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

Procyon Advisors LLC lifted its holdings in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 86.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,802 shares of the restaurant operator's stock after purchasing an additional 1,763 shares during the quarter. Procyon Advisors LLC's holdings in Domino's Pizza were worth $1,747,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in Domino's Pizza by 57.9% in the fourth quarter. Blue Trust Inc. now owns 199 shares of the restaurant operator's stock valued at $86,000 after acquiring an additional 73 shares in the last quarter. Spire Wealth Management raised its holdings in Domino's Pizza by 1,800.0% in the fourth quarter. Spire Wealth Management now owns 627 shares of the restaurant operator's stock valued at $263,000 after acquiring an additional 594 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Domino's Pizza by 14.8% during the fourth 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 in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Domino's Pizza by 2.7% during the fourth 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 holdings in Domino's Pizza by 4.7% during the fourth quarter. William Allan Corp now owns 2,912 shares of the restaurant operator's stock worth $1,222,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Analyst Ratings Changes

DPZ has been the topic of a number of research analyst reports. Morgan Stanley raised their price objective on shares of Domino's Pizza from $492.00 to $510.00 and gave the stock an "overweight" rating in a report on Tuesday, April 29th. Wells Fargo & Company raised their target price on shares of 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. Barclays dropped their price objective on Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. TD Cowen restated a "buy" rating and set a $490.00 target price on shares of Domino's Pizza in a research report on Monday, February 24th. Finally, Redburn Atlantic assumed coverage on shares of Domino's Pizza in a research report on Tuesday. They issued a "sell" rating and a $340.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $492.16.

Domino's Pizza Trading Down 2.7%

Shares of NASDAQ DPZ traded down $12.46 on Tuesday, reaching $455.49. 626,300 shares of the company traded hands, compared to its average volume of 630,331. 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 of $473.30 and a 200 day moving average of $458.88. The stock has a market capitalization of $15.60 billion, a PE ratio of 27.98, a P/E/G ratio of 2.47 and a beta of 1.11.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (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 during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the previous year, the business earned $3.58 EPS. The company's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, research analysts expect that Domino's Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Friday, June 13th. Domino's Pizza's payout ratio is currently 39.91%.

Insider Transactions at Domino's Pizza

In other news, EVP Kevin Scott Morris sold 5,416 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction 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. The trade was a 87.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Reddy Sandeep sold 399 shares of the company'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 value of $184,409.82. Following the completion of the transaction, the executive vice president now owns 8,756 shares of the company's stock, valued at approximately $4,046,848.08. This represents a 4.36% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.83% of the company's stock.

Domino's Pizza Company 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.