ABLE Financial Group LLC raised its stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 26.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,500 shares of the restaurant operator's stock after purchasing an additional 955 shares during the quarter. ABLE Financial Group LLC's holdings in Domino's Pizza were worth $1,889,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its position in Domino's Pizza by 278.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator's stock valued at $4,643,000 after purchasing an additional 8,136 shares during the period. Empowered Funds LLC raised its position in Domino's Pizza by 44.6% in the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator's stock valued at $2,398,000 after purchasing an additional 1,762 shares during the period. Alta Capital Management LLC raised its position in Domino's Pizza by 20.5% in the fourth quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator's stock valued at $2,999,000 after purchasing an additional 1,214 shares during the period. Principal Financial Group Inc. increased its position in shares of Domino's Pizza by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock worth $708,498,000 after acquiring an additional 21,705 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Domino's Pizza during the fourth quarter worth about $282,000. 94.63% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Domino's Pizza news, EVP Reddy Sandeep sold 399 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the completion of the sale, the executive vice president now directly owns 8,756 shares in the company, valued at $4,046,848.08. This represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the company'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 sale, the executive vice president now owns 793 shares of the company's stock, valued at $346,541. This trade represents a 87.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock worth $3,946,461 over the last ninety days. Company insiders own 0.83% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on DPZ shares. BTIG Research set a $530.00 target price on Domino's Pizza and gave the stock a "buy" rating in a research report on Monday, April 28th. Hsbc Global Res raised Domino's Pizza to a "strong-buy" rating in a research report on Tuesday, April 22nd. Barclays dropped their target price on Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company lifted their target price on Domino's Pizza from $445.00 to $465.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 29th. Finally, Loop Capital lifted their target price 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $498.50.
Check Out Our Latest Research Report on DPZ
Domino's Pizza Price Performance
Shares of NASDAQ DPZ traded down $1.98 during midday trading on Friday, hitting $472.54. 1,229,905 shares of the company's stock were exchanged, compared to its average volume of 630,141. The stock's 50 day moving average price is $473.18 and its 200-day moving average price is $457.65. The firm has a market cap of $16.18 billion, a P/E ratio of 29.03, a PEG ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $538.44.
Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.21. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.58 earnings per share. On average, analysts expect that Domino's Pizza, Inc. will post 16.74 EPS for the current fiscal year.
Domino's Pizza Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $1.74 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a yield of 1.47%. Domino's Pizza's dividend payout ratio (DPR) is 39.91%.
Domino's Pizza Profile
(
Free Report)
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.
See Also
Before you consider Domino's Pizza, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Domino's Pizza wasn't on the list.
While Domino's Pizza currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
