Bessemer Group Inc. Trims Stock Position in Domino's Pizza Inc (NASDAQ:DPZ)

Bessemer Group Inc. reduced its stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 65.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,915 shares of the restaurant operator's stock after selling 7,526 shares during the quarter. Bessemer Group Inc.'s holdings in Domino's Pizza were worth $1,799,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in DPZ. Sherman Asset Management Inc. bought a new stake in shares of Domino's Pizza during the 4th quarter valued at $25,000. Wood Tarver Financial Group LLC bought a new stake in shares of Domino's Pizza during the 4th quarter valued at $25,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Domino's Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after buying an additional 61 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Domino's Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after buying an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings 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 valued at $38,000 after buying an additional 26 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Reddy Sandeep sold 399 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were 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 owns 8,756 shares of the company's stock, valued at $4,046,848.08. This represents a 4.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.83% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on DPZ shares. Royal Bank Of Canada boosted their target price on shares of Domino's Pizza from $500.00 to $550.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. BMO Capital Markets upped their price target on shares of Domino's Pizza from $515.00 to $540.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. BTIG Research set a $530.00 price target on shares of Domino's Pizza and gave the stock a "buy" rating in a research note on Monday, April 28th. Stephens reiterated an "equal weight" rating and issued a $440.00 price target on shares of Domino's Pizza in a research note on Wednesday, April 2nd. Finally, Guggenheim reiterated a "neutral" rating on shares of Domino's Pizza in a research note on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $487.17.

Domino's Pizza Stock Performance

DPZ opened at $446.39 on Friday. The stock has a market capitalization of $15.28 billion, a P/E ratio of 25.60, a P/E/G ratio of 2.54 and a beta of 1.11. The company's 50-day simple moving average is $472.61 and its two-hundred day simple moving average is $457.65. Domino's Pizza Inc has a 52-week low of $396.06 and a 52-week high of $516.37.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating the consensus estimate of $4.12 by $0.21. Domino's Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. The firm 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 earned $3.58 EPS. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts forecast that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given 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 payout ratio is currently 39.91%.

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.

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