Baxter Bros Inc. Takes Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Baxter Bros Inc. acquired a new stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 580 shares of the restaurant operator's stock, valued at approximately $266,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Berkshire Hathaway Inc increased its stake in Domino's Pizza by 86.5% in the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock valued at $999,868,000 after buying an additional 1,104,744 shares during the period. Principal Financial Group Inc. grew its position in Domino's Pizza by 1.3% in 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 in the last quarter. Geode Capital Management LLC grew its position in Domino's Pizza by 10.7% in the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock worth $403,203,000 after acquiring an additional 92,389 shares in the last quarter. Invesco Ltd. grew its position in Domino's Pizza by 46.0% in the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after acquiring an additional 191,752 shares in the last quarter. Finally, Norges Bank bought a new stake in Domino's Pizza in the fourth quarter worth approximately $250,571,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup boosted their target price on shares of Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Royal Bank of Canada boosted their target price on shares of Domino's Pizza from $500.00 to $550.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. TD Securities reaffirmed a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a report on Monday, April 28th. Benchmark upped their price objective on shares of Domino's Pizza from $520.00 to $535.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, Bank of America upped their target price on shares of Domino's Pizza from $520.00 to $549.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $498.50.

Domino's Pizza Price Performance

Shares of DPZ traded down $5.88 on Thursday, hitting $460.03. The company's stock had a trading volume of 433,338 shares, compared to its average volume of 627,447. The company has a market capitalization of $15.75 billion, a PE ratio of 28.26, a PEG ratio of 2.47 and a beta of 1.11. Domino's Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $538.44. The company has a 50 day moving average price of $473.41 and a 200 day moving average price of $458.27.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the firm earned $3.58 earnings per share. The business's revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Dividend Announcement

The business also recently disclosed 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. This represents a $6.96 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Friday, June 13th. Domino's Pizza's payout ratio is presently 39.91%.

Insiders Place Their Bets

In related news, EVP Kevin Scott Morris sold 5,416 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 793 shares in the company, valued at $346,541. The trade was a 87.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the transaction, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. This trade represents a 26.96% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,996 shares of company stock valued at $3,946,461. Insiders own 0.83% of the company's stock.

Domino's Pizza 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.