Greenwood Capital Associates LLC Raises Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Greenwood Capital Associates LLC grew its stake in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 45.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,099 shares of the restaurant operator's stock after purchasing an additional 656 shares during the quarter. Greenwood Capital Associates LLC's holdings in Domino's Pizza were worth $964,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sherman Asset Management Inc. bought a new stake in Domino's Pizza in the fourth quarter valued at $25,000. Wood Tarver Financial Group LLC purchased a new stake in shares of Domino's Pizza in the 4th quarter worth approximately $25,000. Brown Brothers Harriman & Co. raised its stake in Domino's Pizza by 1,016.7% during the fourth 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 during the last quarter. Covestor Ltd boosted its holdings in Domino's Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock worth $34,000 after acquiring an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Domino's Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 94.63% of the company's stock.

Insider Activity

In other news, EVP Reddy Sandeep sold 399 shares of the 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 transaction, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. This represents a 4.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.83% of the company's stock.

Domino's Pizza Stock Up 0.3%

NASDAQ:DPZ traded up $1.15 during trading hours on Friday, hitting $452.15. 852,857 shares of the stock traded hands, compared to its average volume of 634,061. The company has a market cap of $15.48 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11. Domino's Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $535.98. The stock has a 50 day moving average price of $473.64 and a 200 day moving average price of $458.67.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping analysts' consensus estimates of $4.12 by $0.21. The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.12 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm's revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.58 EPS. Equities analysts forecast that Domino's Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Friday, June 13th. Domino's Pizza's dividend payout ratio (DPR) is presently 39.91%.

Wall Street Analysts Forecast Growth

DPZ has been the topic of several recent analyst reports. TD Securities reissued a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a research report on Monday, April 28th. Stephens reiterated an "equal weight" rating and set a $440.00 price target on shares of Domino's Pizza in a report on Wednesday, April 2nd. Wells Fargo & Company upped their price objective on Domino's Pizza from $445.00 to $465.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 29th. Redburn Atlantic initiated coverage on Domino's Pizza in a research note on Tuesday. They set a "sell" rating and a $340.00 target price on the stock. Finally, Citigroup boosted 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $492.16.

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.