Cibc World Markets Corp Purchases 653 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

Cibc World Markets Corp increased its holdings in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 13.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,429 shares of the restaurant operator's stock after buying an additional 653 shares during the quarter. Cibc World Markets Corp's holdings in Domino's Pizza were worth $2,279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Sherman Asset Management Inc. acquired a new position in Domino's Pizza in the fourth quarter worth approximately $25,000. True Wealth Design LLC lifted its position in shares of Domino's Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator's stock worth $28,000 after buying an additional 61 shares during the last quarter. EverSource Wealth Advisors LLC lifted 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 worth $38,000 after buying an additional 26 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of Domino's Pizza by 34.3% during the 4th quarter. Private Trust Co. NA now owns 145 shares of the restaurant operator's stock worth $61,000 after acquiring an additional 37 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Domino's Pizza by 37.6% during the 4th quarter. Allworth Financial LP now owns 150 shares of the restaurant operator's stock valued at $66,000 after acquiring an additional 41 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

DPZ has been the subject of a number of recent analyst reports. Citigroup upped their target price on Domino's Pizza from $440.00 to $520.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Benchmark reiterated a "buy" rating and issued a $520.00 target price on shares of Domino's Pizza in a research note on Tuesday, February 25th. TD Securities reissued a "buy" rating and set a $490.00 target price on shares of Domino's Pizza in a research report on Monday, February 24th. Morgan Stanley decreased their price target on shares of Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Finally, Oppenheimer lifted their price objective on Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Domino's Pizza has a consensus rating of "Moderate Buy" and a consensus target price of $503.41.

Domino's Pizza Stock Performance

DPZ traded down $5.77 during mid-day trading on Tuesday, reaching $460.27. The stock had a trading volume of 664,943 shares, compared to its average volume of 658,168. The firm's fifty day simple moving average is $456.08 and its two-hundred day simple moving average is $440.30. The stock has a market capitalization of $15.79 billion, a P/E ratio of 28.27, a P/E/G ratio of 2.47 and a beta of 1.06. Domino's Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75.

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

Domino's Pizza Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.51%. This is a boost from Domino's Pizza's previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Friday, March 14th. Domino's Pizza's payout ratio is presently 41.70%.

Insiders Place Their Bets

In related news, EVP Kelly E. Garcia sold 2,104 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the business'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 sale, the executive vice president now directly owns 793 shares in the company, valued at $346,541. This represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,597 shares of company stock worth $3,762,052 over the last ninety days. 0.76% of the stock is currently owned by corporate insiders.

About Domino's Pizza

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.