Lighthouse Investment Partners LLC Sells 15,527 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

Lighthouse Investment Partners LLC cut its holdings in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 50.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,000 shares of the restaurant operator's stock after selling 15,527 shares during the quarter. Lighthouse Investment Partners LLC's holdings in Domino's Pizza were worth $6,296,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DPZ. Sherman Asset Management Inc. acquired a new stake in Domino's Pizza during the 4th quarter worth approximately $25,000. Brown Brothers Harriman & Co. lifted its stake in Domino's Pizza by 1,016.7% in the 4th 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 position in Domino's Pizza by 158.1% during the 4th 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 grew its stake in shares of Domino's Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 26 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in shares of Domino's Pizza during the 4th quarter worth approximately $42,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino's Pizza Stock Up 1.9%

NASDAQ:DPZ traded up $9.14 on Friday, hitting $495.05. The stock had a trading volume of 349,291 shares, compared to its average volume of 623,998. The company has a market cap of $16.95 billion, a PE ratio of 30.41, a P/E/G 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 business's fifty day moving average is $465.53 and its 200 day moving average is $453.74.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating analysts' consensus estimates of $4.12 by $0.21. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. Domino's Pizza's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.58 EPS. Equities analysts predict that Domino's Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued 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 (DPR) is currently 39.91%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DPZ shares. TD Securities reaffirmed a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a research report on Monday, April 28th. Argus reiterated a "hold" rating and issued a $490.00 price objective on shares of Domino's Pizza in a research note on Tuesday, April 29th. BTIG Research set a $530.00 price objective on shares of Domino's Pizza and gave the stock a "buy" rating in a research report on Monday, April 28th. Loop Capital upped their price objective on Domino's Pizza from $555.00 to $564.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, Barclays dropped their price target on Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $498.50.

Insider Activity at Domino's Pizza

In other Domino's Pizza news, CFO Reddy Sandeep sold 1,077 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the sale, the chief financial officer now directly owns 8,081 shares in the company, valued at $3,581,499.20. The trade was a 11.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of Domino's Pizza stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the transaction, the executive vice president now owns 793 shares of the company's stock, valued at $346,541. The trade was a 87.23% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,996 shares of company stock valued at $3,946,461. 0.83% of the stock is owned by insiders.

About Domino's Pizza

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.