CANADA LIFE ASSURANCE Co Acquires 2,200 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

CANADA LIFE ASSURANCE Co increased its stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,297 shares of the restaurant operator's stock after acquiring an additional 2,200 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.13% of Domino's Pizza worth $18,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DPZ. KG&L Capital Management LLC raised its stake in shares of Domino's Pizza by 1.4% in the 4th quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator's stock valued at $724,000 after acquiring an additional 23 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of Domino's Pizza by 2.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator's stock valued at $486,000 after buying an additional 23 shares during the period. Greenleaf Trust boosted its holdings in 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 acquiring an additional 26 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Domino's Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after purchasing an additional 26 shares during the period. Finally, Larson Financial Group LLC lifted its position in shares of Domino's Pizza by 2.8% during the fourth quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator's stock worth $427,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DPZ. Wells Fargo & Company upped their price objective on shares of Domino's Pizza from $420.00 to $445.00 and gave the company an "equal weight" rating in a research report on Tuesday. Guggenheim upped their target price on Domino's Pizza from $450.00 to $460.00 and gave the company a "neutral" rating in a research report on Tuesday. BMO Capital Markets raised their price target on shares of Domino's Pizza from $500.00 to $515.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Stephens reaffirmed an "equal weight" rating and issued a $440.00 price target on shares of Domino's Pizza in a report on Wednesday, April 2nd. Finally, Benchmark reissued a "buy" rating and set a $520.00 price objective on shares of Domino's Pizza in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $499.48.

Domino's Pizza Price Performance

Shares of DPZ traded down $0.39 during mid-day trading on Friday, hitting $487.58. The company's stock had a trading volume of 1,019,996 shares, compared to its average volume of 627,990. Domino's Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The stock has a market capitalization of $16.72 billion, a price-to-earnings ratio of 29.95, a PEG ratio of 2.47 and a beta of 1.15. The firm has a 50-day moving average price of $462.60 and a 200 day moving average price of $447.91.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.93 by ($0.04). Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the firm earned $4.48 earnings per share. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities analysts anticipate that Domino's Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino's Pizza Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. Domino's Pizza's dividend payout ratio is 41.70%.

Insider Buying and Selling at Domino's Pizza

In other Domino's Pizza news, CFO Reddy Sandeep sold 1,077 shares of Domino's Pizza stock in a transaction 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 sale, the chief financial officer now owns 8,081 shares of the company's stock, valued at $3,581,499.20. This trade represents a 11.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the transaction, 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 a total of 8,996 shares of company stock valued at $3,946,461 in the last three months. 0.83% of the stock is currently owned by company insiders.

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.