Novem Group Invests $315,000 in Domino's Pizza, Inc. (NASDAQ:DPZ)

Novem Group acquired a new position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 750 shares of the restaurant operator's stock, valued at approximately $315,000.

A number of other hedge funds have also recently made changes to their positions in DPZ. PharVision Advisers LLC bought a new position in shares of Domino's Pizza during the 4th quarter valued at about $318,000. Worldquant Millennium Advisors LLC bought a new position in shares of Domino's Pizza during the 4th quarter valued at about $17,626,000. Woodline Partners LP bought a new position in shares of Domino's Pizza during the 4th quarter valued at about $10,648,000. Vident Advisory LLC bought a new position in shares of Domino's Pizza during the 4th quarter valued at about $237,000. Finally, Westwood Holdings Group Inc. increased its stake in Domino's Pizza by 3.6% in the 4th quarter. Westwood Holdings Group Inc. now owns 273,981 shares of the restaurant operator's stock worth $115,006,000 after acquiring an additional 9,617 shares during the last quarter. Institutional investors own 94.63% of the company's stock.

Insider Activity

In other news, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the transaction, the chief financial officer now owns 8,081 shares of the company's stock, valued at approximately $3,581,499.20. This represents a 11.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelly E. Garcia sold 2,104 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the sale, the executive vice president now owns 5,699 shares of the company's stock, valued at approximately $2,486,359.72. This represents a 26.96% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,996 shares of company stock valued at $3,946,461. Corporate insiders own 0.83% of the company's stock.

Domino's Pizza Trading Up 0.4%

NASDAQ DPZ opened at $482.26 on Friday. The company's 50-day moving average price is $471.03 and its 200-day moving average price is $456.20. The stock has a market cap of $16.51 billion, a PE ratio of 29.62, a PEG ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $538.44.

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. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the prior year, the business posted $3.58 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, sell-side analysts forecast that Domino's Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, June 13th. Domino's Pizza's dividend payout ratio is presently 39.91%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Benchmark lifted their price objective on Domino's Pizza from $520.00 to $535.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Argus reiterated a "hold" rating and set a $490.00 price objective on shares of Domino's Pizza in a research report on Tuesday, April 29th. TD Securities reiterated a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a research report on Monday, April 28th. BMO Capital Markets increased their price objective on shares of Domino's Pizza from $515.00 to $540.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Finally, Guggenheim reiterated a "neutral" rating on shares of Domino's Pizza in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $498.50.

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.

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