Parr Mcknight Wealth Management Group LLC Makes New $925,000 Investment in Domino's Pizza, Inc. (NASDAQ:DPZ)

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sherman Asset Management Inc. bought a new stake in shares of Domino's Pizza during the fourth quarter worth about $25,000. Brown Brothers Harriman & Co. increased its position 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 acquiring an additional 61 shares in the last quarter. Covestor Ltd increased its position 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 acquiring an additional 49 shares in the last quarter. EverSource Wealth Advisors LLC increased its position 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 acquiring an additional 26 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in shares of Domino's Pizza during the fourth quarter worth about $42,000. 94.63% of the stock is owned by institutional investors.

Domino's Pizza Stock Down 2.1%

Shares of NASDAQ:DPZ traded down $9.93 on Thursday, hitting $473.19. The company had a trading volume of 269,505 shares, compared to its average volume of 624,738. The firm's 50-day simple moving average is $472.77 and its two-hundred day simple moving average is $457.23. Domino's Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $538.44. The firm has a market capitalization of $16.20 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 2.47 and a beta of 1.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.12 billion. During the same period last year, the company posted $3.58 EPS. The company's quarterly revenue was up 2.5% compared to the same quarter last year. Equities research analysts anticipate that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Announces Dividend

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 given a $1.74 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 annualized dividend and a dividend yield of 1.47%. Domino's Pizza's dividend payout ratio is 39.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DPZ shares. Stephens reaffirmed an "equal weight" rating and issued a $440.00 price objective on shares of Domino's Pizza in a research report on Wednesday, April 2nd. Wedbush reaffirmed an "outperform" rating and issued a $500.00 price objective on shares of Domino's Pizza in a research report on Tuesday, February 25th. Benchmark upped their price objective on shares of Domino's Pizza from $520.00 to $535.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Bank of America upped their price objective on shares of Domino's Pizza from $520.00 to $549.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, BTIG Research set a $530.00 price objective on shares of Domino's Pizza and gave the stock a "buy" rating in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $498.50.

Insider Transactions at Domino's Pizza

In related news, EVP Reddy Sandeep sold 399 shares of the company's stock in a transaction 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 sale, the executive vice president now owns 8,756 shares in the company, valued at approximately $4,046,848.08. This represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the sale, the executive vice president now owns 5,699 shares of the company's stock, valued at approximately $2,486,359.72. This trade represents a 26.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,996 shares of company stock valued at $3,946,461. Company insiders own 0.83% of the company's stock.

About Domino's Pizza

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.