Farringdon Capital Ltd. Purchases New Stake in Domino's Pizza, Inc. (NASDAQ:DPZ)

Farringdon Capital Ltd. acquired a new stake in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 858 shares of the restaurant operator's stock, valued at approximately $360,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in Domino's Pizza by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock worth $708,498,000 after purchasing an additional 21,705 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Domino's Pizza by 10.7% during the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock valued at $403,203,000 after buying an additional 92,389 shares in the last quarter. Invesco Ltd. grew its position in shares of Domino's Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after buying an additional 191,752 shares during the period. Norges Bank bought a new position in shares of Domino's Pizza in the 4th quarter worth about $250,571,000. Finally, Envestnet Asset Management Inc. lifted its position in Domino's Pizza by 1.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 369,307 shares of the restaurant operator's stock valued at $155,020,000 after acquiring an additional 5,840 shares during the period. Hedge funds and other institutional investors own 94.63% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Stephens reiterated an "equal weight" rating and set a $440.00 target price on shares of Domino's Pizza in a report on Wednesday, April 2nd. Argus cut Domino's Pizza from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Oppenheimer increased their target price on Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Benchmark reaffirmed a "buy" rating and issued a $520.00 price target on shares of Domino's Pizza in a research report on Tuesday, February 25th. Finally, Guggenheim increased their price objective on shares of Domino's Pizza from $450.00 to $460.00 and gave the company a "neutral" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Domino's Pizza currently has a consensus rating of "Moderate Buy" and a consensus target price of $499.48.

Insiders Place Their Bets

In related news, CFO Reddy Sandeep sold 1,077 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total transaction of $477,326.40. Following the completion of the transaction, the chief financial officer now owns 8,081 shares in the company, valued at $3,581,499.20. This represents a 11.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the sale, the executive vice president now owns 5,699 shares of the company's stock, valued at $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. In the last three months, insiders have sold 8,996 shares of company stock valued at $3,946,461. Company insiders own 0.83% of the company's stock.

Domino's Pizza Stock Up 0.1 %

Shares of DPZ traded up $0.28 during mid-day trading on Thursday, hitting $486.16. 229,489 shares of the company traded hands, compared to its average volume of 625,851. The company has a market capitalization of $16.67 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The business has a 50 day moving average of $462.18 and a 200 day moving average of $446.84. Domino's Pizza, Inc. has a 1-year low of $396.06 and a 1-year 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 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.47 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.48 EPS. As a group, research analysts expect that Domino's Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino's Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.43%. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Friday, March 14th. Domino's Pizza's dividend payout ratio is presently 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.