BI Asset Management Fondsmaeglerselskab A S Raises Holdings in Domino's Pizza, Inc. (NASDAQ:DPZ)

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 342.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,039 shares of the restaurant operator's stock after buying an additional 1,578 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Domino's Pizza were worth $856,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Sherman Asset Management Inc. acquired a new stake in Domino's Pizza in the 4th quarter worth about $25,000. Brown Brothers Harriman & Co. lifted its position 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 valued at $28,000 after acquiring an additional 61 shares in the last quarter. Covestor Ltd boosted its stake 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 acquiring an additional 49 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Domino's Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 26 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in Domino's Pizza in the 4th quarter valued at $42,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DPZ. Argus lowered shares of Domino's Pizza from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Wedbush reaffirmed an "outperform" rating and set a $500.00 price objective on shares of Domino's Pizza in a research note on Tuesday, February 25th. Loop Capital raised their target price on shares of Domino's Pizza from $555.00 to $564.00 and gave the stock a "buy" rating in a research note on Tuesday. Morgan Stanley boosted their target price on Domino's Pizza from $492.00 to $510.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Guggenheim lifted their price objective on Domino's Pizza from $450.00 to $460.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $504.00.

Domino's Pizza Stock Up 0.7 %

NASDAQ DPZ traded up $3.45 during trading on Tuesday, hitting $494.09. The stock had a trading volume of 148,774 shares, compared to its average volume of 628,031. The company has a market capitalization of $16.95 billion, a PE ratio of 30.29, a PEG ratio of 2.47 and a beta of 1.15. The firm has a 50 day moving average price of $462.91 and a 200 day moving average price of $448.85. Domino's Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.12 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.58 earnings per share. On average, sell-side analysts anticipate that Domino's Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino's Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $1.74 dividend. This is a boost from Domino's Pizza's previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Friday, March 14th. Domino's Pizza's dividend payout ratio (DPR) is presently 39.91%.

Insider Buying and Selling

In related 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 value of $917,933.12. Following the transaction, the executive vice president now owns 5,699 shares of the company's stock, valued at $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Reddy Sandeep sold 399 shares of Domino's Pizza stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the sale, the executive vice president now directly owns 8,756 shares of the company's stock, valued at $4,046,848.08. This trade represents a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock valued at $3,946,461 in the last three months. 0.83% of the stock is owned by corporate insiders.

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.