Freestone Grove Partners LP Buys New Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Freestone Grove Partners LP acquired a new position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 134,951 shares of the restaurant operator's stock, valued at approximately $56,647,000. Freestone Grove Partners LP owned approximately 0.39% of Domino's Pizza as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DPZ. Sherman Asset Management Inc. bought a new stake in Domino's Pizza during the fourth quarter worth about $25,000. Brown Brothers Harriman & Co. grew its stake in shares of Domino's Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after buying an additional 61 shares in the last quarter. Covestor Ltd raised its position in 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 lifted its stake in Domino's Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after acquiring an additional 26 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in shares of Domino's Pizza in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wedbush reiterated an "outperform" rating and set a $500.00 price target on shares of Domino's Pizza in a report on Tuesday, February 25th. Hsbc Global Res raised Domino's Pizza to a "strong-buy" rating in a report on Tuesday, April 22nd. BMO Capital Markets raised their price target on Domino's Pizza from $515.00 to $540.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Robert W. Baird upped their price objective on shares of Domino's Pizza from $500.00 to $535.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Finally, Argus restated a "hold" rating and set a $490.00 target price on shares of Domino's Pizza in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $498.50.

Domino's Pizza Stock Down 1.0 %

Shares of DPZ traded down $4.69 during midday trading on Tuesday, hitting $473.15. The company's stock had a trading volume of 116,974 shares, compared to its average volume of 619,437. Domino's Pizza, Inc. has a one year low of $396.06 and a one year high of $538.44. The stock has a market capitalization of $16.20 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The company's fifty day simple moving average is $464.68 and its two-hundred day simple moving average is $450.85.

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 analysts' expectations of $1.12 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.58 earnings per share. On average, research analysts predict 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 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. The ex-dividend date 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 (DPR) is presently 39.91%.

Insider Transactions at Domino's Pizza

In other Domino's Pizza news, CFO Reddy Sandeep sold 1,077 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the transaction, the chief financial officer now owns 8,081 shares of the company's stock, valued at $3,581,499.20. This represents a 11.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelly E. Garcia sold 2,104 shares of Domino's Pizza stock in a transaction dated 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 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 ninety days, insiders sold 8,996 shares of company stock worth $3,946,461. Corporate insiders own 0.83% of the company's stock.

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.