Gallacher Capital Management LLC Acquires 58 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Gallacher Capital Management LLC increased its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 12.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 531 shares of the restaurant operator’s stock after buying an additional 58 shares during the quarter. Gallacher Capital Management LLC’s holdings in Domino’s Pizza were worth $223,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Berkshire Hathaway Inc bought a new stake in Domino’s Pizza during the third quarter valued at approximately $549,399,000. Janney Montgomery Scott LLC raised its holdings in Domino’s Pizza by 278.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock worth $4,643,000 after purchasing an additional 8,136 shares during the period. Empowered Funds LLC lifted its position in Domino’s Pizza by 44.6% during the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock valued at $2,398,000 after purchasing an additional 1,762 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Domino’s Pizza by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock worth $98,545,000 after buying an additional 2,201 shares in the last quarter. Finally, Alta Capital Management LLC raised its stake in shares of Domino’s Pizza by 20.5% in the fourth quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator’s stock worth $2,999,000 after buying an additional 1,214 shares during the period. Institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DPZ has been the subject of several analyst reports. Benchmark reissued a “buy” rating and issued a $520.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 25th. Argus downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. TD Cowen reaffirmed a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. TD Securities reissued a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a report on Monday, February 24th. Finally, BMO Capital Markets upped their price objective on Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus target price of $503.41.

Domino’s Pizza Stock Down 0.7 %

DPZ opened at $425.58 on Monday. The stock’s fifty day moving average is $450.39 and its two-hundred day moving average is $438.21. The company has a market capitalization of $14.60 billion, a P/E ratio of 26.14, a PEG ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data 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). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the firm earned $4.48 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. Equities analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.64%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date is Friday, March 14th. Domino’s Pizza’s payout ratio is presently 41.70%.

Insider Buying and Selling

In other news, CFO Reddy Sandeep sold 1,077 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 8,081 shares of the company’s stock, valued at approximately $3,581,499.20. This represents a 11.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the 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 sale, the executive vice president now owns 793 shares of the company’s stock, valued at approximately $346,541. This represents a 87.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,597 shares of company stock worth $3,762,052 in the last three months. 0.76% of the stock is owned by insiders.

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.