Domino's Pizza, Inc. (NASDAQ:DPZ) Stake Increased by DnB Asset Management AS

DnB Asset Management AS increased its holdings in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,321 shares of the restaurant operator's stock after acquiring an additional 663 shares during the period. DnB Asset Management AS's holdings in Domino's Pizza were worth $2,653,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DPZ. Sherman Asset Management Inc. purchased a new position in Domino's Pizza in the fourth quarter valued at about $25,000. True Wealth Design LLC increased its stake in Domino's Pizza by 2,033.3% in the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 61 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Domino's Pizza by 40.0% in the 4th 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 in the last quarter. Lee Danner & Bass Inc. acquired a new position in Domino's Pizza during the fourth quarter worth $42,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in Domino's Pizza during the fourth quarter worth $55,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

Insider Buying and Selling at Domino's Pizza

In other news, EVP Kevin Scott Morris sold 5,416 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly owns 793 shares in the company, valued at approximately $346,541. This represents a 87.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelly E. Garcia sold 2,104 shares of Domino's Pizza 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 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 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 three months. 0.83% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DPZ. TD Cowen reaffirmed a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a research note on Monday, February 24th. Robert W. Baird cut their target price on shares of Domino's Pizza from $545.00 to $510.00 and set an "outperform" rating for the company in a research report on Tuesday, February 25th. Benchmark reiterated a "buy" rating and issued a $520.00 price target on shares of Domino's Pizza in a research report on Tuesday, February 25th. Argus downgraded Domino's Pizza from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Citigroup upped their target price on Domino's Pizza from $440.00 to $520.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $503.41.

Domino's Pizza Trading Down 4.2 %

Shares of Domino's Pizza stock traded down $19.57 during trading hours on Friday, reaching $444.21. The stock had a trading volume of 1,057,656 shares, compared to its average volume of 620,661. The firm has a market capitalization of $15.24 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75. The firm has a 50 day simple moving average of $461.64 and a two-hundred day simple moving average of $443.50.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $1.47 billion. During the same quarter in the previous year, the business posted $4.48 EPS. The company's quarterly revenue was up 2.9% on a year-over-year basis. Sell-side analysts forecast that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $1.74 dividend. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a yield of 1.57%. The ex-dividend date was Friday, March 14th. Domino's Pizza's dividend payout ratio is currently 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.