Commerce Bank Has $3.66 Million Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Commerce Bank decreased its position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,718 shares of the restaurant operator's stock after selling 636 shares during the period. Commerce Bank's holdings in Domino's Pizza were worth $3,659,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sherman Asset Management Inc. bought a new stake in Domino's Pizza during the 4th quarter worth approximately $25,000. Brown Brothers Harriman & Co. raised its holdings in shares of Domino's Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after buying an additional 61 shares during the last quarter. Covestor Ltd lifted its position in Domino's Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock worth $34,000 after buying an additional 49 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Domino's Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 26 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in Domino's Pizza in the 4th quarter valued at about $42,000. 94.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

DPZ has been the topic of several research analyst reports. Barclays increased their price target on shares of Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a research note on Tuesday. Argus lowered Domino's Pizza from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Morgan Stanley dropped their target price on Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. TD Securities reiterated a "buy" rating and issued a $490.00 price target on shares of Domino's Pizza in a report on Monday, March 31st. Finally, Wedbush reissued an "outperform" rating and set a $500.00 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 assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $499.48.

Domino's Pizza Price Performance

Shares of Domino's Pizza stock traded down $0.39 on Friday, hitting $487.58. The company had a trading volume of 1,012,312 shares, compared to its average volume of 628,091. Domino's Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The stock has a 50-day moving average of $462.41 and a 200-day moving average of $447.38. The firm has a market capitalization of $16.72 billion, a P/E ratio of 29.95, a P/E/G ratio of 2.47 and a beta of 1.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released 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). The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino's Pizza's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the company posted $4.48 EPS. Equities analysts predict that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Increases Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Friday, March 14th. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.51. Domino's Pizza's dividend payout ratio (DPR) is currently 41.70%.

Insiders Place Their Bets

In other news, EVP Reddy Sandeep sold 399 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction 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 represents a 4.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now owns 793 shares of the company's stock, valued at $346,541. The trade was a 87.23 % 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 quarter. 0.83% of the stock is currently owned by 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.