Fisher Asset Management LLC Acquires 16,713 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

Fisher Asset Management LLC increased its position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 24.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,671 shares of the restaurant operator's stock after acquiring an additional 16,713 shares during the quarter. Fisher Asset Management LLC owned about 0.25% of Domino's Pizza worth $35,961,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. True Wealth Design LLC raised its holdings in shares of 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 acquiring an additional 61 shares in the last quarter. Rakuten Securities Inc. lifted its position in Domino's Pizza by 195.6% during the third quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator's stock valued at $57,000 after purchasing an additional 88 shares during the last quarter. Private Trust Co. NA lifted its position in Domino's Pizza by 34.3% during the fourth quarter. Private Trust Co. NA now owns 145 shares of the restaurant operator's stock valued at $61,000 after purchasing an additional 37 shares during the last quarter. Allworth Financial LP grew its stake in Domino's Pizza by 37.6% in the 4th quarter. Allworth Financial LP now owns 150 shares of the restaurant operator's stock worth $66,000 after buying an additional 41 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Domino's Pizza by 57.9% in the 4th quarter. Blue Trust Inc. now owns 199 shares of the restaurant operator's stock worth $86,000 after buying an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

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Domino's Pizza Stock Performance

DPZ stock traded down $1.73 on Thursday, reaching $474.45. The company's stock had a trading volume of 268,625 shares, compared to its average volume of 595,033. The business has a fifty day simple moving average of $447.99 and a two-hundred day simple moving average of $437.05. The firm has a market cap of $16.27 billion, a PE ratio of 29.15, a PEG ratio of 2.47 and a beta of 1.06. Domino's Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75.

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

Domino's Pizza Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $1.74 per share. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.47%. Domino's Pizza's dividend payout ratio is 41.70%.

Wall Street Analysts Forecast Growth

DPZ has been the subject of a number of research analyst reports. Citigroup lifted their price objective on shares of Domino's Pizza from $440.00 to $520.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Barclays upped their price objective on Domino's Pizza from $402.00 to $420.00 and gave the stock an "underweight" rating in a report on Tuesday, February 25th. Stephens reiterated an "equal weight" rating and set a $440.00 price objective on shares of Domino's Pizza in a research report on Monday. Loop Capital dropped their target price on Domino's Pizza from $559.00 to $555.00 and set a "buy" rating for the company in a research report on Tuesday, February 25th. Finally, Argus lowered Domino's Pizza from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $503.41.

Domino's Pizza Company 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.