Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Sold by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC lessened its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 50.9% in the 4th quarter, Holdings Channel reports. The firm owned 15,000 shares of the restaurant operator’s stock after selling 15,527 shares during the period. Lighthouse Investment Partners LLC’s holdings in Domino’s Pizza were worth $6,296,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc increased its holdings in Domino’s Pizza by 86.5% in the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after purchasing an additional 1,104,744 shares during the last quarter. Norges Bank acquired a new stake in Domino’s Pizza in the 4th quarter valued at approximately $250,571,000. Invesco Ltd. increased its holdings in Domino’s Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after purchasing an additional 191,752 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in Domino’s Pizza in the 4th quarter valued at approximately $56,647,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Domino’s Pizza in the 4th quarter valued at approximately $41,701,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Activity at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 5,416 shares of the company’s 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 directly owns 793 shares of the company’s stock, valued at approximately $346,541. This represents a 87.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the sale, the executive vice president now directly owns 5,699 shares of the company’s stock, valued at $2,486,359.72. The trade was 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 ninety days. Insiders own 0.83% of the company’s stock.

Domino’s Pizza Price Performance

Shares of DPZ opened at $482.11 on Tuesday. Domino’s Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $538.44. The stock has a market cap of $16.51 billion, a PE ratio of 29.61, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The firm has a fifty day moving average price of $464.30 and a 200 day moving average price of $452.84.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, beating 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 firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the company earned $3.58 earnings per share. Domino’s Pizza’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $1.74 dividend. The ex-dividend date is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a yield of 1.44%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.91%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DPZ shares. Guggenheim lifted their target price on shares of Domino’s Pizza from $450.00 to $460.00 and gave the company a “neutral” rating in a report on Tuesday, April 22nd. TD Cowen restated a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research note on Monday, February 24th. Morgan Stanley boosted their price target on shares of Domino’s Pizza from $492.00 to $510.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 29th. Stephens restated an “equal weight” rating and issued a $440.00 price target on shares of Domino’s Pizza in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company boosted their price target on shares of Domino’s Pizza from $445.00 to $465.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 29th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $498.50.

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.