Domino's Pizza, Inc. (NASDAQ:DPZ) Shares Sold by Absoluto Partners Gestao de Recursos Ltda

Absoluto Partners Gestao de Recursos Ltda trimmed its stake in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 30.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,058 shares of the restaurant operator's stock after selling 892 shares during the period. Domino's Pizza comprises 0.8% of Absoluto Partners Gestao de Recursos Ltda's holdings, making the stock its 24th largest position. Absoluto Partners Gestao de Recursos Ltda's holdings in Domino's Pizza were worth $864,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Mercer Global Advisors Inc. ADV raised its position in shares of Domino's Pizza by 53.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,648 shares of the restaurant operator's stock valued at $1,112,000 after buying an additional 917 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in Domino's Pizza in the 4th quarter valued at about $56,647,000. Perbak Capital Partners LLP boosted its holdings in shares of Domino's Pizza by 14.5% during the 4th quarter. Perbak Capital Partners LLP now owns 3,571 shares of the restaurant operator's stock worth $1,499,000 after purchasing an additional 452 shares during the last quarter. AdvisorShares Investments LLC grew its position in shares of Domino's Pizza by 325.8% in the fourth quarter. AdvisorShares Investments LLC now owns 1,418 shares of the restaurant operator's stock valued at $595,000 after purchasing an additional 1,085 shares in the last quarter. Finally, Lido Advisors LLC increased its holdings in shares of Domino's Pizza by 3,295.0% in the fourth quarter. Lido Advisors LLC now owns 71,669 shares of the restaurant operator's stock valued at $30,084,000 after purchasing an additional 69,558 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DPZ has been the topic of several analyst reports. Guggenheim lifted their price target on Domino's Pizza from $450.00 to $460.00 and gave the stock a "neutral" rating in a report on Tuesday, April 22nd. Citigroup raised their price target on shares of Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Royal Bank of Canada upped their price objective on Domino's Pizza from $500.00 to $550.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Robert W. Baird lifted their target price on Domino's Pizza from $500.00 to $535.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Finally, Bank of America raised their price objective on Domino's Pizza from $520.00 to $549.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $498.50.

Insider Buying and Selling

In related news, EVP Kelly E. Garcia sold 2,104 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $2,486,359.72. This trade represents a 26.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Reddy Sandeep sold 1,077 shares of Domino's Pizza stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total transaction of $477,326.40. Following the transaction, the chief financial officer now directly owns 8,081 shares in the company, valued at approximately $3,581,499.20. This trade represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,996 shares of company stock valued at $3,946,461. Insiders own 0.83% of the company's stock.

Domino's Pizza Stock Performance

DPZ traded up $1.87 during trading on Tuesday, reaching $479.71. The company's stock had a trading volume of 458,713 shares, compared to its average volume of 621,570. Domino's Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $538.44. The company has a market capitalization of $16.43 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The company's fifty day moving average price is $464.68 and its 200-day moving average price is $450.85.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) 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 negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter last year, the business posted $3.58 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts predict that Domino's Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $1.74 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 annualized dividend and a yield of 1.45%. Domino's Pizza's payout ratio is currently 39.91%.

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.