Marks Group Wealth Management Inc Lowers Stake in Domino's Pizza, Inc. (NYSE:DPZ)

Marks Group Wealth Management Inc cut its position in shares of Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 75.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 762 shares of the restaurant operator's stock after selling 2,402 shares during the quarter. Marks Group Wealth Management Inc's holdings in Domino's Pizza were worth $314,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Domino's Pizza during the fourth quarter worth about $25,000. Creative Financial Designs Inc. ADV grew its holdings in Domino's Pizza by 127.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 46 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Domino's Pizza in the third quarter valued at approximately $39,000. Jones Financial Companies Lllp purchased a new stake in Domino's Pizza in the third quarter valued at approximately $49,000. Finally, Larson Financial Group LLC purchased a new stake in Domino's Pizza in the third quarter valued at approximately $53,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DPZ has been the subject of a number of recent analyst reports. Oppenheimer restated an "outperform" rating and issued a $470.00 target price on shares of Domino's Pizza in a report on Thursday, February 22nd. Wedbush reiterated an "outperform" rating and set a $520.00 price objective on shares of Domino's Pizza in a research note on Wednesday, April 10th. BMO Capital Markets boosted their price objective on shares of Domino's Pizza from $475.00 to $535.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 27th. Sanford C. Bernstein upgraded shares of Domino's Pizza from an "underperform" rating to a "market perform" rating and boosted their price objective for the stock from $330.00 to $370.00 in a research note on Tuesday, January 9th. Finally, Gordon Haskett upgraded shares of Domino's Pizza from a "hold" rating to a "buy" rating and set a $467.00 price objective for the company in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat, Domino's Pizza presently has an average rating of "Moderate Buy" and a consensus price target of $460.90.

Insiders Place Their Bets

In other Domino's Pizza news, EVP Cynthia A. Headen sold 108 shares of Domino's Pizza stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the sale, the executive vice president now owns 3,910 shares of the company's stock, valued at approximately $1,935,762.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Cynthia A. Headen sold 108 shares of the firm's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Cynthia A. Headen sold 768 shares of the firm's stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the transaction, the executive vice president now owns 4,103 shares in the company, valued at $1,852,586.56. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company's stock.

Domino's Pizza Stock Performance

NYSE DPZ traded up $6.55 during trading on Wednesday, hitting $487.71. The stock had a trading volume of 718,738 shares, compared to its average volume of 564,422. The company has a market capitalization of $16.99 billion, a PE ratio of 33.25, a P/E/G ratio of 2.46 and a beta of 0.86. Domino's Pizza, Inc. has a 12 month low of $285.84 and a 12 month high of $508.44. The company's 50-day moving average price is $464.16 and its two-hundred day moving average price is $417.01.

Domino's Pizza (NYSE:DPZ - Get Free Report) last issued its earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, topping analysts' consensus estimates of $4.38 by $0.10. Domino's Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the company posted $4.43 earnings per share. The firm's revenue for the quarter was up .8% on a year-over-year basis. As a group, equities analysts anticipate that Domino's Pizza, Inc. will post 15.72 earnings per share for the current fiscal year.

Domino's Pizza Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $1.51 dividend. The ex-dividend date was Thursday, March 14th. This represents a $6.04 annualized dividend and a dividend yield of 1.24%. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.21. Domino's Pizza's dividend payout ratio is currently 41.17%.

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.