Paragon Capital Management Ltd Acquires New Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Paragon Capital Management Ltd acquired a new position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,557 shares of the restaurant operator's stock, valued at approximately $715,000.

Several other institutional investors and hedge funds have also made changes to their positions in DPZ. Sherman Asset Management Inc. acquired a new stake in shares of Domino's Pizza during the fourth quarter worth $25,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Domino's Pizza during the fourth quarter worth $25,000. Brown Brothers Harriman & Co. lifted its stake in shares of 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 worth $28,000 after buying an additional 61 shares during the period. Covestor Ltd lifted its stake in shares of Domino's Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock worth $34,000 after buying an additional 49 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Domino's Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after buying an additional 26 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Domino's Pizza

In related news, EVP Reddy Sandeep sold 399 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.83% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DPZ shares. BTIG Research set a $530.00 target price on shares of Domino's Pizza and gave the company a "buy" rating in a research report on Monday, April 28th. Barclays decreased their target price on shares of Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating for the company in a research report on Wednesday, April 30th. Guggenheim restated a "neutral" rating on shares of Domino's Pizza in a research report on Thursday, May 15th. Benchmark boosted their target price on shares of Domino's Pizza from $520.00 to $535.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Finally, 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. Two analysts have 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $492.16.

Domino's Pizza Stock Performance

Shares of DPZ stock traded up $1.15 on Friday, reaching $452.15. 852,857 shares of the company were exchanged, 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 P/E/G ratio of 2.47 and a beta of 1.11. The business has a 50-day moving average price of $473.64 and a 200 day moving average price of $458.67. Domino's Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $535.98.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its 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 business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.12 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.58 earnings per share. As a group, equities analysts anticipate 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 announced 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. The ex-dividend date is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.54%. Domino's Pizza's dividend payout ratio is currently 39.91%.

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.