Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Sold by North Star Investment Management Corp.

North Star Investment Management Corp. trimmed its holdings in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 16.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 266 shares of the restaurant operator’s stock after selling 51 shares during the quarter. North Star Investment Management Corp.’s holdings in Domino’s Pizza were worth $122,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Sherman Asset Management Inc. purchased a new stake in Domino’s Pizza during the 4th quarter worth approximately $25,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Domino’s Pizza during the fourth quarter worth approximately $25,000. Brown Brothers Harriman & Co. increased its stake in shares of Domino’s Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares during the last quarter. Covestor Ltd raised its holdings in Domino’s Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Domino’s Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Reddy Sandeep sold 399 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the completion of the sale, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. This trade represents a 4.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Stephens reissued an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a research report on Wednesday, April 2nd. TD Securities reiterated a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research note on Monday, April 28th. Citigroup boosted their price objective on Domino’s Pizza from $480.00 to $500.00 and gave the company a “neutral” rating in a report on Tuesday, April 29th. Morgan Stanley increased their target price on Domino’s Pizza from $492.00 to $510.00 and gave the stock an “overweight” rating in a report on Tuesday, April 29th. Finally, BMO Capital Markets boosted their price target on Domino’s Pizza from $515.00 to $540.00 and gave the company an “outperform” rating in a report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $487.17.

Domino’s Pizza Stock Up 0.5%

Domino’s Pizza stock opened at $454.45 on Tuesday. The company has a 50 day moving average of $474.54 and a 200-day moving average of $458.18. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $535.98. The stock has a market capitalization of $15.56 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating the consensus estimate of $4.12 by $0.21. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.58 EPS. Equities analysts anticipate 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. Shareholders of record on Friday, June 13th will be paid 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 1.53%. Domino’s Pizza’s dividend payout ratio is 39.91%.

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.