AGP Franklin LLC Takes Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

AGP Franklin LLC purchased a new stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,107 shares of the restaurant operator's stock, valued at approximately $2,144,000.

A number of other institutional investors have also recently added to or reduced their stakes in DPZ. Principal Financial Group Inc. increased its stake in Domino's Pizza by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock worth $708,498,000 after acquiring an additional 21,705 shares during the last quarter. Geode Capital Management LLC increased its stake in Domino's Pizza by 10.7% during the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock worth $403,203,000 after buying an additional 92,389 shares during the period. Invesco Ltd. boosted its holdings in Domino's Pizza by 46.0% in the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock valued at $255,649,000 after purchasing an additional 191,752 shares during the period. Norges Bank purchased a new position in shares of Domino's Pizza in the 4th quarter valued at about $250,571,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Domino's Pizza by 1.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 369,307 shares of the restaurant operator's stock valued at $155,020,000 after purchasing an additional 5,840 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Performance

DPZ traded up $4.49 on Friday, hitting $466.74. 403,761 shares of the company were exchanged, compared to its average volume of 627,543. Domino's Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The firm has a market capitalization of $16.01 billion, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The business's fifty day moving average is $461.93 and its 200 day moving average is $445.66.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share 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 firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter in the prior year, the business earned $4.48 EPS. The company's quarterly revenue was up 2.9% compared to the same quarter last year. Analysts forecast 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 was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $1.74 dividend. The ex-dividend date was Friday, March 14th. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a dividend yield of 1.49%. Domino's Pizza's dividend payout ratio is currently 41.70%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DPZ shares. Loop Capital dropped their target price on shares of Domino's Pizza from $559.00 to $555.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. TD Cowen reiterated a "buy" rating and set a $490.00 target price on shares of Domino's Pizza in a research report on Monday, February 24th. Oppenheimer upped their target price on Domino's Pizza from $490.00 to $495.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. BMO Capital Markets boosted their price objective on Domino's Pizza from $500.00 to $515.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Finally, Robert W. Baird decreased their price objective on Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating for the company in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $496.88.

Insider Transactions at Domino's Pizza

In other news, EVP Kevin Scott Morris sold 5,416 shares of Domino's Pizza 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 completion of the sale, the executive vice president now directly owns 793 shares in the company, valued at $346,541. The trade was a 87.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Reddy Sandeep sold 1,077 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total transaction of $477,326.40. Following the completion of 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 represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock valued at $3,946,461 in the last ninety days. 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.