Optimize Financial Inc Purchases Shares of 1,295 Domino's Pizza, Inc. (NASDAQ:DPZ)

Optimize Financial Inc bought a new stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,295 shares of the restaurant operator's stock, valued at approximately $544,000.

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

Domino's Pizza Price Performance

Domino's Pizza stock traded down $2.44 during mid-day trading on Tuesday, hitting $473.43. The company's stock had a trading volume of 17,005 shares, compared to its average volume of 623,678. Domino's Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75. The company has a market cap of $16.24 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The firm's 50 day moving average is $462.37 and its 200 day moving average is $444.88.

Remove Ads

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced 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). The company 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 business's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.48 earnings per share. As a group, analysts forecast that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.47%. This is an increase 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%.

Insiders Place Their Bets

In related news, EVP Reddy Sandeep sold 399 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the transaction, the executive vice president now owns 8,756 shares of the company's stock, valued at approximately $4,046,848.08. The trade was a 4.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of Domino's Pizza 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 completion of the transaction, the executive vice president now directly owns 5,699 shares in the company, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. 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 currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DPZ. Royal Bank of Canada reissued an "outperform" rating and set a $500.00 target price on shares of Domino's Pizza in a report on Tuesday, April 1st. Barclays increased their target price on Domino's Pizza from $402.00 to $420.00 and gave the stock an "underweight" rating in a research report on Tuesday, February 25th. TD Cowen restated a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a research report on Monday, February 24th. Benchmark reiterated a "buy" rating and issued a $520.00 price objective on shares of Domino's Pizza in a research report on Tuesday, February 25th. Finally, Argus lowered shares of Domino's Pizza from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Domino's Pizza currently has a consensus rating of "Moderate Buy" and a consensus price target of $499.69.

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.