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 2,853 shares of the restaurant operator’s stock valued at $1,227,000 after purchasing an additional 295 shares during the last quarter. Tidal Investments LLC grew its position in shares of Domino’s Pizza by 737.1% during the third quarter. Tidal Investments LLC now owns 57,441 shares of the restaurant operator’s stock valued at $24,708,000 after purchasing an additional 50,579 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Domino’s Pizza by 42.8% in the third quarter. Franklin Resources Inc. now owns 27,031 shares of the restaurant operator’s stock worth $11,571,000 after purchasing an additional 8,103 shares during the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new stake in shares of Domino’s Pizza in the third quarter worth about $1,649,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analysts Set New Price Targets

DPZ has been the subject of several research analyst reports. Wedbush restated an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. TD Securities reissued a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday, March 31st. BMO Capital Markets upped their price target on shares of Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. TD Cowen reissued a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday, February 24th. Finally, Robert W. Baird lowered their price target on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $496.88.

Domino’s Pizza Price Performance

DPZ stock opened at $468.27 on Tuesday. Domino’s Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $542.75. The business has a 50-day moving average price of $461.87 and a 200 day moving average price of $446.29. The company has a market capitalization of $16.06 billion, a P/E ratio of 28.76, a PEG ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last announced 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 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%. Domino’s Pizza’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.48 EPS. On average, analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share 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. Stockholders of record on Friday, March 14th were given a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.49%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Friday, March 14th. Domino’s Pizza’s payout ratio is presently 41.70%.

Insider Buying and Selling

In other news, EVP Kevin Scott Morris sold 5,416 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value 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 $346,541. This trade represents a 87.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Reddy Sandeep sold 399 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at $4,046,848.08. This represents a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock worth $3,946,461 in the last three months. 0.83% of the stock is owned by 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.