Quarry LP Raises Stock Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Quarry LP increased its holdings in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 101.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 394 shares of the restaurant operator’s stock after buying an additional 198 shares during the quarter. Quarry LP’s holdings in Domino’s Pizza were worth $165,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Domino’s Pizza in the fourth quarter valued at about $250,571,000. Invesco Ltd. grew its stake in shares of Domino’s Pizza by 46.0% in the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after buying an additional 191,752 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Domino’s Pizza in the fourth quarter valued at about $41,701,000. Geode Capital Management LLC grew its stake in shares of Domino’s Pizza by 10.7% in the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock valued at $403,203,000 after buying an additional 92,389 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Domino’s Pizza in the fourth quarter valued at about $32,592,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DPZ shares. Barclays raised their price objective on Domino’s Pizza from $420.00 to $425.00 and gave the company an “underweight” rating in a research note on Tuesday, April 22nd. Argus lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Wells Fargo & Company raised their price objective on Domino’s Pizza from $420.00 to $445.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 22nd. Citigroup lowered their price target on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Finally, BTIG Research set a $530.00 price objective on Domino’s Pizza and gave the stock a “buy” rating in a research note on Monday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus target price of $500.68.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $490.64 on Tuesday. The firm has a market cap of $16.83 billion, a price-to-earnings ratio of 30.14, a P/E/G ratio of 2.47 and a beta of 1.15. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The firm has a fifty day moving average price of $462.91 and a two-hundred day moving average price of $448.85.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $0.21. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.58 earnings per share. As a group, sell-side analysts expect that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $1.74 per share. 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. This represents a $6.96 dividend on an annualized basis and a yield of 1.42%. Domino’s Pizza’s payout ratio is currently 41.70%.

Insiders Place Their Bets

In related news, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now owns 793 shares in the company, valued at approximately $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Reddy Sandeep sold 399 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the sale, the executive vice president now owns 8,756 shares of the company’s stock, valued at approximately $4,046,848.08. The trade was a 4.36 % decrease in their position. 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 in the last quarter. Insiders own 0.83% of the company’s stock.

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.