Parr Mcknight Wealth Management Group LLC Acquires New Shares in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Parr Mcknight Wealth Management Group LLC acquired a new position in Domino’s Pizza, Inc. (NASDAQ:DPZ) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 2,204 shares of the restaurant operator’s stock, valued at approximately $925,000.

Other hedge funds have also bought and sold shares of the company. Sherman Asset Management Inc. bought a new position in shares of Domino’s Pizza during the 4th quarter valued at $25,000. Brown Brothers Harriman & Co. lifted its holdings in 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 valued at $28,000 after acquiring an additional 61 shares during the period. Covestor Ltd boosted its position in Domino’s Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 49 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of 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 purchasing an additional 26 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Domino’s Pizza during the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Down 0.4%

Domino’s Pizza stock opened at $480.43 on Friday. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $538.44. The firm’s fifty day moving average is $471.59 and its 200 day moving average is $456.56. The company has a market cap of $16.45 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS 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 the consensus estimate of $1.12 billion. During the same quarter last year, the firm earned $3.58 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, June 13th. Domino’s Pizza’s dividend payout ratio (DPR) is 39.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DPZ shares. Wedbush reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 25th. Hsbc Global Res upgraded shares of Domino’s Pizza to a “strong-buy” rating in a research report on Tuesday, April 22nd. Benchmark lifted their target price on shares of Domino’s Pizza from $520.00 to $535.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Morgan Stanley increased their price target on Domino’s Pizza from $492.00 to $510.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 29th. Finally, Bank of America boosted their price objective on Domino’s Pizza from $520.00 to $549.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $498.50.

Insider Activity

In other Domino’s Pizza news, EVP Reddy Sandeep sold 399 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the transaction, the executive vice president now owns 8,756 shares in the company, valued at $4,046,848.08. The trade was a 4.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelly E. Garcia sold 2,104 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the transaction, the executive vice president now owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. The trade was a 26.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,996 shares of company stock valued at $3,946,461. 0.83% of the stock is currently owned by insiders.

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.