Domino’s Pizza Inc (NASDAQ:DPZ) Position Lifted by Value Partners Investments Inc.

Value Partners Investments Inc. raised its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 317.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,397 shares of the restaurant operator’s stock after acquiring an additional 5,625 shares during the quarter. Value Partners Investments Inc.’s holdings in Domino’s Pizza were worth $3,401,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sherman Asset Management Inc. bought a new position in shares of Domino’s Pizza in the 4th quarter worth about $25,000. Wood Tarver Financial Group LLC bought a new position in shares of Domino’s Pizza in the 4th quarter worth about $25,000. Alpine Bank Wealth Management bought a new position in shares of Domino’s Pizza in the 1st quarter worth about $25,000. Brown Brothers Harriman & Co. lifted its position in shares of Domino’s Pizza by 1,016.7% in the 4th 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. Finally, Covestor Ltd lifted its position in shares of Domino’s Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock worth $34,000 after buying an additional 49 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DPZ has been the topic of a number of recent research reports. Loop Capital raised their price target on shares of Domino’s Pizza from $555.00 to $564.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Barclays reduced their price target on shares of Domino’s Pizza from $425.00 to $420.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 30th. Bank of America raised their price target on shares of Domino’s Pizza from $520.00 to $549.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Robert W. Baird raised their price target on shares of Domino’s Pizza from $500.00 to $535.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. Finally, Guggenheim reiterated a “neutral” rating on shares of Domino’s Pizza in a research report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average price target of $487.17.

Domino’s Pizza Trading Down 1.5%

Domino’s Pizza stock opened at $453.13 on Thursday. The stock has a market cap of $15.52 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 2.62 and a beta of 1.11. The company’s 50-day moving average price is $473.26 and its two-hundred day moving average price is $457.73. Domino’s Pizza Inc has a 52 week low of $396.06 and a 52 week high of $526.66.

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 net margin of 12.84% and a negative return on equity of 15.45%. Domino’s Pizza’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $3.58 EPS. Research analysts expect that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $1.74 per share. The ex-dividend date is Friday, June 13th. This represents a $6.96 annualized dividend and a yield of 1.54%. Domino’s Pizza’s payout ratio is 39.91%.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Reddy Sandeep sold 399 shares of Domino’s Pizza stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now owns 8,756 shares of the company’s stock, valued at $4,046,848.08. The trade was a 4.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.83% of the stock is owned by corporate 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.