Westwood Holdings Group Inc. Acquires 9,617 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

Westwood Holdings Group Inc. grew its holdings in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,981 shares of the restaurant operator's stock after purchasing an additional 9,617 shares during the quarter. Domino's Pizza comprises approximately 0.9% of Westwood Holdings Group Inc.'s portfolio, making the stock its 20th biggest holding. Westwood Holdings Group Inc. owned 0.79% of Domino's Pizza worth $115,006,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DPZ. Berkshire Hathaway Inc lifted its position in Domino's Pizza by 86.5% during the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock valued at $999,868,000 after purchasing an additional 1,104,744 shares during the last quarter. Principal Financial Group Inc. lifted its position in Domino's Pizza by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock valued at $708,498,000 after purchasing an additional 21,705 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Domino's Pizza by 10.7% during 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. raised its stake in shares of Domino's Pizza by 46.0% during 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 purchased a new position in shares of Domino's Pizza during the fourth quarter worth approximately $250,571,000. 94.63% of the stock is currently owned by institutional investors.

Domino's Pizza Stock Up 1.9%

Shares of NASDAQ:DPZ opened at $495.05 on Monday. The firm's 50 day moving average price is $466.82 and its 200-day moving average price is $454.90. Domino's Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $538.44. The stock has a market capitalization of $16.95 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15.

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, 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 company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm posted $3.58 EPS. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. Analysts expect that Domino's Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The company 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 dividend of $1.74 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.41%. Domino's Pizza's dividend payout ratio is currently 39.91%.

Analyst Ratings Changes

DPZ has been the topic of several research reports. Morgan Stanley lifted 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. Wells Fargo & Company lifted their price target on shares of Domino's Pizza from $445.00 to $465.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 29th. TD Cowen reaffirmed a "buy" rating and issued a $490.00 target price on shares of Domino's Pizza in a research note on Monday, February 24th. Loop Capital lifted their target price on shares of Domino's Pizza from $555.00 to $564.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, Barclays decreased their target price on shares of Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. One investment 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. Based on data from MarketBeat, Domino's Pizza presently has a consensus rating of "Moderate Buy" and an average target price of $498.50.

Insider Buying and Selling

In other news, EVP Kelly E. Garcia sold 2,104 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the transaction, the executive vice president now owns 5,699 shares in the company, valued at approximately $2,486,359.72. This trade represents a 26.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Reddy Sandeep sold 399 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock worth $3,946,461 over the last three months. 0.83% of the stock is owned by insiders.

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.

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