NBC Securities Inc. Makes New $395,000 Investment in Domino's Pizza, Inc. (NASDAQ:DPZ)

NBC Securities Inc. purchased a new position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 861 shares of the restaurant operator's stock, valued at approximately $395,000.

Several other large investors also recently modified their holdings of the business. Berkshire Hathaway Inc increased its holdings in shares of Domino's Pizza by 86.5% in the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock worth $999,868,000 after acquiring an additional 1,104,744 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Domino's Pizza by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock worth $708,498,000 after acquiring an additional 21,705 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Domino's Pizza by 10.7% in the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock worth $403,203,000 after acquiring an additional 92,389 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Domino's Pizza by 46.0% in the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after acquiring an additional 191,752 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Domino's Pizza in the fourth quarter worth about $250,571,000. 94.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Morgan Stanley upped their price objective on Domino's Pizza from $492.00 to $510.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 29th. Hsbc Global Res raised Domino's Pizza to a "strong-buy" rating in a research report on Tuesday, April 22nd. Argus reaffirmed a "hold" rating and set a $490.00 price objective on shares of Domino's Pizza in a research report on Tuesday, April 29th. Royal Bank of Canada upped their price objective 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. Finally, Robert W. Baird upped their price objective on Domino's Pizza from $500.00 to $535.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $498.50.

Domino's Pizza Trading Up 1.8%

Shares of DPZ traded up $8.18 during mid-day trading on Friday, reaching $468.21. The company's stock had a trading volume of 432,061 shares, compared to its average volume of 628,940. Domino's Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $538.44. The stock has a market cap of $16.03 billion, a P/E ratio of 28.76, a PEG ratio of 2.47 and a beta of 1.11. The business has a 50-day simple moving average of $473.47 and a two-hundred day simple moving average of $458.57.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released 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. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same period last year, the firm posted $3.58 earnings per share. The business's revenue was up 2.5% on a year-over-year basis. Research analysts anticipate that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $1.74 dividend. The ex-dividend date is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.49%. Domino's Pizza's payout ratio is 39.91%.

Insider Activity

In related news, EVP Kevin Scott Morris sold 5,416 shares of Domino's Pizza stock in a transaction that occurred on 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 directly owns 793 shares of the company's stock, valued at approximately $346,541. This trade represents a 87.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Reddy Sandeep sold 1,077 shares of Domino's Pizza stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the sale, the chief financial officer now directly owns 8,081 shares of the company's stock, valued at approximately $3,581,499.20. The trade was 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 valued at $3,946,461 over the last three months. 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.