Pinebridge Investments L.P. Sells 15,053 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

Pinebridge Investments L.P. decreased its stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 45.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,062 shares of the restaurant operator's stock after selling 15,053 shares during the period. Pinebridge Investments L.P. owned approximately 0.05% of Domino's Pizza worth $7,582,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DPZ. Sherman Asset Management Inc. bought a new stake in shares of Domino's Pizza in the fourth quarter worth $25,000. Brown Brothers Harriman & Co. raised its stake in shares of Domino's Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 61 shares in the last quarter. Covestor Ltd lifted its position in shares of Domino's Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 49 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in 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 purchasing an additional 26 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in Domino's Pizza in the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Domino's Pizza Stock Down 0.1 %

DPZ traded down $0.39 during trading on Friday, hitting $487.58. The company's stock had a trading volume of 1,019,996 shares, compared to its average volume of 626,664. The firm's 50 day moving average price is $462.60 and its two-hundred day moving average price is $448.43. The stock has a market capitalization of $16.72 billion, a price-to-earnings ratio of 29.95, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. 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 issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the company earned $4.48 EPS. The firm's revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts forecast that Domino's Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino's Pizza Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $1.74 dividend. This is a boost from Domino's Pizza's previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, March 14th. Domino's Pizza's dividend payout ratio (DPR) is 41.70%.

Insider Transactions at Domino's Pizza

In other news, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the transaction, the executive vice president now owns 793 shares of the company's stock, valued at $346,541. This represents a 87.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Reddy Sandeep sold 399 shares of Domino's Pizza stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the sale, the executive vice president now directly owns 8,756 shares of the company's stock, valued at approximately $4,046,848.08. This trade represents a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock worth $3,946,461 over the last 90 days. 0.83% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on DPZ. Benchmark restated a "buy" rating and set a $520.00 price objective on shares of Domino's Pizza in a research note on Tuesday, February 25th. Wedbush reissued an "outperform" rating and set a $500.00 target price on shares of Domino's Pizza in a research note on Tuesday, February 25th. Hsbc Global Res upgraded shares of Domino's Pizza to a "strong-buy" rating in a research report on Tuesday, April 22nd. Robert W. Baird lifted their price target on Domino's Pizza from $500.00 to $535.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Oppenheimer raised their target price on Domino's Pizza from $490.00 to $495.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $499.48.

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.