Sequoia Financial Advisors LLC Invests $362,000 in Domino’s Pizza, Inc. (NYSE:DPZ)

Sequoia Financial Advisors LLC purchased a new stake in Domino’s Pizza, Inc. (NYSE:DPZ) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 878 shares of the restaurant operator’s stock, valued at approximately $362,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new stake in Domino’s Pizza during the 4th quarter valued at $25,000. KB Financial Partners LLC bought a new stake in shares of Domino’s Pizza in the first quarter valued at about $32,000. Creative Financial Designs Inc. ADV lifted its stake in Domino’s Pizza by 127.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 46 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Domino’s Pizza during the 3rd quarter worth about $39,000. Finally, Quarry LP purchased a new position in Domino’s Pizza during the 2nd quarter valued at about $47,000. Institutional investors own 94.63% of the company’s stock.

Insider Activity

In related news, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the sale, the executive vice president now owns 3,910 shares in the company, valued at $1,935,762.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the transaction, the executive vice president now owns 3,910 shares in the company, valued at $1,935,762.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the sale, the executive vice president now owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DPZ shares. Argus raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $530.00 price target for the company in a research report on Tuesday, February 27th. Barclays increased their target price on Domino’s Pizza from $346.00 to $405.00 and gave the company an “underweight” rating in a research report on Tuesday, February 27th. Citigroup upped their price objective on Domino’s Pizza from $458.00 to $505.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Gordon Haskett upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and set a $467.00 target price on the stock in a research note on Tuesday, January 16th. Finally, Evercore ISI boosted their target price on shares of Domino’s Pizza from $510.00 to $560.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $460.90.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $481.66 on Friday. The stock has a market cap of $16.78 billion, a PE ratio of 32.83, a price-to-earnings-growth ratio of 2.46 and a beta of 0.86. The firm has a fifty day moving average price of $459.86 and a 200 day moving average price of $413.47. Domino’s Pizza, Inc. has a 1 year low of $285.84 and a 1 year high of $508.44.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.38 by $0.10. Domino’s Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the business posted $4.43 EPS. The company’s revenue was up .8% on a year-over-year basis. As a group, equities analysts expect that Domino’s Pizza, Inc. will post 15.76 EPS for the current year.

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $1.51 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.21. The ex-dividend date was Thursday, March 14th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.25%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.17%.

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.