Domino's Pizza, Inc. (NASDAQ:DPZ) Shares Bought by Procyon Advisors LLC

Procyon Advisors LLC boosted its holdings in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 86.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,802 shares of the restaurant operator's stock after purchasing an additional 1,763 shares during the period. Procyon Advisors LLC's holdings in Domino's Pizza were worth $1,747,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake in Domino's Pizza by 57.9% during the fourth quarter. Blue Trust Inc. now owns 199 shares of the restaurant operator's stock valued at $86,000 after buying an additional 73 shares in the last quarter. Spire Wealth Management boosted its stake in Domino's Pizza by 1,800.0% in the 4th quarter. Spire Wealth Management now owns 627 shares of the restaurant operator's stock worth $263,000 after purchasing an additional 594 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Domino's Pizza by 14.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,255 shares of the restaurant operator's stock worth $8,130,000 after purchasing an additional 2,484 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Domino's Pizza by 2.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,873 shares of the restaurant operator's stock worth $1,626,000 after purchasing an additional 103 shares in the last quarter. Finally, William Allan Corp raised its stake in Domino's Pizza by 4.7% during the 4th quarter. William Allan Corp now owns 2,912 shares of the restaurant operator's stock valued at $1,222,000 after purchasing an additional 131 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Domino's Pizza Price Performance

Shares of DPZ opened at $468.21 on Friday. The company has a market capitalization of $16.03 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11. Domino's Pizza, Inc. has a one year low of $396.06 and a one year high of $538.44. The company's fifty day moving average price is $473.47 and its 200 day moving average price is $458.57.

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 business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the company posted $3.58 earnings per share. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. Analysts anticipate that Domino's Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The firm also recently declared 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 1.49%. The ex-dividend date of this dividend is Friday, June 13th. Domino's Pizza's dividend payout ratio is currently 39.91%.

Insider Transactions at Domino's Pizza

In related news, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 793 shares in the company, valued at approximately $346,541. This trade represents a 87.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Reddy Sandeep sold 1,077 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the transaction, the chief financial officer now owns 8,081 shares in the company, valued at $3,581,499.20. This represents a 11.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock worth $3,946,461 over the last three months. 0.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on DPZ shares. Robert W. Baird lifted their price target on Domino's Pizza from $500.00 to $535.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Argus restated a "hold" rating and set a $490.00 price target on shares of Domino's Pizza in a report on Tuesday, April 29th. Benchmark upped their price target on shares of Domino's Pizza from $520.00 to $535.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Hsbc Global Res raised Domino's Pizza to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada upped their target price on Domino's Pizza from $500.00 to $550.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $498.50.

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.

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