Value Partners Investments Inc. Grows Position in Domino's Pizza Inc (NASDAQ:DPZ)

Value Partners Investments Inc. grew its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 317.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 7,397 shares of the restaurant operator's stock after buying an additional 5,625 shares during the quarter. Value Partners Investments Inc.'s holdings in Domino's Pizza were worth $3,401,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Sherman Asset Management Inc. bought a new position in Domino's Pizza in the fourth quarter worth about $25,000. Wood Tarver Financial Group LLC bought a new position in shares of Domino's Pizza in the 4th quarter worth approximately $25,000. Alpine Bank Wealth Management bought a new position in shares of Domino's Pizza in the 1st quarter worth approximately $25,000. Brown Brothers Harriman & Co. lifted its stake in shares of Domino's Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 61 shares during the period. Finally, Covestor Ltd boosted its position in shares of Domino's Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 49 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Domino's Pizza Price Performance

Shares of NASDAQ:DPZ traded up $1.59 during trading on Thursday, hitting $454.72. 604,122 shares of the company's stock were exchanged, compared to its average volume of 637,503. The business's 50-day simple moving average is $473.26 and its 200 day simple moving average is $457.73. Domino's Pizza Inc has a 52-week low of $396.06 and a 52-week high of $526.66. The company has a market cap of $15.57 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 2.62 and a beta of 1.11.

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 (EPS) for the quarter, beating analysts' consensus estimates of $4.12 by $0.21. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. Domino's Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. The company's revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm posted $3.58 EPS. On average, sell-side analysts anticipate 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. Investors of record on Friday, June 13th will be paid a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Friday, June 13th. Domino's Pizza's payout ratio is 39.91%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DPZ shares. Redburn Atlantic initiated coverage on shares of Domino's Pizza in a research report on Tuesday, June 10th. They issued a "sell" rating and a $340.00 target price on the stock. TD Securities restated a "buy" rating and issued a $490.00 price objective on shares of Domino's Pizza in a report on Monday, April 28th. Barclays decreased their target price on shares of Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th. Bank of America boosted their price target on Domino's Pizza from $520.00 to $549.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, Wells Fargo & Company upped their price target on Domino's Pizza from $445.00 to $465.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $487.17.

Insider Buying and Selling

In related news, EVP Reddy Sandeep sold 399 shares of the firm'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 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 approximately $4,046,848.08. This trade represents a 4.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.83% of the stock is currently owned by company insiders.

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.