Envestnet Asset Management Inc. Increases Stock Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Envestnet Asset Management Inc. raised its position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 369,307 shares of the restaurant operator's stock after buying an additional 5,840 shares during the quarter. Envestnet Asset Management Inc. owned 1.07% of Domino's Pizza worth $155,020,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Sherman Asset Management Inc. acquired a new stake in Domino's Pizza during the fourth quarter worth approximately $25,000. Brown Brothers Harriman & Co. lifted its position in Domino's Pizza by 1,016.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 61 shares during the period. EverSource Wealth Advisors LLC increased its holdings 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 buying an additional 26 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of Domino's Pizza during the 4th quarter worth approximately $42,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in Domino's Pizza in the fourth quarter valued at approximately $55,000. Institutional investors own 94.63% of the company's stock.

Insiders Place Their Bets

In other Domino's Pizza news, CFO Reddy Sandeep sold 1,077 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the transaction, the chief financial officer now directly owns 8,081 shares of the company's stock, valued at approximately $3,581,499.20. This trade represents a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,996 shares of company stock worth $3,946,461. Corporate insiders own 0.83% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DPZ shares. Wedbush restated an "outperform" rating and set a $500.00 price objective on shares of Domino's Pizza in a research report on Tuesday, February 25th. Robert W. Baird lowered their price objective on shares of Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Loop Capital dropped their price objective on shares of Domino's Pizza from $559.00 to $555.00 and set a "buy" rating for the company in a research note on Tuesday, February 25th. Morgan Stanley decreased their target price on shares of Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Finally, Barclays increased their price target on Domino's Pizza from $402.00 to $420.00 and gave the company an "underweight" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $499.69.

Domino's Pizza Stock Performance

Shares of Domino's Pizza stock traded up $9.12 on Friday, reaching $462.17. 625,094 shares of the company's stock were exchanged, compared to its average volume of 626,189. The firm's 50-day moving average is $461.95 and its two-hundred day moving average is $444.55. The company has a market capitalization of $15.85 billion, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. 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 posted its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 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 during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the business posted $4.48 earnings per share. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts expect 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 paid a dividend of $1.74 per share. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Friday, March 14th. Domino's Pizza's dividend payout ratio is 41.70%.

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.