Parr Mcknight Wealth Management Group LLC Makes New Investment in Domino's Pizza, Inc. (NASDAQ:DPZ)

Parr Mcknight Wealth Management Group LLC bought a new position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,204 shares of the restaurant operator's stock, valued at approximately $925,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Berkshire Hathaway Inc raised its position in shares of Domino's Pizza by 86.5% during the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock valued at $999,868,000 after buying an additional 1,104,744 shares during the period. Principal Financial Group Inc. raised its position in shares of Domino's Pizza by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock valued at $708,498,000 after buying an additional 21,705 shares during the period. Geode Capital Management LLC raised its position in shares of Domino's Pizza by 10.7% during the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock valued at $403,203,000 after buying an additional 92,389 shares during the period. Invesco Ltd. raised its position in shares of Domino's Pizza by 46.0% during the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock valued at $255,649,000 after buying an additional 191,752 shares during the period. Finally, Norges Bank purchased a new stake in shares of Domino's Pizza during the 4th quarter valued at approximately $250,571,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DPZ has been the topic of several analyst reports. Guggenheim reaffirmed a "neutral" rating on shares of Domino's Pizza in a research report on Thursday, May 15th. Morgan Stanley boosted their price target on shares of Domino's Pizza from $492.00 to $510.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 29th. BTIG Research set a $530.00 price target on Domino's Pizza and gave the stock a "buy" rating in a report on Monday, April 28th. Wells Fargo & Company boosted their price objective on Domino's Pizza from $445.00 to $465.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 29th. Finally, TD Securities restated a "buy" rating and set a $490.00 target price on shares of Domino's Pizza in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Domino's Pizza has a consensus rating of "Moderate Buy" and a consensus price target of $498.50.

Domino's Pizza Trading Up 0.9%

DPZ traded up $4.13 during midday trading on Tuesday, reaching $484.56. The company's stock had a trading volume of 389,015 shares, compared to its average volume of 626,250. The stock has a market cap of $16.59 billion, a P/E ratio of 29.76, a PEG ratio of 2.47 and a beta of 1.15. The company has a fifty day simple moving average of $471.96 and a 200 day simple moving average of $456.86. Domino's Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $538.44.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results 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. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company's revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.58 EPS. Sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 1.44%. Domino's Pizza's dividend payout ratio is currently 39.91%.

Insiders Place Their Bets

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 value of $2,366,792.00. Following the sale, the executive vice president now directly owns 793 shares in the company, valued at $346,541. The trade was a 87.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Reddy Sandeep sold 399 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares of the company's stock, valued at $4,046,848.08. This represents a 4.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is currently owned by company insiders.

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.