Fortis Capital Management LLC Sells 385 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Fortis Capital Management LLC lowered its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 20.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,466 shares of the restaurant operator’s stock after selling 385 shares during the period. Fortis Capital Management LLC’s holdings in Domino’s Pizza were worth $615,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of Domino’s Pizza by 1.4% in the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock valued at $716,681,000 after purchasing an additional 23,681 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Domino’s Pizza in the third quarter valued at approximately $680,000. PNC Financial Services Group Inc. increased its holdings in shares of Domino’s Pizza by 4.8% in the third quarter. PNC Financial Services Group Inc. now owns 10,381 shares of the restaurant operator’s stock valued at $4,465,000 after purchasing an additional 479 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of Domino’s Pizza by 155.3% in the third quarter. Avior Wealth Management LLC now owns 457 shares of the restaurant operator’s stock valued at $197,000 after purchasing an additional 278 shares in the last quarter. Finally, Commerce Bank increased its holdings in shares of Domino’s Pizza by 17.7% in the third quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock valued at $4,024,000 after purchasing an additional 1,404 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 1.0 %

DPZ opened at $461.40 on Friday. The stock has a market capitalization of $15.82 billion, a P/E ratio of 28.34, a P/E/G ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75. The firm’s fifty day simple moving average is $454.96 and its 200 day simple moving average is $439.66.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing the consensus estimate of $4.93 by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.48 earnings per share. On average, equities research 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $1.74 per share. The ex-dividend date is Friday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a yield of 1.51%. Domino’s Pizza’s payout ratio is 41.70%.

Analysts Set New Price Targets

DPZ has been the subject of a number of research reports. TD Securities reissued a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a report on Monday, February 24th. Benchmark reaffirmed a “buy” rating and set a $520.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 25th. TD Cowen reaffirmed a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. BMO Capital Markets lifted their target price on shares of Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Finally, Argus lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average target price of $503.41.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 5,416 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the sale, the executive vice president now directly owns 793 shares of the company’s stock, valued at $346,541. The trade was a 87.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kelly E. Garcia sold 2,104 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction 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. This trade represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,597 shares of company stock valued at $3,762,052 in the last three months. 0.76% of the stock is currently owned by corporate insiders.

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.