Harbour Investments Inc. Purchases 2,480 Shares of Domino’s Pizza Inc $DPZ

Harbour Investments Inc. increased its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 3,701.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,547 shares of the restaurant operator’s stock after acquiring an additional 2,480 shares during the quarter. Harbour Investments Inc.’s holdings in Domino’s Pizza were worth $1,062,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DPZ. Jump Financial LLC bought a new position in Domino’s Pizza in the 2nd quarter worth about $3,183,000. Investment Management Corp of Ontario boosted its stake in Domino’s Pizza by 68.3% in the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock worth $718,000 after purchasing an additional 647 shares in the last quarter. Sei Investments Co. boosted its stake in Domino’s Pizza by 21.7% in the 2nd quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock worth $36,480,000 after purchasing an additional 14,452 shares in the last quarter. Glenview Trust co boosted its stake in Domino’s Pizza by 36.9% in the 2nd quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock worth $511,000 after purchasing an additional 306 shares in the last quarter. Finally, HUB Investment Partners LLC boosted its stake in Domino’s Pizza by 17.3% in the 2nd quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock worth $596,000 after purchasing an additional 195 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 488 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $2,928,672.32. This represents a 4.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.89% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Evercore dropped their price target on shares of Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Stifel Nicolaus set a $400.00 price target on shares of Domino’s Pizza in a research note on Monday, April 27th. Jefferies Financial Group dropped their price target on shares of Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. William Blair set a $540.00 price target on shares of Domino’s Pizza in a research note on Monday, February 23rd. Finally, BTIG Research decreased their target price on Domino’s Pizza from $500.00 to $450.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $418.13.

Domino’s Pizza Trading Up 0.1%

NASDAQ:DPZ opened at $310.56 on Friday. The company has a 50 day simple moving average of $344.86 and a two-hundred day simple moving average of $386.02. The company has a market cap of $10.33 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.44 and a beta of 1.02. Domino’s Pizza Inc has a 12 month low of $297.48 and a 12 month high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.16). The firm had revenue of $1.15 billion for the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. Domino’s Pizza’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.33 earnings per share. Research analysts forecast that Domino’s Pizza Inc will post 19.14 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Domino’s Pizza’s dividend payout ratio is presently 45.83%.

Domino’s Pizza Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.