Domino's Pizza, Inc. (NASDAQ:DPZ) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 38.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 130,522 shares of the restaurant operator's stock after purchasing an additional 36,161 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.38% of Domino's Pizza worth $54,788,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its position in Domino's Pizza by 278.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator's stock worth $4,643,000 after purchasing an additional 8,136 shares during the period. Empowered Funds LLC grew its stake in shares of Domino's Pizza by 44.6% during the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator's stock valued at $2,398,000 after buying an additional 1,762 shares during the last quarter. Alta Capital Management LLC raised its holdings in shares of Domino's Pizza by 20.5% in the fourth quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator's stock worth $2,999,000 after buying an additional 1,214 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Domino's Pizza by 1.3% during the 4th 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. Finally, SBI Securities Co. Ltd. purchased a new position in Domino's Pizza during the 4th quarter valued at $282,000. Institutional investors own 94.63% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have weighed in on DPZ. Stephens reiterated an "equal weight" rating and issued a $440.00 target price on shares of Domino's Pizza in a research note on Wednesday. TD Securities reiterated a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a report on Monday, March 31st. Oppenheimer upped their target price on shares of Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $500.00 price target on shares of Domino's Pizza in a research note on Tuesday, April 1st. Finally, Wedbush reissued an "outperform" rating and issued a $500.00 price objective on shares of Domino's Pizza in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $503.41.

Insider Activity

In other news, EVP Reddy Sandeep sold 399 shares of the firm's 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 completion of the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at $4,046,848.08. This trade represents a 4.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the sale, the executive vice president now owns 793 shares in the company, valued at approximately $346,541. This represents 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 over the last ninety days. 0.83% of the stock is currently owned by insiders.

Domino's Pizza Stock Performance

DPZ stock traded down $19.57 on Friday, hitting $444.21. 1,057,656 shares of the company's stock were exchanged, compared to its average volume of 620,661. The firm has a 50 day moving average price of $461.64 and a two-hundred day moving average price of $443.50. Domino's Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75. The stock has a market cap of $15.24 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15.

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 (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. Sell-side analysts expect 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 1.57%. The ex-dividend date of this dividend was Friday, March 14th. Domino's Pizza's payout ratio is presently 41.70%.

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.