Westwood Holdings Group Inc. Boosts Stock Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Westwood Holdings Group Inc. grew its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 273,981 shares of the restaurant operator’s stock after buying an additional 9,617 shares during the quarter. Domino’s Pizza accounts for 0.9% of Westwood Holdings Group Inc.’s investment portfolio, making the stock its 20th largest position. Westwood Holdings Group Inc.’s holdings in Domino’s Pizza were worth $115,006,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DPZ. Gateway Investment Advisers LLC lifted its stake in Domino’s Pizza by 97.1% during the 4th quarter. Gateway Investment Advisers LLC now owns 1,768 shares of the restaurant operator’s stock worth $742,000 after acquiring an additional 871 shares in the last quarter. Avanza Fonder AB acquired a new position in Domino’s Pizza during the fourth quarter worth approximately $946,000. Merit Financial Group LLC acquired a new position in Domino’s Pizza during the fourth quarter worth approximately $354,000. HB Wealth Management LLC increased its position in Domino’s Pizza by 6.5% during the fourth quarter. HB Wealth Management LLC now owns 891 shares of the restaurant operator’s stock worth $374,000 after buying an additional 54 shares during the period. Finally, J2 Capital Management Inc purchased a new position in shares of Domino’s Pizza in the 4th quarter valued at approximately $206,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DPZ. BMO Capital Markets lifted their price target on Domino’s Pizza from $515.00 to $540.00 and gave the company an “outperform” rating in a research note on Tuesday, April 29th. TD Cowen reiterated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, February 24th. Robert W. Baird boosted their target price on Domino’s Pizza from $500.00 to $535.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. Barclays decreased their target price on Domino’s Pizza from $425.00 to $420.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 30th. Finally, 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, April 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $498.50.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, CFO Reddy Sandeep sold 1,077 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the sale, the chief financial officer now directly owns 8,081 shares of the company’s stock, valued at approximately $3,581,499.20. The trade was a 11.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction that occurred 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 owns 5,699 shares in the company, valued at approximately $2,486,359.72. This trade represents a 26.96% decrease in their ownership of the stock. 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 over the last quarter. Company insiders own 0.83% of the company’s stock.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $495.05 on Monday. Domino’s Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $538.44. The business has a 50-day moving average of $466.82 and a 200-day moving average of $454.90. The company has a market capitalization of $16.95 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $0.21. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the business posted $3.58 earnings per share. Domino’s Pizza’s revenue for the quarter was up 2.5% on a year-over-year basis. Research analysts expect that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, June 13th. Domino’s Pizza’s dividend payout ratio is presently 39.91%.

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.