1,295 Shares in Domino's Pizza, Inc. (NASDAQ:DPZ) Purchased by Optimize Financial Inc

Optimize Financial Inc purchased 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 filing with the SEC. The fund purchased 1,295 shares of the restaurant operator's stock, valued at approximately $544,000.

A number of other institutional investors and hedge funds have also modified their holdings of DPZ. Sherman Asset Management Inc. acquired a new stake in Domino's Pizza during the 4th quarter worth $25,000. Brown Brothers Harriman & Co. grew its stake 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 purchasing an additional 61 shares during the period. Covestor Ltd increased its holdings in Domino's Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 49 shares during 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 buying an additional 26 shares during the period. Finally, Lee Danner & Bass Inc. bought a new position in Domino's Pizza during the 4th quarter worth approximately $42,000. 94.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Domino's Pizza news, CFO Reddy Sandeep sold 1,077 shares of the firm'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 transaction, the chief financial officer now directly owns 8,081 shares of the company's stock, valued at approximately $3,581,499.20. This trade represents a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the executive vice president now owns 5,699 shares of the company's stock, valued at $2,486,359.72. This trade represents a 26.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,996 shares of company stock valued at $3,946,461 over the last ninety days. 0.83% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DPZ has been the topic of a number of research reports. Robert W. Baird cut their price target on Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Barclays increased their target price on shares of Domino's Pizza from $402.00 to $420.00 and gave the stock an "underweight" rating in a report on Tuesday, February 25th. TD Cowen reissued a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a research report on Monday, February 24th. Stephens reissued an "equal weight" rating and set a $440.00 price target on shares of Domino's Pizza in a research report on Wednesday, April 2nd. Finally, Wedbush reaffirmed an "outperform" rating and set a $500.00 price target on shares of Domino's Pizza in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Domino's Pizza has an average rating of "Moderate Buy" and a consensus target price of $496.88.

Domino's Pizza Stock Performance

Shares of NASDAQ:DPZ traded up $4.49 during mid-day trading on Thursday, reaching $466.74. 403,761 shares of the company's stock were exchanged, compared to its average volume of 625,257. The firm has a market capitalization of $16.01 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The business's fifty day moving average price is $462.24 and its 200-day moving average price is $445.16.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts' consensus estimates of $4.93 by ($0.04). Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the firm posted $4.48 EPS. The company's quarterly revenue was up 2.9% on a year-over-year basis. Analysts predict that Domino's Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino's Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.49%. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Friday, March 14th. Domino's Pizza's payout ratio is currently 41.70%.

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.