Cetera Investment Advisers Purchases 1,157 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

Cetera Investment Advisers raised its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,828 shares of the restaurant operator's stock after purchasing an additional 1,157 shares during the period. Cetera Investment Advisers' holdings in Domino's Pizza were worth $5,385,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sherman Asset Management Inc. purchased a new position in shares of Domino's Pizza in the fourth quarter worth about $25,000. Brown Brothers Harriman & Co. increased its holdings in shares of 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 worth $28,000 after buying an additional 61 shares during the period. Covestor Ltd increased its holdings in shares of 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 buying an additional 49 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Domino's Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after buying an additional 26 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new position in 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.

Analyst Ratings Changes

A number of brokerages recently issued reports on DPZ. Guggenheim boosted their price target on Domino's Pizza from $450.00 to $460.00 and gave the company a "neutral" rating in a report on Tuesday, April 22nd. Citigroup boosted their price target on Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. TD Cowen restated a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a report on Monday, February 24th. Bank of America boosted their price target on Domino's Pizza from $520.00 to $549.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Finally, BTIG Research set a $530.00 price target on Domino's Pizza and gave the company a "buy" rating in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Domino's Pizza currently has a consensus rating of "Moderate Buy" and a consensus target price of $498.50.

Domino's Pizza Stock Performance

Shares of DPZ traded up $9.14 during mid-day trading on Friday, reaching $495.05. The company had a trading volume of 349,291 shares, compared to its average volume of 624,934. The company has a market capitalization of $16.95 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $538.44. The firm has a 50-day moving average price of $466.82 and a 200 day moving average price of $454.31.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued 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. 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 for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the business posted $3.58 EPS. The company's revenue was up 2.5% compared to the same quarter last year. As a group, research analysts forecast that Domino's Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The firm 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 1.41%. Domino's Pizza's dividend payout ratio is 39.91%.

Insider Buying and Selling at Domino's Pizza

In other news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the transaction, the executive vice president now directly owns 5,699 shares of the company's stock, valued at $2,486,359.72. This represents a 26.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the transaction, the executive vice president now directly owns 793 shares in the company, valued at $346,541. The trade was a 87.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,996 shares of company stock worth $3,946,461. Insiders own 0.83% of the company's stock.

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.