Allstate Corp Makes New Investment in Domino's Pizza, Inc. (NASDAQ:DPZ)

Allstate Corp bought a new position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,018 shares of the restaurant operator's stock, valued at approximately $427,000.

Several other hedge funds have also recently modified their holdings of DPZ. Sherman Asset Management Inc. purchased a new position in Domino's Pizza in the 4th quarter valued at $25,000. Brown Brothers Harriman & Co. grew its holdings 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 buying an additional 61 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of 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 last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Domino's Pizza in the fourth quarter worth about $42,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in Domino's Pizza during the fourth quarter worth about $55,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Domino's Pizza Trading Down 1.7 %

DPZ traded down $7.64 during trading hours on Monday, hitting $436.57. 1,147,831 shares of the company's stock were exchanged, compared to its average volume of 622,762. The firm has a market cap of $14.97 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75. The firm has a 50 day moving average of $461.75 and a 200 day moving average of $443.67.

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Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.47 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm's revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $4.48 EPS. As a group, research analysts expect that Domino's Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino's Pizza Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $1.74 per share. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. The ex-dividend date was Friday, March 14th. This represents a $6.96 annualized dividend and a yield of 1.59%. Domino's Pizza's dividend payout ratio is 41.70%.

Insider Buying and Selling at Domino's Pizza

In other 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 sale, the chief financial officer now directly owns 8,081 shares in the company, valued at approximately $3,581,499.20. This trade represents a 11.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kevin Scott Morris sold 5,416 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the transaction, the executive vice president now owns 793 shares of the company's stock, valued at approximately $346,541. The trade was a 87.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,996 shares of company stock valued at $3,946,461 in the last quarter. Corporate insiders own 0.83% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Stephens reiterated an "equal weight" rating and issued a $440.00 price objective on shares of Domino's Pizza in a report on Wednesday, April 2nd. TD Securities reiterated a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a research report on Monday, March 31st. Argus cut Domino's Pizza from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Citigroup lifted their price target on Domino's Pizza from $440.00 to $520.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Finally, Robert W. Baird dropped their price objective on shares of Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Domino's Pizza currently has an average rating of "Moderate Buy" and an average target price of $503.04.

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.