AMI Asset Management Corp Has $1.09 Million Holdings in Domino's Pizza Inc (NASDAQ:DPZ)

AMI Asset Management Corp grew its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 69.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,364 shares of the restaurant operator's stock after acquiring an additional 972 shares during the period. AMI Asset Management Corp's holdings in Domino's Pizza were worth $1,086,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DPZ. Oppenheimer & Co. Inc. increased its stake in Domino's Pizza by 2.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator's stock worth $486,000 after buying an additional 23 shares during the period. EverSource Wealth Advisors LLC increased its stake in 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 buying an additional 26 shares during the period. Larson Financial Group LLC increased its stake in Domino's Pizza by 2.8% during the 4th quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator's stock worth $427,000 after buying an additional 28 shares during the period. Robbins Farley increased its stake in Domino's Pizza by 0.3% during the 1st quarter. Robbins Farley now owns 8,349 shares of the restaurant operator's stock worth $3,836,000 after buying an additional 29 shares during the period. Finally, M&T Bank Corp increased its stake in Domino's Pizza by 1.0% during the 4th quarter. M&T Bank Corp now owns 3,172 shares of the restaurant operator's stock worth $1,332,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 94.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently 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 note on Monday, April 28th. Morgan Stanley lifted their price target on shares of Domino's Pizza from $492.00 to $510.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 29th. Robert W. Baird raised their price objective on shares of Domino's Pizza from $500.00 to $535.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Bank of America raised their price objective on shares of Domino's Pizza from $520.00 to $549.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, Stephens reissued an "equal weight" rating and set a $440.00 price objective on shares of Domino's Pizza in a report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $487.17.

Insider Activity

In other news, EVP Reddy Sandeep sold 399 shares of the company's stock in a transaction on 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 directly owns 8,756 shares of the company's stock, valued at $4,046,848.08. This represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.83% of the stock is currently owned by company insiders.

Domino's Pizza Price Performance

Shares of Domino's Pizza stock traded down $8.33 during trading on Friday, hitting $446.39. The stock had a trading volume of 963,247 shares, compared to its average volume of 641,818. The firm has a market cap of $15.28 billion, a P/E ratio of 25.60, a PEG ratio of 2.59 and a beta of 1.11. The business has a fifty day moving average of $472.61 and a two-hundred day moving average of $457.65. Domino's Pizza Inc has a fifty-two week low of $396.06 and a fifty-two week high of $521.50.

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 the consensus estimate of $4.12 by $0.21. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. 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 prior year, the firm posted $3.58 earnings per share. The company's revenue was up 2.5% on a year-over-year basis. As a group, research analysts forecast that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend yield of 1.56%. The ex-dividend date is Friday, June 13th. Domino's Pizza's dividend payout ratio is 39.91%.

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.