Value Partners Investments Inc. Boosts Stock Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Value Partners Investments Inc. boosted its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,772 shares of the restaurant operator’s stock after purchasing an additional 106 shares during the quarter. Value Partners Investments Inc.’s holdings in Domino’s Pizza were worth $743,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KG&L Capital Management LLC increased its position in Domino’s Pizza by 1.4% in the fourth quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock worth $724,000 after purchasing an additional 23 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Domino’s Pizza by 2.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock worth $486,000 after buying an additional 23 shares in the last quarter. Greenleaf Trust increased its holdings in shares of Domino’s Pizza by 3.1% in the 4th quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock worth $358,000 after buying an additional 26 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Domino’s Pizza by 40.0% during the 4th 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 in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Domino’s Pizza by 2.8% in the 4th quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock valued at $427,000 after acquiring an additional 28 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Insider Activity

In related news, EVP Kevin Scott Morris sold 5,416 shares of the firm’s stock in a transaction on 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 completion of the transaction, the executive vice president now owns 793 shares of the company’s stock, valued at $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Reddy Sandeep sold 399 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the sale, the executive vice president now directly owns 8,756 shares in the company, valued at $4,046,848.08. This represents a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,996 shares of company stock valued at $3,946,461 over the last ninety days. 0.83% of the stock is currently owned by insiders.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $462.17 on Monday. The business has a fifty day moving average price of $461.95 and a 200-day moving average price of $444.55. Domino’s Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $542.75. The stock has a market capitalization of $15.85 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.48 EPS. On average, equities research analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DPZ. Argus downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Loop Capital lowered their price target on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Barclays boosted their price objective on shares of Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research report on Tuesday, February 25th. Citigroup lowered their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus target price of $499.69.

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.