First Trust Advisors LP Sells 40,306 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

First Trust Advisors LP lessened its stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 81.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,310 shares of the restaurant operator's stock after selling 40,306 shares during the quarter. First Trust Advisors LP's holdings in Domino's Pizza were worth $3,908,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Epoch Investment Partners Inc. increased its position in Domino's Pizza by 4.2% during the fourth quarter. Epoch Investment Partners Inc. now owns 335,444 shares of the restaurant operator's stock worth $140,806,000 after buying an additional 13,574 shares during the last quarter. Infusive Asset Management Inc. increased its holdings in shares of Domino's Pizza by 38.6% during the 4th quarter. Infusive Asset Management Inc. now owns 8,444 shares of the restaurant operator's stock worth $3,544,000 after acquiring an additional 2,350 shares during the last quarter. Cadence Bank raised its stake in Domino's Pizza by 2.3% in the 4th quarter. Cadence Bank now owns 11,451 shares of the restaurant operator's stock valued at $4,807,000 after acquiring an additional 252 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in Domino's Pizza by 5.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 43,297 shares of the restaurant operator's stock valued at $18,150,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Champlain Investment Partners LLC boosted its position in Domino's Pizza by 27.4% during the fourth quarter. Champlain Investment Partners LLC now owns 294,175 shares of the restaurant operator's stock worth $123,483,000 after purchasing an additional 63,200 shares during the period. 94.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. Stephens reaffirmed an "equal weight" rating and set a $440.00 target price on shares of Domino's Pizza in a report on Wednesday, April 2nd. Royal Bank of Canada boosted their price objective on Domino's Pizza from $500.00 to $550.00 and gave the stock an "outperform" rating in a report on Tuesday. Guggenheim increased their target price on Domino's Pizza from $450.00 to $460.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 22nd. Hsbc Global Res upgraded Domino's Pizza to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, Robert W. Baird increased their price objective on Domino's Pizza from $500.00 to $535.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Domino's Pizza has a consensus rating of "Moderate Buy" and an average target price of $498.50.

Insider Transactions at Domino's Pizza

In related news, CFO Reddy Sandeep sold 1,077 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the sale, the chief financial officer now owns 8,081 shares of the company's stock, valued at $3,581,499.20. The trade was a 11.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of Domino's Pizza stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the transaction, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,996 shares of company stock worth $3,946,461. Insiders own 0.83% of the company's stock.

Domino's Pizza Price Performance

DPZ stock opened at $484.61 on Friday. The stock has a market cap of $16.62 billion, a price-to-earnings ratio of 29.77, a P/E/G ratio of 2.47 and a beta of 1.15. The company has a 50 day simple moving average of $464.71 and a 200 day simple moving average of $450.21. Domino's Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $538.44.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly 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 the consensus estimate of $1.12 billion. During the same period in the prior year, the business earned $3.58 earnings per share. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts anticipate that Domino's Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued 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 (DPR) is currently 39.91%.

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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