Domino's Pizza Inc $DPZ Shares Bought by Asset Management Group Inc.

Key Points

• Asset Management Group Inc increased its stake in Domino's Pizza Inc by 19.0%, owning a total of 23,041 shares worth approximately $10.6 million.
• Berkshire Hathaway Inc significantly raised its holdings in Domino's Pizza by 86.5%, now owning over 2.3 million shares valued at nearly $1 billion.
• Domino's recently announced a quarterly dividend of $1.74 per share, which represents an annualized yield of 1.5%.

Asset Management Group Inc. lifted its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,041 shares of the restaurant operator's stock after purchasing an additional 3,685 shares during the period. Domino's Pizza comprises about 2.0% of Asset Management Group Inc.'s portfolio, making the stock its 19th largest holding. Asset Management Group Inc. owned 0.07% of Domino's Pizza worth $10,586,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Alpine Bank Wealth Management purchased a new stake in shares of Domino's Pizza in the first quarter valued at approximately $25,000. LRI Investments LLC purchased a new position in shares of Domino's Pizza during the 1st quarter valued at approximately $27,000. Zions Bancorporation National Association UT acquired a new stake in Domino's Pizza in the 1st quarter valued at $27,000. Wood Tarver Financial Group LLC purchased a new stake in Domino's Pizza in the 4th quarter worth $25,000. Finally, Cary Street Partners Financial LLC acquired a new position in Domino's Pizza during the fourth quarter worth $53,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

Insider Activity at Domino's Pizza

In related news, Director James A. Goldman sold 1,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the transaction, the director directly owned 3,384 shares in the company, valued at approximately $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.83% of the company's stock.

Domino's Pizza Stock Up 2.7%

Shares of DPZ traded up $12.05 during midday trading on Monday, reaching $463.04. The company had a trading volume of 288,320 shares, compared to its average volume of 645,944. Domino's Pizza Inc has a 1-year low of $396.06 and a 1-year high of $500.55. The firm has a 50 day simple moving average of $457.86 and a 200-day simple moving average of $465.11. The stock has a market cap of $15.72 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.93 by ($0.12). Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the business posted $4.03 earnings per share. Domino's Pizza's revenue for the quarter was up 4.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, September 15th. Domino's Pizza's payout ratio is presently 40.42%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DPZ shares. BTIG Research set a $530.00 target price on shares of Domino's Pizza and gave the company a "buy" rating 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 report on Tuesday, April 29th. Morgan Stanley boosted their price objective on Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. TD Securities reissued a "buy" rating and set a $490.00 target price on shares of Domino's Pizza in a report on Monday, April 28th. Finally, Citigroup lifted their price target on Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Domino's Pizza currently has an average rating of "Moderate Buy" and an average target price of $489.67.

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.