Benchstone Capital Management LP Purchases Shares of 8,204 Domino's Pizza, Inc. (NASDAQ:DPZ)

Benchstone Capital Management LP bought a new stake in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,204 shares of the restaurant operator's stock, valued at approximately $3,444,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Berkshire Hathaway Inc raised its holdings in Domino's Pizza by 86.5% in the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock worth $999,868,000 after purchasing an additional 1,104,744 shares in the last quarter. Norges Bank purchased a new stake in shares of Domino's Pizza in the 4th quarter worth about $250,571,000. Invesco Ltd. increased its stake in shares of Domino's Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after acquiring an additional 191,752 shares in the last quarter. Freestone Grove Partners LP purchased a new position in Domino's Pizza during the 4th quarter valued at about $56,647,000. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Domino's Pizza during the fourth quarter worth about $41,701,000. Institutional investors own 94.63% of the company's stock.

Insiders Place Their Bets

In related news, EVP Reddy Sandeep sold 399 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 8,756 shares in the company, valued at approximately $4,046,848.08. This trade represents a 4.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the transaction, the executive vice president now directly owns 793 shares in the company, valued at approximately $346,541. This represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock worth $3,946,461 over the last three months. 0.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on DPZ. TD Cowen reaffirmed a "buy" rating and set a $490.00 target price on shares of Domino's Pizza in a research note on Monday, February 24th. Oppenheimer raised their price objective on Domino's Pizza from $490.00 to $495.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Hsbc Global Res raised Domino's Pizza to a "strong-buy" rating in a report on Tuesday, April 22nd. Benchmark upped their price target on shares of Domino's Pizza from $520.00 to $535.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, Loop Capital raised their price objective on shares of Domino's Pizza from $555.00 to $564.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Domino's Pizza has an average rating of "Moderate Buy" and an average price target of $498.50.

Domino's Pizza Stock Performance

Shares of DPZ stock traded up $1.87 during mid-day trading on Tuesday, reaching $479.71. 458,713 shares of the company's stock traded hands, compared to its average volume of 621,570. The firm has a market capitalization of $16.43 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $538.44. The firm has a 50 day moving average price of $464.63 and a two-hundred day moving average price of $451.05.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $1.12 billion. During the same quarter in the previous year, the company posted $3.58 earnings per share. Domino's Pizza's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities 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 company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.45%. The ex-dividend date is Friday, June 13th. Domino's Pizza's dividend payout ratio is currently 39.91%.

Domino's Pizza 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.